Advisor Group Holdings Inc. lowered its position in shares of Alliance Data Systems Co. (NYSE:ADS) by 10.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,276 shares of the business services provider’s stock after selling 856 shares during the period. Advisor Group Holdings Inc.’s holdings in Alliance Data Systems were worth $762,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new position in shares of Alliance Data Systems in the 1st quarter worth $26,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Alliance Data Systems in the first quarter worth $34,000. Credit Agricole S A purchased a new stake in Alliance Data Systems during the 1st quarter valued at $49,000. Eagle Bay Advisors LLC bought a new stake in Alliance Data Systems in the 2nd quarter worth $63,000. Finally, Captrust Financial Advisors boosted its holdings in shares of Alliance Data Systems by 949.5% during the first quarter. Captrust Financial Advisors now owns 1,102 shares of the business services provider’s stock worth $124,000 after purchasing an additional 997 shares during the period. 95.39% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on ADS. Morgan Stanley decreased their price objective on shares of Alliance Data Systems from $150.00 to $144.00 and set an “overweight” rating for the company in a report on Friday, July 30th. Bank of America upgraded Alliance Data Systems from a “neutral” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Tuesday, August 31st. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Alliance Data Systems in a report on Thursday, July 29th. Seaport Global Securities assumed coverage on shares of Alliance Data Systems in a report on Monday, August 30th. They set a “buy” rating and a $121.00 target price on the stock. Finally, lowered shares of Alliance Data Systems from a “buy” rating to a “neutral” rating and set a $130.00 price target for the company. in a research note on Friday, June 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $164.00.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings data on Wednesday, July 28th. The business services provider reported $5.99 earnings per share for the quarter, beating the consensus estimate of $3.74 by $2.25. Alliance Data Systems had a return on equity of 55.02% and a net margin of 16.56%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.05 billion. On average, research analysts expect that Alliance Data Systems Co. will post 17.31 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 17th. Stockholders of record on Friday, August 13th were given a $0.21 dividend. The ex-dividend date was Thursday, August 12th. This represents a $0.84 annualized dividend and a dividend yield of 0.87%. Alliance Data Systems’s payout ratio is presently 9.27%.
About Alliance Data Systems
Alliance Data Systems Corp. engages in the provision of data-driven and transaction-based marketing, customer loyalty and payment solutions. It operates through the following segments: LoyaltyOne, Epsilon and Card Services. The LoyaltyOne segment provides coalition and short-term loyalty programs. The Epsilon segment offers end-to-end, integrated marketing solutions.
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