Alliance Data (ADS) Holdings Trimmed by HM Payson & Co.
HM Payson & Co. reduced its position in shares of Alliance Data (NYSE:ADS) by 9.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 11,764 shares of the business services provider’s stock after selling 1,170 shares during the quarter. HM Payson & Co.’s holdings in Alliance Data were worth $2,504,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ADS. Centaurus Financial Inc. bought a new position in shares of Alliance Data during the 1st quarter valued at approximately $106,000. Northwestern Mutual Wealth Management Co. raised its holdings in Alliance Data by 516.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 493 shares of the business services provider’s stock valued at $125,000 after buying an additional 413 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Alliance Data during the 4th quarter valued at $152,000. Groesbeck Investment Management Corp NJ purchased a new stake in Alliance Data during the 4th quarter valued at $208,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Alliance Data during the 1st quarter valued at $208,000. Hedge funds and other institutional investors own 94.23% of the company’s stock.
In other news, insider Valueact Capital Master Fund, purchased 2,646 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were acquired at an average price of $205.00 per share, with a total value of $542,430.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Holdings L.P. Valueact purchased 125,000 shares of the company’s stock in a transaction dated Tuesday, May 8th. The shares were purchased at an average cost of $201.27 per share, for a total transaction of $25,158,750.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 330,246 shares of company stock worth $66,585,860. Insiders own 2.60% of the company’s stock.
Alliance Data (NYSE:ADS) last released its earnings results on Thursday, April 19th. The business services provider reported $4.44 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.46. Alliance Data had a return on equity of 61.30% and a net margin of 10.44%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm posted $3.91 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. sell-side analysts predict that Alliance Data will post 21.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 19th. Shareholders of record on Monday, May 14th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, May 11th. This represents a $2.28 dividend on an annualized basis and a yield of 1.03%. Alliance Data’s payout ratio is 12.47%.
Several research firms recently weighed in on ADS. Edward Jones upgraded Alliance Data from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Zacks Investment Research lowered Alliance Data from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Buckingham Research began coverage on Alliance Data in a report on Wednesday, March 14th. They set a “neutral” rating and a $250.00 price target on the stock. Credit Suisse Group restated a “hold” rating and set a $218.00 price target on shares of Alliance Data in a report on Wednesday, March 14th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Alliance Data in a report on Thursday, March 29th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $265.83.
About Alliance Data
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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