Alliance Data Systems Co. (NYSE:ADS) EVP Melisa A. Miller sold 12,246 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $245.09, for a total transaction of $3,001,372.14. Following the transaction, the executive vice president now owns 42,654 shares in the company, valued at approximately $10,454,068.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Alliance Data Systems Co. (ADS) traded down $2.30 on Wednesday, reaching $230.33. 666,212 shares of the company were exchanged, compared to its average volume of 656,831. The firm has a market capitalization of $13,203.12, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 0.85 and a beta of 1.69. Alliance Data Systems Co. has a fifty-two week low of $209.00 and a fifty-two week high of $278.33. The company has a debt-to-equity ratio of 9.69, a quick ratio of 2.41 and a current ratio of 2.43.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings data on Thursday, January 25th. The business services provider reported $6.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.72 by $1.38. Alliance Data Systems had a net margin of 10.22% and a return on equity of 66.17%. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the company earned $4.67 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. analysts predict that Alliance Data Systems Co. will post 21.49 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Wednesday, February 14th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from Alliance Data Systems’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a dividend yield of 0.99%. Alliance Data Systems’s dividend payout ratio is 16.14%.
Hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. lifted its holdings in shares of 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 worth $362,000 after acquiring an additional 1,310 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Alliance Data Systems by 34.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,122 shares of the business services provider’s stock valued at $545,000 after buying an additional 540 shares during the period. APG Asset Management N.V. increased its stake in shares of Alliance Data Systems by 5.7% in the third quarter. APG Asset Management N.V. now owns 33,249 shares of the business services provider’s stock valued at $7,366,000 after buying an additional 1,800 shares during the period. Nationwide Fund Advisors increased its stake in shares of Alliance Data Systems by 3.3% in the third quarter. Nationwide Fund Advisors now owns 47,189 shares of the business services provider’s stock valued at $10,455,000 after buying an additional 1,523 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Alliance Data Systems by 1.4% in the third quarter. First Trust Advisors LP now owns 72,579 shares of the business services provider’s stock valued at $16,080,000 after buying an additional 996 shares during the period. Institutional investors and hedge funds own 94.61% of the company’s stock.
A number of analysts have weighed in on ADS shares. Buckingham Research began coverage on shares of Alliance Data Systems in a report on Wednesday. They issued a “neutral” rating and a $250.00 price target for the company. Credit Suisse Group reaffirmed a “hold” rating and set a $218.00 price objective on shares of Alliance Data Systems in a report on Wednesday. Zacks Investment Research downgraded shares of Alliance Data Systems from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. BMO Capital Markets cut their price target on shares of Alliance Data Systems to $250.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Finally, Barclays restated an “equal weight” rating and issued a $298.00 price objective (up previously from $278.00) on shares of Alliance Data Systems in a research report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Alliance Data Systems has a consensus rating of “Hold” and an average target price of $275.05.
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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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