Ingalls & Snyder LLC boosted its stake in Alliance Data Systems Co. (NYSE:ADS) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,081 shares of the business services provider’s stock after purchasing an additional 497 shares during the period. Ingalls & Snyder LLC’s holdings in Alliance Data Systems were worth $3,514,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its stake in Alliance Data Systems by 21.9% in the fourth quarter. FMR LLC now owns 3,282,264 shares of the business services provider’s stock valued at $492,601,000 after purchasing an additional 588,956 shares in the last quarter. Norges Bank acquired a new position in Alliance Data Systems during the 4th quarter valued at about $78,469,000. Boston Partners increased its position in Alliance Data Systems by 26.5% during the 4th quarter. Boston Partners now owns 1,286,032 shares of the business services provider’s stock valued at $193,008,000 after buying an additional 269,436 shares in the last quarter. Morgan Stanley increased its position in Alliance Data Systems by 116.4% during the 3rd quarter. Morgan Stanley now owns 279,689 shares of the business services provider’s stock valued at $66,052,000 after buying an additional 150,435 shares in the last quarter. Finally, BlackRock Inc. increased its position in Alliance Data Systems by 4.3% during the 4th quarter. BlackRock Inc. now owns 3,265,413 shares of the business services provider’s stock valued at $490,074,000 after buying an additional 133,870 shares in the last quarter. Hedge funds and other institutional investors own 93.47% of the company’s stock.
Several research analysts recently issued reports on ADS shares. Wolfe Research lowered Alliance Data Systems from an “outperform” rating to a “market perform” rating in a research report on Friday, January 4th. Robert W. Baird downgraded Alliance Data Systems from an “outperform” rating to a “neutral” rating and set a $171.00 price target for the company. in a report on Friday, February 8th. Deutsche Bank set a $188.00 price objective on Alliance Data Systems and gave the stock a “buy” rating in a report on Friday, February 8th. Stephens set a $188.00 target price on Alliance Data Systems and gave the stock a “hold” rating in a research report on Friday, February 8th. Finally, Zacks Investment Research cut Alliance Data Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $232.07.
Alliance Data Systems (NYSE:ADS) last released its earnings results on Thursday, February 7th. The business services provider reported $7.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.78 by $0.26. Alliance Data Systems had a return on equity of 54.62% and a net margin of 12.36%. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the firm posted $6.26 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Equities analysts forecast that Alliance Data Systems Co. will post 20.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Thursday, February 21st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Wednesday, February 20th. This is a positive change from Alliance Data Systems’s previous quarterly dividend of $0.57. Alliance Data Systems’s dividend payout ratio is currently 11.69%.
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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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