Personal Capital Advisors Corp reduced its holdings in Alliance Data Systems Co. (NYSE:ADS) by 24.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,676 shares of the business services provider’s stock after selling 5,583 shares during the quarter. Personal Capital Advisors Corp’s holdings in Alliance Data Systems were worth $2,653,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in ADS. FMR LLC increased its holdings in shares of Alliance Data Systems by 45.3% in the second quarter. FMR LLC now owns 2,595,591 shares of the business services provider’s stock worth $605,293,000 after acquiring an additional 809,427 shares in the last quarter. Morgan Stanley increased its holdings in shares of Alliance Data Systems by 116.4% in the third quarter. Morgan Stanley now owns 279,689 shares of the business services provider’s stock worth $66,052,000 after acquiring an additional 150,435 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Alliance Data Systems by 30.2% in the third quarter. Bank of New York Mellon Corp now owns 533,241 shares of the business services provider’s stock worth $125,931,000 after acquiring an additional 123,748 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Alliance Data Systems by 3,322.7% in the third quarter. Acadian Asset Management LLC now owns 110,141 shares of the business services provider’s stock worth $26,008,000 after acquiring an additional 106,923 shares in the last quarter. Finally, NorthCoast Asset Management LLC bought a new stake in shares of Alliance Data Systems in the third quarter worth about $19,164,000. Institutional investors own 91.42% of the company’s stock.
In other news, Director Holdings L.P. Valueact sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $199.10, for a total value of $24,887,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Valueact Capital Master Fund, sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $198.60, for a total value of $39,720,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,000,000 shares of company stock valued at $199,607,500. Corporate insiders own 2.60% of the company’s stock.
A number of research analysts recently issued reports on ADS shares. Stephens set a $227.00 price objective on Alliance Data Systems and gave the stock an “equal weight” rating in a report on Tuesday, November 27th. Oppenheimer reiterated a “hold” rating on shares of Alliance Data Systems in a report on Friday, October 19th. Wolfe Research downgraded Alliance Data Systems from an “outperform” rating to a “market perform” rating in a report on Friday, January 4th. BMO Capital Markets upgraded Alliance Data Systems from a “market perform” rating to an “outperform” rating and set a $240.00 price objective for the company in a report on Monday, December 10th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Alliance Data Systems from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $246.74.
ADS stock opened at $169.69 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.41 and a debt-to-equity ratio of 7.32. The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 0.58 and a beta of 1.82. Alliance Data Systems Co. has a twelve month low of $142.58 and a twelve month high of $262.75.
Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings results on Thursday, October 18th. The business services provider reported $6.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $6.19 by $0.07. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. Alliance Data Systems had a return on equity of 56.33% and a net margin of 12.11%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $5.35 earnings per share. On average, research analysts predict that Alliance Data Systems Co. will post 21.53 earnings per share for the current fiscal year.
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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