Alliance Data Systems Co. (ADS) Shares Bought by Piedmont Investment Advisors Inc.
Piedmont Investment Advisors Inc. increased its stake in shares of Alliance Data Systems Co. (NYSE:ADS) by 626.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,966 shares of the business services provider’s stock after acquiring an additional 3,420 shares during the period. Piedmont Investment Advisors Inc.’s holdings in Alliance Data Systems were worth $937,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of ADS. Principal Financial Group Inc. raised its holdings in shares of Alliance Data Systems by 2.4% during the first quarter. Principal Financial Group Inc. now owns 75,909 shares of the business services provider’s stock worth $16,158,000 after acquiring an additional 1,786 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Alliance Data Systems by 121.8% during the first quarter. Allianz Asset Management GmbH now owns 5,979 shares of the business services provider’s stock worth $1,273,000 after acquiring an additional 3,283 shares during the period. Amalgamated Bank raised its holdings in shares of Alliance Data Systems by 5.7% during the second quarter. Amalgamated Bank now owns 7,509 shares of the business services provider’s stock worth $1,751,000 after acquiring an additional 407 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Alliance Data Systems by 29.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,192 shares of the business services provider’s stock worth $278,000 after acquiring an additional 274 shares during the period. Finally, Skylands Capital LLC raised its holdings in shares of Alliance Data Systems by 8.9% during the second quarter. Skylands Capital LLC now owns 22,150 shares of the business services provider’s stock worth $5,165,000 after acquiring an additional 1,810 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.
In other Alliance Data Systems news, insider Valueact Capital Master Fund, sold 675,000 shares of Alliance Data Systems stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $200.00, for a total value of $135,000,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by insiders.
Shares of ADS stock opened at $192.98 on Tuesday. The company has a current ratio of 2.41, a quick ratio of 2.38 and a debt-to-equity ratio of 7.32. Alliance Data Systems Co. has a 1 year low of $192.02 and a 1 year high of $278.33. The firm has a market capitalization of $10.79 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 0.75 and a beta of 1.71.
Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings results on Thursday, October 18th. The business services provider reported $6.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.19 by $0.07. Alliance Data Systems had a net margin of 12.11% and a return on equity of 56.33%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the business earned $5.35 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. Research analysts expect that Alliance Data Systems Co. will post 21.53 EPS for the current year.
Alliance Data Systems declared that its Board of Directors has approved a share repurchase plan on Monday, July 30th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to buy up to 4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, November 14th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $2.28 annualized dividend and a yield of 1.18%. Alliance Data Systems’s payout ratio is currently 12.47%.
Alliance Data Systems 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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