Skylands Capital LLC lowered its stake in Alliance Data Systems Co. (NYSE:ADS) by 45.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,800 shares of the business services provider’s stock after selling 4,840 shares during the period. Skylands Capital LLC’s holdings in Alliance Data Systems were worth $262,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Parnassus Investments CA lifted its position in shares of Alliance Data Systems by 221.1% during the first quarter. Parnassus Investments CA now owns 1,372,500 shares of the business services provider’s stock worth $46,185,000 after purchasing an additional 945,081 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Alliance Data Systems by 1.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 919,082 shares of the business services provider’s stock valued at $30,927,000 after buying an additional 10,400 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Alliance Data Systems by 27.2% during the 1st quarter. Thrivent Financial for Lutherans now owns 868,138 shares of the business services provider’s stock worth $29,213,000 after buying an additional 185,599 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Alliance Data Systems by 5.4% in the 1st quarter. Bank of New York Mellon Corp now owns 850,281 shares of the business services provider’s stock worth $28,611,000 after acquiring an additional 43,442 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Alliance Data Systems by 11.1% in the 4th quarter. Geode Capital Management LLC now owns 749,156 shares of the business services provider’s stock valued at $83,904,000 after acquiring an additional 74,903 shares during the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.
In other news, Director John C. Gerspach purchased 5,000 shares of the stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of $52.09 per share, for a total transaction of $260,450.00. Company insiders own 2.10% of the company’s stock.
Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings results on Thursday, July 23rd. The business services provider reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.78. Alliance Data Systems had a net margin of 1.73% and a return on equity of 42.34%. The company had revenue of $979.30 million during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business posted $3.83 EPS. The business’s revenue for the quarter was down 27.4% compared to the same quarter last year. Equities analysts anticipate that Alliance Data Systems Co. will post 5.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 14th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.84 dividend on an annualized basis and a yield of 1.89%. Alliance Data Systems’s dividend payout ratio (DPR) is 5.13%.
ADS has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a “buy” rating on shares of Alliance Data Systems in a report on Thursday, June 18th. Oppenheimer reaffirmed a “buy” rating and set a $68.00 price objective on shares of Alliance Data Systems in a research report on Thursday, July 23rd. Jefferies Financial Group initiated coverage on Alliance Data Systems in a research note on Monday, July 20th. They issued a “hold” rating and a $45.00 target price for the company. UBS Group increased their price target on Alliance Data Systems from $50.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Finally, TheStreet lowered Alliance Data Systems from a “c” rating to a “d+” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $71.71.
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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