Envestnet Asset Management Inc. decreased its stake in Alliance Data Systems Co. (NYSE:ADS) by 11.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,871 shares of the business services provider’s stock after selling 1,693 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Alliance Data Systems were worth $2,852,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in ADS. Fiduciary Trust Co. bought a new stake in shares of Alliance Data Systems during the 2nd quarter worth approximately $108,000. ETF Managers Group LLC bought a new stake in shares of Alliance Data Systems during the 2nd quarter worth approximately $128,000. Acadian Asset Management LLC lifted its stake in shares of Alliance Data Systems by 11,600.0% during the 2nd quarter. Acadian Asset Management LLC now owns 585 shares of the business services provider’s stock worth $150,000 after acquiring an additional 580 shares during the last quarter. Paradigm Asset Management Co. LLC lifted its stake in shares of Alliance Data Systems by 8.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 650 shares of the business services provider’s stock worth $167,000 after acquiring an additional 50 shares during the last quarter. Finally, WFG Advisors LP lifted its stake in shares of Alliance Data Systems by 135.9% during the 2nd quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock worth $174,000 after acquiring an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.
In other news, CFO Charles L. Horn sold 2,128 shares of Alliance Data Systems stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $235.00, for a total value of $500,080.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.60% of the company’s stock.
Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.80 by $0.55. Alliance Data Systems had a return on equity of 62.95% and a net margin of 7.09%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the business posted $4.74 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts anticipate that Alliance Data Systems Co. will post 17.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 14th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.89%. Alliance Data Systems’s dividend payout ratio is presently 22.06%.
A number of brokerages have weighed in on ADS. BidaskClub lowered Alliance Data Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. ValuEngine lowered Alliance Data Systems from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $300.00 target price on shares of Alliance Data Systems in a research report on Thursday, August 31st. KeyCorp reaffirmed a “hold” rating on shares of Alliance Data Systems in a research report on Friday, August 25th. Finally, Credit Suisse Group reaffirmed a “sell” rating and set a $174.00 target price on shares of Alliance Data Systems in a research report on Thursday, August 17th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $258.50.
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Alliance Data Systems Company Profile
Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. 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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