Comerica Bank Has $2.54 Million Stock Position in Alliance Data Systems Co. (NYSE:ADS)

Comerica Bank reduced its position in shares of Alliance Data Systems Co. (NYSE:ADS) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,136 shares of the business services provider’s stock after selling 694 shares during the period. Comerica Bank owned approximately 0.06% of Alliance Data Systems worth $2,536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ADS. Franklin Resources Inc. raised its position in Alliance Data Systems by 72,184.3% during the second quarter. Franklin Resources Inc. now owns 1,520,861 shares of the business services provider’s stock valued at $158,458,000 after purchasing an additional 1,518,757 shares in the last quarter. Principal Financial Group Inc. raised its position in Alliance Data Systems by 93.8% during the second quarter. Principal Financial Group Inc. now owns 563,376 shares of the business services provider’s stock valued at $58,699,000 after purchasing an additional 272,744 shares in the last quarter. Border to Coast Pensions Partnership Ltd acquired a new position in Alliance Data Systems during the second quarter valued at approximately $20,207,177,000. Invesco Ltd. raised its position in Alliance Data Systems by 124.0% during the second quarter. Invesco Ltd. now owns 252,273 shares of the business services provider’s stock valued at $26,285,000 after purchasing an additional 139,633 shares in the last quarter. Finally, State Street Corp raised its position in Alliance Data Systems by 9.5% during the second quarter. State Street Corp now owns 1,284,058 shares of the business services provider’s stock valued at $133,786,000 after purchasing an additional 111,054 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Shares of ADS opened at $75.94 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.48 and a debt-to-equity ratio of 2.78. The stock has a market capitalization of $3.78 billion, a P/E ratio of 4.77, a price-to-earnings-growth ratio of 0.31 and a beta of 2.34. The firm’s fifty day simple moving average is $91.52 and its two-hundred day simple moving average is $99.98. Alliance Data Systems Co. has a 12 month low of $65.28 and a 12 month high of $128.16.

Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings results on Thursday, October 28th. The business services provider reported $4.47 EPS for the quarter, beating the Zacks’ consensus estimate of $3.56 by $0.91. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Alliance Data Systems had a net margin of 18.47% and a return on equity of 51.65%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.36 earnings per share. As a group, research analysts predict that Alliance Data Systems Co. will post 17.91 EPS for the current fiscal year.

The company also recently declared a dividend, which was paid on Friday, November 5th. Shareholders of record on Tuesday, November 9th were given a dividend of $0.21 per share. The ex-dividend date was Monday, November 8th. This represents a yield of 0.99%. Alliance Data Systems’s dividend payout ratio (DPR) is currently 5.27%.

A number of analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Alliance Data Systems from $144.00 to $134.00 and set an “overweight” rating on the stock in a research note on Friday, October 29th. Oppenheimer decreased their target price on shares of Alliance Data Systems from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 13th. JPMorgan Chase & Co. boosted their target price on shares of Alliance Data Systems from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 17th. Royal Bank of Canada decreased their target price on shares of Alliance Data Systems from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Friday, October 29th. Finally, Truist decreased their target price on shares of Alliance Data Systems from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, November 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $114.28.

Alliance Data Systems Profile

Alliance Data Systems Corp. engages in the provision of data-driven and transaction-based marketing, customer loyalty and payment solutions. It operates through the following segments: LoyaltyOne, Epsilon and Card Services. The LoyaltyOne segment provides coalition and short-term loyalty programs. The Epsilon segment offers end-to-end, integrated marketing solutions.

See Also: Management Fee

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

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