Strs Ohio trimmed its holdings in shares of Alliance Data Systems Co. (NYSE:ADS) by 98.9% during the first quarter, Holdings Channel reports. The fund owned 636 shares of the business services provider’s stock after selling 55,000 shares during the quarter. Strs Ohio’s holdings in Alliance Data Systems were worth $111,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of ADS. CSat Investment Advisory L.P. boosted its stake in shares of Alliance Data Systems by 130.8% in the 4th quarter. CSat Investment Advisory L.P. now owns 180 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 102 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Alliance Data Systems during the 4th quarter valued at $47,000. Meeder Asset Management Inc. acquired a new position in shares of Alliance Data Systems during the 4th quarter valued at $56,000. Cerebellum GP LLC acquired a new position in shares of Alliance Data Systems during the 4th quarter valued at $70,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Alliance Data Systems by 59.1% during the 4th quarter. Advisors Asset Management Inc. now owns 506 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 188 shares during the period. 94.38% of the stock is currently owned by hedge funds and other institutional investors.
ADS opened at $144.86 on Wednesday. The company has a debt-to-equity ratio of 7.00, a quick ratio of 2.53 and a current ratio of 2.55. Alliance Data Systems Co. has a 1-year low of $142.07 and a 1-year high of $250.27. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.47 and a beta of 1.71.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.63 per share. The ex-dividend date is Monday, May 13th. This represents a $2.52 annualized dividend and a yield of 1.74%. Alliance Data Systems’s payout ratio is 11.69%.
A number of research firms recently issued reports on ADS. Zacks Investment Research downgraded shares of Alliance Data Systems from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Stephens upgraded shares of Alliance Data Systems from an “underweight” rating to an “equal weight” rating and set a $160.00 target price on the stock in a research report on Monday, April 29th. Oppenheimer reiterated a “hold” rating on shares of Alliance Data Systems in a research report on Friday, April 26th. Deutsche Bank dropped their target price on shares of Alliance Data Systems from $188.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Finally, BMO Capital Markets dropped their target price on shares of Alliance Data Systems from $183.00 to $173.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $221.42.
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Alliance Data Systems Company 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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