Arizona State Retirement System raised its holdings in Alliance Data Systems Co. (NYSE:ADS) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,416 shares of the business services provider’s stock after acquiring an additional 1,080 shares during the quarter. Arizona State Retirement System’s holdings in Alliance Data Systems were worth $4,922,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Atlanta Capital Management Co. L L C lifted its holdings in Alliance Data Systems by 3.7% in the third quarter. Atlanta Capital Management Co. L L C now owns 140,187 shares of the business services provider’s stock valued at $31,059,000 after acquiring an additional 4,980 shares during the period. Court Place Advisors LLC lifted its holdings in Alliance Data Systems by 6.9% in the third quarter. Court Place Advisors LLC now owns 11,013 shares of the business services provider’s stock valued at $2,440,000 after acquiring an additional 715 shares during the period. Macquarie Group Ltd. lifted its holdings in Alliance Data Systems by 1,310.0% in the second quarter. Macquarie Group Ltd. now owns 1,410 shares of the business services provider’s stock valued at $362,000 after acquiring an additional 1,310 shares during the period. Dupont Capital Management Corp lifted its holdings in Alliance Data Systems by 33.6% in the third quarter. Dupont Capital Management Corp now owns 14,833 shares of the business services provider’s stock valued at $3,286,000 after acquiring an additional 3,733 shares during the period. Finally, Convergence Investment Partners LLC lifted its holdings in Alliance Data Systems by 9.0% in the fourth quarter. Convergence Investment Partners LLC now owns 17,480 shares of the business services provider’s stock valued at $4,431,000 after acquiring an additional 1,438 shares during the period. 94.00% of the stock is owned by institutional investors.
A number of equities research analysts have commented on ADS shares. Zacks Investment Research raised Alliance Data Systems from a “hold” rating to a “buy” rating and set a $296.00 target price for the company in a report on Friday, January 5th. Royal Bank of Canada restated a “buy” rating and issued a $293.00 price target on shares of Alliance Data Systems in a research report on Thursday, January 4th. Barclays restated an “equal weight” rating and issued a $298.00 price target (up previously from $278.00) on shares of Alliance Data Systems in a research report on Monday, January 8th. BMO Capital Markets restated a “hold” rating and issued a $235.00 price target on shares of Alliance Data Systems in a research report on Wednesday, November 22nd. Finally, Edward Jones upgraded Alliance Data Systems from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Alliance Data Systems currently has an average rating of “Hold” and a consensus target price of $276.44.
Shares of Alliance Data Systems Co. (NYSE ADS) opened at $242.09 on Monday. The company has a quick ratio of 2.09, a current ratio of 1.91 and a debt-to-equity ratio of 8.02. The company has a market capitalization of $13,375.23, a PE ratio of 17.13, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71. Alliance Data Systems Co. has a fifty-two week low of $209.00 and a fifty-two week high of $278.33.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings data on Thursday, January 25th. The business services provider reported $6.10 earnings per share for the quarter, beating the consensus estimate of $4.72 by $1.38. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.15 billion. Alliance Data Systems had a return on equity of 66.17% and a net margin of 10.22%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.67 EPS. equities research analysts forecast that Alliance Data Systems Co. will post 21.49 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 14th will be paid a $0.57 dividend. This is a positive change from Alliance Data Systems’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Tuesday, February 13th. Alliance Data Systems’s payout ratio is currently 16.14%.
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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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