Alliance Data Systems (NYSE:ADS) had its price objective lowered by stock analysts at Wells Fargo & Co from $275.00 to $200.00 in a note issued to investors on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the business services provider’s stock. Wells Fargo & Co‘s target price indicates a potential upside of 21.77% from the company’s current price.
A number of other analysts have also issued reports on the stock. Zacks Investment Research restated a “sell” rating on shares of Alliance Data Systems in a research note on Monday, December 31st. Oppenheimer restated a “hold” rating on shares of Alliance Data Systems in a research note on Friday, October 19th. TheStreet lowered shares of Alliance Data Systems from a “b-” rating to a “c+” rating in a research note on Monday, November 26th. Citigroup dropped their price target on shares of Alliance Data Systems to $218.00 in a research note on Wednesday, November 28th. They noted that the move was a valuation call. Finally, Bank of America started coverage on shares of Alliance Data Systems in a research note on Monday, September 17th. They issued a “buy” rating and a $290.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Alliance Data Systems has an average rating of “Hold” and a consensus price target of $246.74.
Shares of ADS stock opened at $164.24 on Wednesday. Alliance Data Systems has a fifty-two week low of $142.58 and a fifty-two week high of $278.33. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.38 and a current ratio of 2.41. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 0.58 and a beta of 1.82.
Alliance Data Systems (NYSE:ADS) last posted its earnings results on Thursday, October 18th. The business services provider reported $6.26 EPS for the quarter, topping analysts’ consensus estimates of $6.19 by $0.07. Alliance Data Systems had a net margin of 12.11% and a return on equity of 56.33%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the company posted $5.35 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Alliance Data Systems will post 21.52 earnings per share for the current fiscal year.
In related news, insider Valueact Capital Master Fund, sold 675,000 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $200.00, for a total value of $135,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Holdings L.P. Valueact sold 125,000 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $199.10, for a total transaction of $24,887,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,000,000 shares of company stock valued at $199,607,500. 2.60% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Cerebellum GP LLC acquired a new position in shares of Alliance Data Systems in the 4th quarter valued at about $70,000. Pittenger & Anderson Inc. acquired a new position in shares of Alliance Data Systems in the 2nd quarter valued at about $117,000. Jacobi Capital Management LLC acquired a new position in shares of Alliance Data Systems in the 3rd quarter valued at about $127,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Alliance Data Systems in the 3rd quarter valued at about $190,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Alliance Data Systems by 212.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 837 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 569 shares during the period. 91.42% of the stock is owned by institutional investors and hedge funds.
Alliance Data Systems Company Profile
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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