Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Alliance Data Systems Co. (NYSE:ADS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 804 shares of the business services provider’s stock, valued at approximately $190,000.
Several other large investors also recently bought and sold shares of ADS. FMR LLC grew its holdings in shares of Alliance Data Systems by 45.3% during the second quarter. FMR LLC now owns 2,595,591 shares of the business services provider’s stock valued at $605,293,000 after purchasing an additional 809,427 shares during the last quarter. Parnassus Investments CA grew its holdings in shares of Alliance Data Systems by 42.3% during the second quarter. Parnassus Investments CA now owns 1,245,000 shares of the business services provider’s stock valued at $290,334,000 after purchasing an additional 370,000 shares during the last quarter. Waddell & Reed Financial Inc. grew its holdings in shares of Alliance Data Systems by 83.4% during the second quarter. Waddell & Reed Financial Inc. now owns 729,218 shares of the business services provider’s stock valued at $170,054,000 after purchasing an additional 331,500 shares during the last quarter. Nomura Holdings Inc. grew its holdings in shares of Alliance Data Systems by 4,390.2% during the second quarter. Nomura Holdings Inc. now owns 247,993 shares of the business services provider’s stock valued at $57,831,000 after purchasing an additional 242,470 shares during the last quarter. Finally, ValueAct Holdings L.P. grew its holdings in shares of Alliance Data Systems by 3.5% during the second quarter. ValueAct Holdings L.P. now owns 6,082,646 shares of the business services provider’s stock valued at $1,418,473,000 after purchasing an additional 205,246 shares during the last quarter. 93.75% of the stock is owned by institutional investors.
Several equities analysts have recently commented on ADS shares. Zacks Investment Research lowered Alliance Data Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Oppenheimer reaffirmed a “hold” rating on shares of Alliance Data Systems in a report on Friday, October 19th. ValuEngine lowered Alliance Data Systems from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $280.00 target price on shares of Alliance Data Systems in a report on Tuesday, August 7th. Finally, Deutsche Bank set a $253.00 target price on Alliance Data Systems and gave the company a “buy” rating in a report on Thursday, September 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $262.74.
Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings data on Thursday, October 18th. The business services provider reported $6.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.19 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. Alliance Data Systems had a return on equity of 56.33% and a net margin of 12.11%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $5.35 earnings per share. On average, analysts predict that Alliance Data Systems Co. will post 21.53 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, November 14th will be given a $0.57 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $2.28 dividend on an annualized basis and a yield of 1.13%. Alliance Data Systems’s dividend payout ratio (DPR) is 12.47%.
Alliance Data Systems announced that its board has authorized a share repurchase program on Monday, July 30th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
In other Alliance Data Systems news, EVP Bryan A. Pearson sold 3,424 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $231.67, for a total value of $793,238.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company’s stock.
Alliance Data Systems Company Profile
Alliance Data Systems Corporation provides data-driven marketing and loyalty solutions worldwide. It operates through three segments: LoyaltyOne, Epsilon, and Card Services. The company offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs.
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