Nomura Asset Management Co. Ltd. grew its stake in shares of Alliance Data Systems Co. (NYSE:ADS) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,750 shares of the business services provider’s stock after acquiring an additional 279 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Alliance Data Systems were worth $1,495,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Partners Capital Investment Group Holdings LLC purchased a new stake in shares of Alliance Data Systems during the 3rd quarter worth about $613,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Alliance Data Systems by 67.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 304,511 shares of the business services provider’s stock worth $67,748,000 after purchasing an additional 122,900 shares during the period. Engineers Gate Manager LP grew its holdings in shares of Alliance Data Systems by 239.3% during the 3rd quarter. Engineers Gate Manager LP now owns 14,628 shares of the business services provider’s stock worth $3,241,000 after purchasing an additional 10,317 shares during the period. Convergence Investment Partners LLC grew its holdings in shares of Alliance Data Systems by 15.6% during the 3rd quarter. Convergence Investment Partners LLC now owns 16,042 shares of the business services provider’s stock worth $3,554,000 after purchasing an additional 2,170 shares during the period. Finally, FDO Partners LLC purchased a new stake in shares of Alliance Data Systems during the 3rd quarter worth about $2,089,000. 95.35% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the company. BidaskClub cut Alliance Data Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. ValuEngine cut Alliance Data Systems from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods restated a “buy” rating and issued a $300.00 price target on shares of Alliance Data Systems in a report on Thursday, August 31st. KeyCorp restated a “hold” rating on shares of Alliance Data Systems in a report on Friday, August 25th. Finally, Credit Suisse Group restated a “sell” rating and issued a $174.00 price target on shares of Alliance Data Systems in a report on Thursday, August 17th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $258.50.
Alliance Data Systems (NYSE:ADS) last released its 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 company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Alliance Data Systems had a return on equity of 62.95% and a net margin of 7.09%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.74 EPS. sell-side analysts anticipate that Alliance Data Systems Co. will post 17.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 14th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Monday, November 13th. Alliance Data Systems’s dividend payout ratio (DPR) is currently 22.06%.
In other news, CFO Charles L. Horn sold 2,128 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $235.00, for a total transaction of $500,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.
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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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