Blair William & Co. IL raised its holdings in Alliance Data Systems Co. (NYSE:ADS) by 9.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,731 shares of the business services provider’s stock after purchasing an additional 3,851 shares during the period. Blair William & Co. IL owned approximately 0.08% of Alliance Data Systems worth $10,091,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ValueAct Holdings L.P. raised its position in shares of Alliance Data Systems by 3.5% in the 2nd quarter. ValueAct Holdings L.P. now owns 6,082,646 shares of the business services provider’s stock valued at $1,418,473,000 after buying an additional 205,246 shares in the last quarter. BlackRock Inc. raised its position in shares of Alliance Data Systems by 1.6% in the 2nd quarter. BlackRock Inc. now owns 3,164,367 shares of the business services provider’s stock valued at $737,931,000 after buying an additional 48,926 shares in the last quarter. FMR LLC raised its position in shares of Alliance Data Systems by 3.8% in the 3rd quarter. FMR LLC now owns 2,693,308 shares of the business services provider’s stock valued at $636,051,000 after buying an additional 97,717 shares in the last quarter. Parnassus Investments CA raised its position in shares of Alliance Data Systems by 42.3% in the 2nd quarter. Parnassus Investments CA now owns 1,245,000 shares of the business services provider’s stock valued at $290,334,000 after buying an additional 370,000 shares in the last quarter. Finally, Waddell & Reed Financial Inc. raised its position in shares of Alliance Data Systems by 83.4% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 729,218 shares of the business services provider’s stock valued at $170,054,000 after buying an additional 331,500 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.
In other Alliance Data Systems news, Director Holdings L.P. Valueact sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $199.10, for a total transaction of $24,887,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Valueact Capital Master Fund, sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $198.60, for a total transaction of $39,720,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,000,000 shares of company stock valued at $199,607,500. 2.60% of the stock is owned by corporate insiders.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings data on Thursday, October 18th. The business services provider reported $6.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $6.19 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Alliance Data Systems had a net margin of 12.11% and a return on equity of 56.33%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $5.35 EPS. As a group, research analysts expect that Alliance Data Systems Co. will post 21.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, November 14th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, November 13th. Alliance Data Systems’s dividend payout ratio is 12.47%.
Several equities analysts have recently commented on ADS shares. Wells Fargo & Co dropped their target price on shares of Alliance Data Systems from $295.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. Oppenheimer restated a “hold” rating on shares of Alliance Data Systems in a research report on Friday, October 19th. Bank of America started coverage on shares of Alliance Data Systems in a research report on Monday, September 17th. They issued a “buy” rating and a $290.00 target price for the company. TheStreet cut shares of Alliance Data Systems from a “b-” rating to a “c+” rating in a research report on Monday, November 26th. Finally, Stephens set a $247.00 target price on shares of Alliance Data Systems and gave the company a “hold” rating in a research report on Monday, November 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $254.25.
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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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