swisspartners Ltd. lessened its stake in Alliance Data Systems Co. (NYSE:ADS) by 29.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,850 shares of the business services provider’s stock after selling 10,000 shares during the quarter. Alliance Data Systems comprises 2.2% of swisspartners Ltd.’s investment portfolio, making the stock its 12th biggest position. swisspartners Ltd.’s holdings in Alliance Data Systems were worth $2,678,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Panagora Asset Management Inc. boosted its stake in Alliance Data Systems by 28.5% in the first quarter. Panagora Asset Management Inc. now owns 347,667 shares of the business services provider’s stock valued at $38,970,000 after buying an additional 77,033 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of Alliance Data Systems in the first quarter worth about $223,000. Sciencast Management LP acquired a new stake in shares of Alliance Data Systems in the 1st quarter valued at approximately $1,407,000. Jupiter Asset Management Ltd. grew its holdings in shares of Alliance Data Systems by 577.6% during the 1st quarter. Jupiter Asset Management Ltd. now owns 250,033 shares of the business services provider’s stock valued at $28,056,000 after purchasing an additional 213,132 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Alliance Data Systems during the 1st quarter worth approximately $1,678,000. 93.45% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on ADS. Zacks Investment Research raised shares of Alliance Data Systems from a “sell” rating to a “hold” rating and set a $121.00 target price on the stock in a research note on Tuesday, March 16th. Royal Bank of Canada lifted their target price on Alliance Data Systems from $114.00 to $126.00 and gave the stock an “outperform” rating in a report on Friday, April 30th. Argus increased their price target on Alliance Data Systems from $95.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 31st. Evercore ISI started coverage on Alliance Data Systems in a research note on Wednesday, April 14th. They issued an “in-line” rating and a $116.00 price objective on the stock. Finally, Truist Securities increased their target price on shares of Alliance Data Systems from $95.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, May 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $153.00.
Alliance Data Systems (NYSE:ADS) last posted its earnings results on Wednesday, April 28th. The business services provider reported $6.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.18 by $3.10. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliance Data Systems had a net margin of 11.12% and a return on equity of 49.06%. The firm’s revenue was down 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. As a group, research analysts expect that Alliance Data Systems Co. will post 14.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 18th. Shareholders of record on Friday, May 14th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $0.84 dividend on an annualized basis and a yield of 0.76%. Alliance Data Systems’s dividend payout ratio (DPR) is presently 9.27%.
Alliance Data Systems Profile
Alliance Data Systems Corporation provides data-driven marketing, loyalty, and payment solutions in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, LoyaltyOne and Card Services. The LoyaltyOne segment offers AIR MILES reward program; short term loyalty program; and loyalty services, which include loyalty consulting, customer analytics, creative services, and mobile solutions.
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