BlackRock Inc. Raises Position in Alliance Data (ADS)

BlackRock Inc. increased its holdings in Alliance Data (NYSE:ADS) by 1.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,115,441 shares of the business services provider’s stock after buying an additional 55,274 shares during the period. BlackRock Inc. owned 0.06% of Alliance Data worth $663,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Dean Investment Associates LLC increased its holdings in Alliance Data by 10.5% in the 1st quarter. Dean Investment Associates LLC now owns 17,751 shares of the business services provider’s stock worth $3,779,000 after buying an additional 1,688 shares during the period. Tredje AP fonden grew its stake in shares of Alliance Data by 8.8% during the 1st quarter. Tredje AP fonden now owns 4,570 shares of the business services provider’s stock worth $973,000 after purchasing an additional 370 shares during the period. Korea Investment CORP grew its stake in shares of Alliance Data by 347.6% during the 1st quarter. Korea Investment CORP now owns 31,281 shares of the business services provider’s stock worth $6,658,000 after purchasing an additional 24,293 shares during the period. US Bancorp DE grew its stake in shares of Alliance Data by 2.0% during the 1st quarter. US Bancorp DE now owns 19,392 shares of the business services provider’s stock worth $4,128,000 after purchasing an additional 382 shares during the period. Finally, ING Groep NV grew its stake in shares of Alliance Data by 21.6% during the 1st quarter. ING Groep NV now owns 2,030 shares of the business services provider’s stock worth $432,000 after purchasing an additional 360 shares during the period. Institutional investors own 95.22% of the company’s stock.

Alliance Data opened at $210.82 on Friday, Marketbeat Ratings reports. Alliance Data has a 1 year low of $192.02 and a 1 year high of $278.33. The firm has a market capitalization of $11.63 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.57 and a beta of 1.76. The company has a debt-to-equity ratio of 7.86, a quick ratio of 2.11 and a current ratio of 2.14.

Alliance Data (NYSE:ADS) last released its quarterly earnings results on Thursday, April 19th. The business services provider reported $4.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.98 by $0.46. Alliance Data had a net margin of 10.44% and a return on equity of 61.30%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the company earned $3.91 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. analysts forecast that Alliance Data will post 21.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 19th. Shareholders of record on Monday, May 14th will be issued 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 1.08%. Alliance Data’s payout ratio is currently 12.47%.

A number of brokerages have recently commented on ADS. Edward Jones raised shares of Alliance Data from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Zacks Investment Research cut shares of Alliance Data from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Buckingham Research began coverage on shares of Alliance Data in a research note on Wednesday, March 14th. They set a “neutral” rating and a $250.00 price objective on the stock. Credit Suisse Group reaffirmed a “hold” rating and set a $218.00 price objective on shares of Alliance Data in a research note on Wednesday, March 14th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Alliance Data in a research note on Thursday, March 29th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $265.83.

In other news, insider Valueact Capital Master Fund, acquired 2,646 shares of the firm’s stock in a transaction on Tuesday, May 15th. The shares were bought at an average price of $205.00 per share, for a total transaction of $542,430.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Holdings L.P. Valueact acquired 125,000 shares of the firm’s stock in a transaction on Tuesday, May 8th. The stock was purchased at an average price of $201.27 per share, for a total transaction of $25,158,750.00. The disclosure for this purchase can be found here. Insiders acquired a total of 330,246 shares of company stock worth $66,585,860 in the last 90 days. 2.60% of the stock is currently owned by insiders.

Alliance Data 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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Institutional Ownership by Quarter for Alliance Data (NYSE:ADS)

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