Schwab Charles Investment Management Inc. lessened its holdings in shares of Alliance Data (NYSE:ADS) by 5.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,524 shares of the business services provider’s stock after selling 13,786 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.47% of Alliance Data worth $55,456,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. State of Wisconsin Investment Board increased its stake in Alliance Data by 7.9% during the 1st quarter. State of Wisconsin Investment Board now owns 59,377 shares of the business services provider’s stock valued at $12,639,000 after purchasing an additional 4,338 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Alliance Data by 108.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 59,398 shares of the business services provider’s stock worth $12,644,000 after acquiring an additional 30,881 shares during the last quarter. Symons Capital Management Inc. purchased a new position in Alliance Data during the 1st quarter worth $6,701,000. Campbell & CO Investment Adviser LLC boosted its holdings in Alliance Data by 59.6% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 1,307 shares of the business services provider’s stock worth $278,000 after acquiring an additional 488 shares during the last quarter. Finally, Capital Advisors Inc. OK boosted its holdings in Alliance Data by 90.1% during the 1st quarter. Capital Advisors Inc. OK now owns 6,329 shares of the business services provider’s stock worth $754,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 95.20% of the company’s stock.
In related news, EVP Melisa A. Miller sold 12,246 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $245.09, for a total value of $3,001,372.14. Following the sale, the executive vice president now directly owns 42,654 shares in the company, valued at approximately $10,454,068.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Valueact Capital Master Fund, acquired 202,600 shares of the stock in a transaction that occurred on Wednesday, May 9th. The stock was purchased at an average price of $201.80 per share, for a total transaction of $40,884,680.00. The disclosure for this purchase can be found here. Insiders purchased a total of 330,246 shares of company stock worth $66,585,860 over the last three months. 2.60% of the stock is owned by insiders.
A number of equities analysts have issued reports on the stock. Cowen downgraded shares of Alliance Data from an “outperform” rating to a “market perform” rating in a report on Monday, January 29th. Oppenheimer lifted their price objective on shares of Alliance Data from $219.00 to $227.00 and gave the stock an “underperform” rating in a report on Friday, January 26th. Piper Jaffray reaffirmed a “buy” rating and set a $313.00 price objective on shares of Alliance Data in a report on Friday, April 6th. Barclays cut their price objective on shares of Alliance Data from $310.00 to $298.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Finally, JMP Securities cut their price objective on shares of Alliance Data from $310.00 to $270.00 and set a “positive” rating on the stock in a report on Thursday, April 12th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. Alliance Data has an average rating of “Hold” and a consensus price target of $262.37.
Shares of Alliance Data opened at $210.09 on Friday, Marketbeat Ratings reports. The company has a current ratio of 2.14, a quick ratio of 2.11 and a debt-to-equity ratio of 7.86. The stock has a market capitalization of $11.64 billion, a P/E ratio of 11.49, a P/E/G ratio of 0.57 and a beta of 1.76. Alliance Data has a fifty-two week low of $192.02 and a fifty-two week high of $278.33.
Alliance Data (NYSE:ADS) last issued its quarterly earnings results on Thursday, April 19th. The business services provider reported $4.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.98 by $0.46. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.93 billion. Alliance Data had a net margin of 10.44% and a return on equity of 61.30%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.91 EPS. analysts expect that Alliance Data will post 21.34 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Monday, May 14th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, May 11th. Alliance Data’s dividend payout ratio (DPR) is currently 12.47%.
About Alliance Data
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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