Tokio Marine Asset Management Co. Ltd. Sells 2,978 Shares of Alliance Data Systems Co. (ADS)
Tokio Marine Asset Management Co. Ltd. decreased its position in Alliance Data Systems Co. (NYSE:ADS) by 28.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,350 shares of the business services provider’s stock after selling 2,978 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Alliance Data Systems were worth $1,863,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Alliance Data Systems by 516.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 493 shares of the business services provider’s stock worth $125,000 after buying an additional 413 shares during the period. WFG Advisors LP raised its stake in shares of Alliance Data Systems by 135.9% in the second quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock worth $174,000 after buying an additional 390 shares during the period. FNY Managed Accounts LLC bought a new position in shares of Alliance Data Systems in the fourth quarter worth about $190,000. Cubic Asset Management LLC bought a new position in shares of Alliance Data Systems in the fourth quarter worth about $208,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of Alliance Data Systems in the fourth quarter worth about $265,000. 94.82% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on the company. Barclays decreased their price objective on Alliance Data Systems from $310.00 to $298.00 and set an “overweight” rating on the stock in a research note on Friday, January 26th. BMO Capital Markets decreased their price objective on Alliance Data Systems to $250.00 and set a “market perform” rating on the stock in a research note on Friday, January 26th. Cowen downgraded Alliance Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, January 29th. JMP Securities raised their price objective on Alliance Data Systems from $285.00 to $310.00 and gave the stock a “market outperform” rating in a research note on Friday, January 26th. Finally, Zacks Investment Research raised Alliance Data Systems from a “hold” rating to a “buy” rating and set a $283.00 price objective on the stock in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $276.44.
Alliance Data Systems (NYSE:ADS) last released its earnings results on Thursday, January 25th. The business services provider reported $6.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.72 by $1.38. Alliance Data Systems had a return on equity of 66.17% and a net margin of 10.22%. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter last year, the business posted $4.67 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. analysts forecast that Alliance Data Systems Co. will post 21.49 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Wednesday, February 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $2.28 annualized dividend and a dividend yield of 0.92%. This is a boost from Alliance Data Systems’s previous quarterly dividend of $0.52. Alliance Data Systems’s dividend payout ratio (DPR) is currently 14.72%.
In related news, CFO Charles L. Horn sold 2,128 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $235.00, for a total transaction of $500,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company’s stock.
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About Alliance Data Systems
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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