Steward Partners Investment Advisory LLC Buys 711 Shares of Alliance Data Systems Co. (NYSE:ADS)

Steward Partners Investment Advisory LLC boosted its stake in shares of Alliance Data Systems Co. (NYSE:ADS) by 4,182.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 728 shares of the business services provider’s stock after purchasing an additional 711 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Alliance Data Systems were worth $93,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ADS. YorkBridge Wealth Partners LLC bought a new position in Alliance Data Systems during the second quarter worth $28,000. Johnson Financial Group Inc. boosted its position in shares of Alliance Data Systems by 940.9% in the second quarter. Johnson Financial Group Inc. now owns 229 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 207 shares during the period. CSat Investment Advisory L.P. boosted its position in shares of Alliance Data Systems by 92.1% in the second quarter. CSat Investment Advisory L.P. now owns 436 shares of the business services provider’s stock valued at $61,000 after acquiring an additional 209 shares during the period. NuWave Investment Management LLC boosted its position in shares of Alliance Data Systems by 232.5% in the third quarter. NuWave Investment Management LLC now owns 562 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 393 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Alliance Data Systems in the second quarter valued at about $121,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

ADS opened at $107.90 on Friday. Alliance Data Systems Co. has a twelve month low of $99.20 and a twelve month high of $211.53. The company has a 50-day simple moving average of $117.95 and a 200 day simple moving average of $137.37. The company has a quick ratio of 2.64, a current ratio of 1.75 and a debt-to-equity ratio of 6.71. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 5.00, a P/E/G ratio of 0.50 and a beta of 1.63.

Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $5.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.08 by ($0.03). Alliance Data Systems had a return on equity of 47.40% and a net margin of 7.54%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the company earned $5.37 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts anticipate that Alliance Data Systems Co. will post 16.65 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Thursday, November 14th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.52 annualized dividend and a yield of 2.34%. Alliance Data Systems’s dividend payout ratio is 11.69%.

A number of equities research analysts have recently issued reports on ADS shares. Royal Bank of Canada set a $121.00 target price on shares of Alliance Data Systems and gave the company a “buy” rating in a research report on Friday, October 25th. UBS Group reduced their target price on shares of Alliance Data Systems from $155.00 to $143.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Warburg Research reissued a “neutral” rating and issued a $280.00 target price on shares of Alliance Data Systems in a research report on Monday, October 21st. JMP Securities reduced their target price on shares of Alliance Data Systems from $178.00 to $125.00 and set a “market outperform” rating for the company in a research report on Friday, October 25th. Finally, Wolfe Research set a $125.00 target price on shares of Alliance Data Systems and gave the company a “hold” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $185.82.

In related news, major shareholder Holdings L.P. Valueact sold 2,000,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $101.50, for a total transaction of $203,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Valueact Capital Master Fund, sold 960,007 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $16.43, for a total transaction of $15,772,915.01. Corporate insiders own 2.80% of the company’s stock.

Alliance Data Systems 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.

See Also: Why is the ex-dividend date different from the record date?

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

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