Brown Advisory Inc. lifted its stake in Alliance Data Systems Co. (NYSE:ADS) by 35.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,530 shares of the business services provider’s stock after acquiring an additional 400 shares during the quarter. Brown Advisory Inc.’s holdings in Alliance Data Systems were worth $339,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Fiduciary Trust Co. purchased a new stake in Alliance Data Systems during the 2nd quarter worth approximately $108,000. ETF Managers Group LLC purchased a new stake in Alliance Data Systems during the 2nd quarter worth approximately $128,000. Acadian Asset Management LLC increased its stake in Alliance Data Systems by 11,600.0% during 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 period. Paradigm Asset Management Co. LLC increased its stake in Alliance Data Systems by 8.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 650 shares of the business services provider’s stock worth $167,000 after buying an additional 50 shares during the period. Finally, WFG Advisors LP increased its stake in Alliance Data Systems by 135.9% during the 2nd quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock worth $174,000 after buying an additional 390 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.
In related news, CFO Charles L. Horn sold 2,128 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $235.00, for a total transaction of $500,080.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is owned by corporate insiders.
Shares of Alliance Data Systems Co. (NYSE:ADS) opened at $234.28 on Tuesday. The firm has a market cap of $12,875.70, a price-to-earnings ratio of 13.85, a P/E/G ratio of 1.01 and a beta of 1.79. The company has a debt-to-equity ratio of 9.53, a quick ratio of 2.09 and a current ratio of 2.11. Alliance Data Systems Co. has a 52 week low of $209.00 and a 52 week high of $266.25.
Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.80 by $0.55. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Alliance Data Systems had a net margin of 7.09% and a return on equity of 62.95%. Alliance Data Systems’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.74 EPS. analysts forecast that Alliance Data Systems Co. will post 17.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Monday, November 13th. Alliance Data Systems’s dividend payout ratio is currently 22.06%.
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About Alliance Data Systems
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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