Alliance Data Systems Co. (ADS) Shares Sold by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC cut its stake in Alliance Data Systems Co. (NYSE:ADS) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,974 shares of the business services provider’s stock after selling 8,639 shares during the period. Parametric Portfolio Associates LLC owned about 0.20% of Alliance Data Systems worth $24,586,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiduciary Trust Co. bought a new position in shares of Alliance Data Systems in the second quarter worth about $108,000. ETF Managers Group LLC bought a new position in Alliance Data Systems during the 2nd quarter worth about $128,000. Paradigm Asset Management Co. LLC grew its holdings in 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 in the last quarter. WFG Advisors LP grew its holdings in 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 in the last quarter. Finally, Commonwealth Bank of Australia grew its holdings in Alliance Data Systems by 66.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 728 shares of the business services provider’s stock worth $185,000 after acquiring an additional 291 shares in the last quarter. Hedge funds and other institutional investors own 94.57% of the company’s stock.
ADS has been the topic of several recent research reports. Credit Suisse Group reiterated an “underperform” rating on shares of Alliance Data Systems in a report on Tuesday, September 5th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $300.00 target price on shares of Alliance Data Systems in a report on Friday, October 6th. Oppenheimer set a $208.00 target price on shares of Alliance Data Systems and gave the stock a “sell” rating in a report on Thursday, October 26th. BMO Capital Markets reiterated a “hold” rating and set a $235.00 target price on shares of Alliance Data Systems in a report on Wednesday, November 22nd. Finally, SunTrust Banks reiterated a “buy” rating and set a $310.00 target price on shares of Alliance Data Systems in a report on Friday, October 20th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Alliance Data Systems has an average rating of “Hold” and an average price target of $258.50.
Shares of Alliance Data Systems Co. (NYSE ADS) opened at $251.99 on Monday. The company has a market cap of $13,920.00, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.08 and a beta of 1.79. Alliance Data Systems Co. has a 1 year low of $209.00 and a 1 year high of $266.25. The company has a current ratio of 2.11, a quick ratio of 2.09 and a debt-to-equity ratio of 9.53.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.80 by $0.55. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.97 billion. Alliance Data Systems had a net margin of 7.09% and a return on equity of 62.95%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.74 earnings per share. equities research analysts predict that Alliance Data Systems Co. will post 17.12 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 14th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Monday, November 13th. Alliance Data Systems’s payout ratio is 22.06%.
In other Alliance Data Systems news, CFO Charles L. Horn sold 2,128 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $235.00, for a total transaction of $500,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
About Alliance Data Systems
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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