BB&T Corp lowered its position in shares of Alliance Data Systems Co. (NYSE:ADS) by 12.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,703 shares of the business services provider’s stock after selling 1,847 shares during the quarter. BB&T Corp’s holdings in Alliance Data Systems were worth $3,220,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ETF Managers Group LLC acquired a new stake in Alliance Data Systems during the second quarter valued at approximately $128,000. WFG Advisors LP raised its stake in Alliance Data Systems by 135.9% during the second quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock valued at $174,000 after buying an additional 390 shares in the last quarter. FNY Managed Accounts LLC acquired a new stake in Alliance Data Systems during the fourth quarter valued at approximately $190,000. Cubic Asset Management LLC acquired a new stake in Alliance Data Systems during the fourth quarter valued at approximately $208,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of Alliance Data Systems during the fourth quarter valued at approximately $265,000. Hedge funds and other institutional investors own 94.87% of the company’s stock.
In related 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 value of $500,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.
Alliance Data Systems Co. (NYSE:ADS) opened at $249.91 on Friday. Alliance Data Systems Co. has a fifty-two week low of $209.00 and a fifty-two week high of $278.33. The stock has a market capitalization of $13,980.00, a P/E ratio of 17.69, a P/E/G ratio of 0.92 and a beta of 1.71. The company has a debt-to-equity ratio of 8.02, a current ratio of 1.91 and a quick ratio of 2.09.
Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings data on Thursday, January 25th. The business services provider reported $6.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.72 by $1.38. Alliance Data Systems had a return on equity of 66.17% and a net margin of 10.22%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the company posted $4.67 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. analysts anticipate that Alliance Data Systems Co. will post 21.49 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Wednesday, February 14th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.91%. This is a positive change from Alliance Data Systems’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, February 13th. Alliance Data Systems’s dividend payout ratio is 14.72%.
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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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