Jacobi Capital Management LLC purchased a new position in shares of Alliance Data Systems Co. (NYSE:ADS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 539 shares of the business services provider’s stock, valued at approximately $127,000.
A number of other large investors have also modified their holdings of ADS. Davidson Investment Advisors increased its stake in shares of Alliance Data Systems by 2.6% during the third quarter. Davidson Investment Advisors now owns 52,134 shares of the business services provider’s stock worth $12,312,000 after buying an additional 1,329 shares during the period. Global Endowment Management LP increased its stake in shares of Alliance Data Systems by 20.3% during the third quarter. Global Endowment Management LP now owns 2,370 shares of the business services provider’s stock worth $559,000 after buying an additional 400 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Alliance Data Systems during the third quarter worth approximately $2,536,000. Cadence Capital Management LLC purchased a new stake in shares of Alliance Data Systems during the third quarter worth approximately $227,000. Finally, ValueAct Holdings L.P. increased its stake in shares of Alliance Data Systems by 3.5% during 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 buying an additional 205,246 shares during the period. Institutional investors own 91.70% of the company’s stock.
A number of research firms recently weighed in on ADS. Deutsche Bank set a $253.00 target price on shares of Alliance Data Systems and gave the stock a “buy” rating in a research note on Thursday, September 20th. Stephens lowered shares of Alliance Data Systems from an “overweight” rating to an “equal” rating and set a $288.00 target price on the stock. in a research note on Monday, September 17th. They noted that the move was a valuation call. Bank of America assumed coverage on shares of Alliance Data Systems in a research note on Monday, September 17th. They issued a “buy” rating and a $290.00 price target on the stock. Oppenheimer reiterated a “hold” rating on shares of Alliance Data Systems in a research note on Friday, October 5th. Finally, ValuEngine upgraded shares of Alliance Data Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $254.25.
Shares of Alliance Data Systems stock opened at $180.44 on Friday. The company has a market capitalization of $10.19 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 0.71 and a beta of 1.70. Alliance Data Systems Co. has a 52 week low of $178.91 and a 52 week high of $278.33. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.38 and a current ratio of 2.41.
Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings results on Thursday, October 18th. The business services provider reported $6.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $6.19 by $0.07. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.03 billion. Alliance Data Systems had a net margin of 12.11% and a return on equity of 56.33%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.35 earnings per share. Analysts anticipate that Alliance Data Systems Co. will post 21.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, November 14th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, November 13th. Alliance Data Systems’s payout ratio is currently 12.47%.
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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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