RiverPark Advisors LLC increased its position in Alliance Data Systems Corporation (NYSE:ADS) by 11.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,900 shares of the business services provider’s stock after purchasing an additional 2,280 shares during the quarter. Alliance Data Systems makes up about 0.7% of RiverPark Advisors LLC’s portfolio, making the stock its 22nd biggest position. RiverPark Advisors LLC’s holdings in Alliance Data Systems were worth $5,074,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in ADS. Vanguard Group Inc. boosted its position in Alliance Data Systems by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,353,265 shares of the business services provider’s stock valued at $1,374,130,000 after acquiring an additional 43,960 shares in the last quarter. Edgewood Management LLC boosted its position in Alliance Data Systems by 1.1% during the 3rd quarter. Edgewood Management LLC now owns 2,900,220 shares of the business services provider’s stock valued at $642,544,000 after acquiring an additional 30,560 shares in the last quarter. Northern Trust Corp boosted its position in Alliance Data Systems by 41.3% during the 2nd quarter. Northern Trust Corp now owns 1,308,680 shares of the business services provider’s stock valued at $335,925,000 after acquiring an additional 382,814 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its position in Alliance Data Systems by 8.1% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 769,200 shares of the business services provider’s stock valued at $197,446,000 after acquiring an additional 57,481 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in Alliance Data Systems by 2.9% during the 2nd quarter. TimesSquare Capital Management LLC now owns 676,889 shares of the business services provider’s stock valued at $173,751,000 after acquiring an additional 18,922 shares in the last quarter. 95.22% of the stock is currently owned by institutional investors.
Several analysts have issued reports on the company. KeyCorp reaffirmed a “hold” rating on shares of Alliance Data Systems in a research report on Friday, August 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $235.00 target price on shares of Alliance Data Systems in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $300.00 target price on shares of Alliance Data Systems in a research report on Friday, October 6th. Credit Suisse Group reaffirmed a “sell” rating and set a $174.00 target price on shares of Alliance Data Systems in a research report on Thursday, August 17th. Finally, Oppenheimer set a $208.00 target price on Alliance Data Systems and gave the company a “sell” rating in a research report on Thursday, October 26th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Alliance Data Systems has a consensus rating of “Hold” and a consensus price target of $258.27.
Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings data on Thursday, October 19th. The business services provider reported $5.35 EPS for the quarter, beating the consensus estimate of $4.80 by $0.55. Alliance Data Systems had a return on equity of 62.95% and a net margin of 7.09%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the business posted $4.74 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts expect that Alliance Data Systems Corporation will post 17.12 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.52 per share. The ex-dividend date is Monday, November 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.90%. Alliance Data Systems’s dividend payout ratio is presently 22.06%.
In other news, CFO Charles L. Horn sold 2,128 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $235.00, for a total transaction of $500,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.60% of the company’s stock.
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Alliance Data Systems 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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