Alliance Data Systems Co. (ADS) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in Alliance Data Systems Co. (NYSE:ADS) by 23.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,878 shares of the business services provider’s stock after selling 1,167 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Alliance Data Systems were worth $916,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Morningstar Investment Services LLC increased its position in Alliance Data Systems by 27.3% in the 3rd quarter. Morningstar Investment Services LLC now owns 1,756 shares of the business services provider’s stock valued at $415,000 after buying an additional 377 shares in the last quarter. Piedmont Investment Advisors Inc. increased its holdings in Alliance Data Systems by 626.4% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 3,966 shares of the business services provider’s stock worth $937,000 after purchasing an additional 3,420 shares in the last quarter. Norinchukin Bank The increased its holdings in Alliance Data Systems by 11.5% during the 3rd quarter. Norinchukin Bank The now owns 6,077 shares of the business services provider’s stock worth $1,435,000 after purchasing an additional 626 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Alliance Data Systems by 212.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 837 shares of the business services provider’s stock worth $198,000 after purchasing an additional 569 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its holdings in Alliance Data Systems by 42.0% during the 3rd quarter. Commonwealth Bank of Australia now owns 5,409 shares of the business services provider’s stock worth $1,273,000 after purchasing an additional 1,600 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Valueact Capital Master Fund, sold 200,000 shares of the company’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 value of $39,720,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Holdings L.P. Valueact sold 125,000 shares of the company’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 value of $24,887,500.00. The disclosure for this sale can be found here. Insiders sold a total of 1,000,000 shares of company stock worth $199,607,500 in the last 90 days. Company insiders own 2.60% of the company’s stock.

Shares of NYSE ADS opened at $200.36 on Friday. Alliance Data Systems Co. has a twelve month low of $189.23 and a twelve month high of $278.33. The company has a market capitalization of $10.71 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 0.75 and a beta of 1.71. The company has a current ratio of 2.41, a quick ratio of 2.38 and a debt-to-equity ratio of 7.32.

Alliance Data Systems (NYSE:ADS) last announced its earnings results on Thursday, October 18th. The business services provider reported $6.26 earnings per share for the quarter, topping analysts’ consensus estimates of $6.19 by $0.07. Alliance Data Systems had a return on equity of 56.33% and a net margin of 12.11%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the business earned $5.35 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, analysts forecast that Alliance Data Systems Co. will post 21.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, November 14th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.14%. Alliance Data Systems’s payout ratio is presently 12.47%.

A number of brokerages have commented on ADS. Wells Fargo & Co decreased their price objective on Alliance Data Systems from $295.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 19th. Barclays began coverage on Alliance Data Systems in a report on Wednesday, November 14th. They set an “overweight” rating and a $254.00 price objective for the company. SunTrust Banks decreased their price objective on Alliance Data Systems to $250.00 and set a “buy” rating for the company in a report on Monday, November 19th. Bank of America began coverage on Alliance Data Systems in a report on Monday, September 17th. They set a “buy” rating and a $290.00 price objective for the company. Finally, TheStreet lowered Alliance Data Systems from a “b-” rating to a “c+” rating in a report on Monday, November 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Alliance Data Systems currently has a consensus rating of “Hold” and a consensus price target of $254.25.

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About Alliance Data Systems

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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Want to see what other hedge funds are holding ADS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliance Data Systems Co. (NYSE:ADS).

Institutional Ownership by Quarter for Alliance Data Systems (NYSE:ADS)

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