Alliance Data Systems Co. (ADS) Shares Sold by Janus Capital Management LLC
Janus Capital Management LLC lowered its position in Alliance Data Systems Co. (NYSE:ADS) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,527 shares of the company’s stock after selling 673 shares during the period. Janus Capital Management LLC’s holdings in Alliance Data Systems were worth $1,262,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. ValueAct Holdings L.P. boosted its position in Alliance Data Systems by 52.1% in the third quarter. ValueAct Holdings L.P. now owns 5,000,000 shares of the company’s stock worth $1,072,650,000 after buying an additional 1,712,090 shares in the last quarter. Ruffer LLP acquired a new position in Alliance Data Systems during the fourth quarter worth $136,114,000. Sustainable Growth Advisers LP acquired a new position in Alliance Data Systems during the third quarter worth $109,860,000. Russell Investments Group Ltd. acquired a new position in Alliance Data Systems during the fourth quarter worth $48,066,000. Finally, Boston Partners boosted its position in Alliance Data Systems by 29.7% in the third quarter. Boston Partners now owns 867,299 shares of the company’s stock worth $186,061,000 after buying an additional 198,361 shares in the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.
Shares of Alliance Data Systems Co. (NYSE:ADS) opened at 245.01 on Friday. The firm has a 50-day moving average price of $237.29 and a 200-day moving average price of $223.83. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 33.38 and a beta of 1.65. Alliance Data Systems Co. has a 52-week low of $185.02 and a 52-week high of $251.19.
Alliance Data Systems (NYSE:ADS) last released its earnings results on Thursday, January 26th. The company reported $4.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.66 by $0.01. The firm earned $1.83 billion during the quarter, compared to analyst estimates of $1.94 billion. Alliance Data Systems had a return on equity of 54.59% and a net margin of 7.23%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.13 earnings per share. Analysts predict that Alliance Data Systems Co. will post $18.49 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Wednesday, February 15th were paid a $0.52 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $2.08 annualized dividend and a yield of 0.85%. Alliance Data Systems’s payout ratio is currently 28.42%.
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ADS has been the subject of a number of research analyst reports. TheStreet cut Alliance Data Systems from a “b-” rating to a “c” rating in a report on Thursday, January 26th. JPMorgan Chase & Co. cut Alliance Data Systems from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $260.00 to $255.00 in a report on Friday, December 9th. They noted that the move was a valuation call. Raymond James Financial, Inc. cut Alliance Data Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, January 26th. Barclays PLC restated a “buy” rating on shares of Alliance Data Systems in a report on Sunday, January 29th. Finally, Zacks Investment Research cut Alliance Data Systems from a “buy” rating to a “hold” rating in a report on Wednesday, January 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Alliance Data Systems currently has a consensus rating of “Hold” and a consensus price target of $239.09.
In other Alliance Data Systems news, insider Valueact Capital Master Fund, bought 57,400 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The stock was purchased at an average cost of $218.56 per share, for a total transaction of $12,545,344.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan A. Pearson sold 3,450 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $247.32, for a total value of $853,254.00. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 477,600 shares of company stock valued at $108,498,272 and sold 6,882 shares valued at $1,685,575. Corporate insiders own 2.50% of the company’s stock.
Alliance Data Systems Company Profile
Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. 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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