Parkwood LLC boosted its stake in Alliance Data Systems Co. (NYSE:ADS) by 13.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,811 shares of the business services provider’s stock after acquiring an additional 5,872 shares during the period. Alliance Data Systems accounts for about 2.0% of Parkwood LLC’s holdings, making the stock its 13th biggest position. Parkwood LLC owned about 0.09% of Alliance Data Systems worth $11,763,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. ValueAct Holdings L.P. increased its stake in shares of Alliance Data Systems by 3.5% in the second quarter. ValueAct Holdings L.P. now owns 6,082,646 shares of the business services provider’s stock worth $1,418,473,000 after purchasing an additional 205,246 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Alliance Data Systems during the third quarter valued at approximately $2,536,000. IFM Investors Pty Ltd grew its stake in Alliance Data Systems by 16.5% during the third quarter. IFM Investors Pty Ltd now owns 2,722 shares of the business services provider’s stock valued at $643,000 after acquiring an additional 385 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Alliance Data Systems by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 258,065 shares of the business services provider’s stock valued at $60,186,000 after acquiring an additional 8,800 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in Alliance Data Systems by 142.8% during the second quarter. Schroder Investment Management Group now owns 84,743 shares of the business services provider’s stock valued at $19,962,000 after acquiring an additional 49,845 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on ADS. SunTrust Banks reduced their price objective on shares of Alliance Data Systems to $250.00 and set a “buy” rating for the company in a research note on Monday, November 19th. Barclays began coverage on shares of Alliance Data Systems in a research note on Wednesday, November 14th. They set an “overweight” rating and a $254.00 price objective for the company. Stephens set a $247.00 price objective on shares of Alliance Data Systems and gave the company a “hold” rating in a research note on Monday, November 12th. ValuEngine cut shares of Alliance Data Systems from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Finally, Wells Fargo & Co reduced their price objective on shares of Alliance Data Systems from $295.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $257.21.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings results on Thursday, October 18th. The business services provider reported $6.26 EPS for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the company earned $5.35 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts forecast that Alliance Data Systems Co. will post 21.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, November 14th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $2.28 dividend on an annualized basis and a yield of 1.17%. Alliance Data Systems’s dividend payout ratio is presently 12.47%.
Alliance Data Systems announced that its Board of Directors has authorized a share buyback program on Monday, July 30th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the business services provider to purchase up to 4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
In other Alliance Data Systems news, insider Valueact Capital Master Fund, sold 675,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $200.00, for a total value of $135,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by insiders.
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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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