Alliance Data Systems Co. (NYSE:ADS) insider Valueact Capital Master Fund, sold 675,000 shares of Alliance Data Systems stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $200.00, for a total transaction of $135,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
ADS stock traded up $0.09 during midday trading on Thursday, reaching $212.92. 312,200 shares of the company’s stock traded hands, compared to its average volume of 588,512. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.10 and a quick ratio of 2.12. Alliance Data Systems Co. has a 52 week low of $192.02 and a 52 week high of $278.33. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.79 and a beta of 1.71.
Alliance Data Systems (NYSE:ADS) last issued its earnings results on Thursday, October 18th. The business services provider reported $6.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the firm posted $5.35 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Alliance Data Systems Co. will post 21.53 EPS for the current year.
Alliance Data Systems declared that its board has approved a share repurchase plan on Monday, July 30th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
ADS has been the topic of a number of research reports. ValuEngine raised shares of Alliance Data Systems from a “strong sell” rating to a “sell” rating in a report on Thursday, July 12th. Wolfe Research initiated coverage on shares of Alliance Data Systems in a report on Tuesday, July 17th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Alliance Data Systems in a report on Wednesday, July 18th. Oppenheimer reaffirmed a “hold” rating on shares of Alliance Data Systems in a report on Thursday, July 19th. Finally, Stephens reaffirmed a “buy” rating and issued a $288.00 price target on shares of Alliance Data Systems in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $262.74.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ADS. FMR LLC grew its position in shares of Alliance Data Systems by 45.3% during the 2nd quarter. FMR LLC now owns 2,595,591 shares of the business services provider’s stock valued at $605,293,000 after purchasing an additional 809,427 shares in the last quarter. Parnassus Investments CA grew its position in shares of Alliance Data Systems by 42.3% during the 2nd quarter. Parnassus Investments CA now owns 1,245,000 shares of the business services provider’s stock valued at $290,334,000 after purchasing an additional 370,000 shares in the last quarter. Waddell & Reed Financial Inc. grew its position in shares of Alliance Data Systems by 83.4% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 729,218 shares of the business services provider’s stock valued at $170,054,000 after purchasing an additional 331,500 shares in the last quarter. Nomura Holdings Inc. grew its position in shares of Alliance Data Systems by 4,390.2% during the 2nd quarter. Nomura Holdings Inc. now owns 247,993 shares of the business services provider’s stock valued at $57,831,000 after purchasing an additional 242,470 shares in the last quarter. Finally, ValueAct Holdings L.P. grew its position in shares of Alliance Data Systems by 3.5% during the 2nd quarter. ValueAct Holdings L.P. now owns 6,082,646 shares of the business services provider’s stock valued at $1,418,473,000 after purchasing an additional 205,246 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.
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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