Alliance Data Systems Co. (ADS) Holdings Lifted by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. boosted its position in shares of Alliance Data Systems Co. (NYSE:ADS) by 91.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,170 shares of the business services provider’s stock after buying an additional 3,427 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Alliance Data Systems were worth $1,076,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in Alliance Data Systems during the fourth quarter worth $47,000. Meeder Asset Management Inc. purchased a new stake in shares of Alliance Data Systems during the fourth quarter valued at $56,000. Cerebellum GP LLC purchased a new stake in shares of Alliance Data Systems during the fourth quarter valued at $70,000. Advisors Asset Management Inc. boosted its stake in shares of Alliance Data Systems by 59.1% during the fourth quarter. Advisors Asset Management Inc. now owns 506 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 188 shares during the period. Finally, Jacobi Capital Management LLC purchased a new stake in shares of Alliance Data Systems during the third quarter valued at $127,000. 96.48% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on ADS. Deutsche Bank set a $188.00 target price on shares of Alliance Data Systems and gave the company a “buy” rating in a research note on Friday. Stephens set a $188.00 target price on shares of Alliance Data Systems and gave the company a “hold” rating in a research note on Friday. Robert W. Baird lowered shares of Alliance Data Systems from an “outperform” rating to a “neutral” rating and set a $171.00 target price for the company. in a research note on Friday. Zacks Investment Research lowered shares of Alliance Data Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Finally, Morgan Stanley lowered shares of Alliance Data Systems from an “equal weight” rating to an “underweight” rating in a research note on Thursday, January 24th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $239.58.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings data on Thursday, February 7th. The business services provider reported $7.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.78 by $0.26. Alliance Data Systems had a net margin of 12.36% and a return on equity of 54.62%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the firm earned $6.26 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. Analysts predict that Alliance Data Systems Co. will post 23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Thursday, February 21st will be paid a $0.63 dividend. The ex-dividend date is Wednesday, February 20th. This is a positive change from Alliance Data Systems’s previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a yield of 1.53%. Alliance Data Systems’s dividend payout ratio is 10.58%.
In other Alliance Data Systems news, Director Holdings L.P. Valueact sold 125,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $199.10, for a total value of $24,887,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Valueact Capital Master Fund, sold 200,000 shares of the business’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $198.60, for a total transaction of $39,720,000.00. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
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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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