Great West Life Assurance Co. Can cut its holdings in shares of Alliance Data Systems Corporation (NYSE:ADS) by 4.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,622 shares of the business services provider’s stock after selling 1,590 shares during the period. Great West Life Assurance Co. Can owned approximately 0.07% of Alliance Data Systems worth $8,068,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of ADS. Acadian Asset Management LLC boosted its holdings in Alliance Data Systems by 11,600.0% in the 2nd quarter. Acadian Asset Management LLC now owns 585 shares of the business services provider’s stock worth $150,000 after buying an additional 580 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Alliance Data Systems by 12.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 4,418 shares of the business services provider’s stock worth $1,134,000 after buying an additional 482 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Alliance Data Systems by 892.9% in the 2nd quarter. Bessemer Group Inc. now owns 1,549 shares of the business services provider’s stock worth $397,000 after buying an additional 1,393 shares during the last quarter. Advisor Partners LLC boosted its holdings in Alliance Data Systems by 3.5% in the 2nd quarter. Advisor Partners LLC now owns 1,364 shares of the business services provider’s stock worth $350,000 after buying an additional 46 shares during the last quarter. Finally, Global X Management Co. LLC boosted its holdings in Alliance Data Systems by 11.1% in the 2nd quarter. Global X Management Co. LLC now owns 873 shares of the business services provider’s stock worth $224,000 after buying an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 95.22% of the company’s stock.
Several research firms recently issued reports on ADS. ValuEngine upgraded Alliance Data Systems from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Oppenheimer set a $208.00 price objective on Alliance Data Systems and gave the stock a “sell” rating in a report on Thursday, October 26th. SunTrust Banks reiterated a “buy” rating and issued a $310.00 price objective on shares of Alliance Data Systems in a report on Friday, October 20th. Credit Suisse Group reissued a “fair value” rating and issued a $232.44 target price (up from $174.00) on shares of Alliance Data Systems in a research note on Thursday, August 10th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $235.00 target price on shares of Alliance Data Systems in a research note on Wednesday, October 18th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Alliance Data Systems presently has an average rating of “Hold” and an average target price of $258.27.
Shares of Alliance Data Systems Corporation (ADS) opened at $229.86 on Thursday. The company has a market cap of $12,845.32, a P/E ratio of 13.81, a PEG ratio of 1.01 and a beta of 1.79. The company has a current ratio of 2.11, a quick ratio of 2.09 and a debt-to-equity ratio of 9.53. Alliance Data Systems Corporation has a 12-month low of $209.00 and a 12-month high of $266.25.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.80 by $0.55. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.97 billion. Alliance Data Systems had a net margin of 7.09% and a return on equity of 62.95%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.74 EPS. analysts forecast that Alliance Data Systems Corporation will post 17.12 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Monday, November 13th. Alliance Data Systems’s payout ratio is presently 22.06%.
In other news, CFO Charles L. Horn sold 2,128 shares of Alliance Data Systems stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $235.00, for a total transaction of $500,080.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.
Alliance Data Systems Profile
Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. 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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