Alliance Data Systems Co. (NYSE:ADS) Shares Sold by Northern Trust Corp

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Northern Trust Corp lessened its stake in Alliance Data Systems Co. (NYSE:ADS) by 3.3% in the first quarter, HoldingsChannel reports. The firm owned 969,723 shares of the business services provider’s stock after selling 33,224 shares during the quarter. Northern Trust Corp’s holdings in Alliance Data Systems were worth $169,683,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc lifted its stake in shares of Alliance Data Systems by 0.9% during the third quarter. Vanguard Group Inc now owns 4,977,881 shares of the business services provider’s stock worth $1,175,576,000 after buying an additional 42,538 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Alliance Data Systems during the fourth quarter valued at $47,000. Advisors Asset Management Inc. lifted its position in Alliance Data Systems by 59.1% during the fourth quarter. Advisors Asset Management Inc. now owns 506 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 188 shares during the period. SG Americas Securities LLC lifted its position in Alliance Data Systems by 129.5% during the fourth quarter. SG Americas Securities LLC now owns 11,384 shares of the business services provider’s stock valued at $1,709,000 after purchasing an additional 6,424 shares during the period. Finally, Creative Planning lifted its position in Alliance Data Systems by 36.8% during the fourth quarter. Creative Planning now owns 2,524 shares of the business services provider’s stock valued at $379,000 after purchasing an additional 679 shares during the period. Institutional investors and hedge funds own 92.30% of the company’s stock.

ADS traded down $0.97 on Wednesday, reaching $136.77. The stock had a trading volume of 6,791 shares, compared to its average volume of 680,261. Alliance Data Systems Co. has a 12-month low of $135.64 and a 12-month high of $250.27. The company has a debt-to-equity ratio of 7.00, a quick ratio of 2.53 and a current ratio of 2.55. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.46 and a beta of 1.71.

Alliance Data Systems (NYSE:ADS) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $3.72 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.04). Alliance Data Systems had a net margin of 13.10% and a return on equity of 51.42%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the firm posted $4.44 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities research analysts forecast that Alliance Data Systems Co. will post 19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, May 14th will be issued a $0.63 dividend. The ex-dividend date is Monday, May 13th. This represents a $2.52 dividend on an annualized basis and a yield of 1.84%. Alliance Data Systems’s payout ratio is 11.69%.

A number of research analysts recently issued reports on the stock. Stephens downgraded shares of Alliance Data Systems from an “equal weight” rating to an “underweight” rating and set a $173.00 target price for the company. in a research report on Monday, April 15th. BMO Capital Markets downgraded shares of Alliance Data Systems from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $205.00 to $183.00 in a research report on Monday, April 15th. Zacks Investment Research upgraded shares of Alliance Data Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. SunTrust Banks boosted their target price on shares of Alliance Data Systems from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Oppenheimer restated a “hold” rating on shares of Alliance Data Systems in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $221.42.

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

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