CNB Bank lowered its stake in Alliance Data Systems Co. (NYSE:ADS) by 71.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 584 shares of the business services provider’s stock after selling 1,480 shares during the quarter. CNB Bank’s holdings in Alliance Data Systems were worth $75,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of ADS. WINTON GROUP Ltd raised its holdings in Alliance Data Systems by 19.5% in the 2nd quarter. WINTON GROUP Ltd now owns 60,299 shares of the business services provider’s stock valued at $8,450,000 after acquiring an additional 9,850 shares during the last quarter. Chicago Capital LLC raised its holdings in Alliance Data Systems by 23.4% in the 2nd quarter. Chicago Capital LLC now owns 200,783 shares of the business services provider’s stock valued at $28,136,000 after acquiring an additional 38,082 shares during the last quarter. Gyroscope Capital Management Group LLC raised its holdings in Alliance Data Systems by 34.8% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 5,191 shares of the business services provider’s stock valued at $770,000 after acquiring an additional 1,339 shares during the last quarter. Ingalls & Snyder LLC raised its holdings in Alliance Data Systems by 67.3% in the 2nd quarter. Ingalls & Snyder LLC now owns 33,591 shares of the business services provider’s stock valued at $4,707,000 after acquiring an additional 13,510 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in Alliance Data Systems by 11.8% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 12,038 shares of the business services provider’s stock valued at $1,687,000 after acquiring an additional 1,267 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Valueact Capital Master Fund, sold 960,007 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $16.43, for a total value of $15,772,915.01. Also, major shareholder Holdings L.P. Valueact sold 2,000,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $101.50, for a total value of $203,000,000.00. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on the company. HSBC reiterated a “neutral” rating and issued a $300.00 price target on shares of Alliance Data Systems in a report on Friday, October 18th. Royal Bank of Canada set a $121.00 price target on Alliance Data Systems and gave the company a “buy” rating in a report on Friday, October 25th. Warburg Research reiterated a “neutral” rating and issued a $280.00 price target on shares of Alliance Data Systems in a report on Monday, October 21st. JMP Securities cut their price target on Alliance Data Systems from $178.00 to $125.00 and set a “market outperform” rating for the company in a report on Friday, October 25th. Finally, Morgan Stanley reiterated a “sell” rating and issued a $230.00 price target on shares of Alliance Data Systems in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $185.82.

ADS stock opened at $107.90 on Friday. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 5.00, a PEG ratio of 0.50 and a beta of 1.63. 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 business has a fifty day simple moving average of $117.95 and a 200-day simple moving average of $137.37. Alliance Data Systems Co. has a 52 week low of $99.20 and a 52 week high of $211.53.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Thursday, November 14th will be issued a $0.63 dividend. 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 currently 11.69%.

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.

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

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