Advisors Asset Management Inc. cut its position in shares of Alliance Data Systems Corp. (NYSE:ADS) by 20.4% during the second quarter, Holdings Channel reports. The institutional investor owned 786 shares of the company’s stock after selling 202 shares during the period. Advisors Asset Management Inc.’s holdings in Alliance Data Systems Corp. were worth $154,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of ADS. First Quadrant L P CA acquired a new stake in Alliance Data Systems Corp. during the second quarter worth approximately $862,000. Bank of Montreal Can acquired a new stake in Alliance Data Systems Corp. during the second quarter worth approximately $130,349,000. Renaissance Technologies LLC increased its stake in Alliance Data Systems Corp. by 395.6% in the first quarter. Renaissance Technologies LLC now owns 245,542 shares of the company’s stock worth $54,019,000 after buying an additional 196,000 shares in the last quarter. TD Asset Management Inc. increased its stake in Alliance Data Systems Corp. by 2.6% in the second quarter. TD Asset Management Inc. now owns 26,146 shares of the company’s stock worth $5,123,000 after buying an additional 670 shares in the last quarter. Finally, Commonwealth Equity Services Inc increased its stake in Alliance Data Systems Corp. by 31.1% in the second quarter. Commonwealth Equity Services Inc now owns 1,999 shares of the company’s stock worth $392,000 after buying an additional 474 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.
Shares of Alliance Data Systems Corp. (NYSE:ADS) traded down 2.05% during mid-day trading on Friday, reaching $209.66. 149,979 shares of the company’s stock traded hands. The stock has a market cap of $12.27 billion, a PE ratio of 26.10 and a beta of 1.51. Alliance Data Systems Corp. has a 12 month low of $176.63 and a 12 month high of $303.75. The firm has a 50 day moving average price of $210.30 and a 200-day moving average price of $211.09.
Alliance Data Systems Corp. (NYSE:ADS) last announced its quarterly earnings results on Thursday, July 21st. The company reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.64 billion. Alliance Data Systems Corp. had a net margin of 8.85% and a return on equity of 47.99%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.32 EPS. On average, analysts predict that Alliance Data Systems Corp. will post $16.88 earnings per share for the current fiscal year.
A number of equities research analysts have commented on ADS shares. Zacks Investment Research downgraded Alliance Data Systems Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st. JMP Securities reiterated a “buy” rating on shares of Alliance Data Systems Corp. in a report on Tuesday. Atlantic Securities started coverage on Alliance Data Systems Corp. in a report on Wednesday. They issued an “overweight” rating and a $270.00 price objective on the stock. Credit Suisse Group AG downgraded Alliance Data Systems Corp. from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $233.00 to $290.00 in a report on Wednesday, August 17th. Finally, Vetr upgraded Alliance Data Systems Corp. from a “buy” rating to a “strong-buy” rating and set a $248.36 price objective on the stock in a report on Monday, June 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $268.43.
Alliance Data Systems Corp. Company Profile
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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