Stifel Financial Corp grew its position in Alliance Data Systems Co. (NYSE:ADS) by 15.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,030 shares of the business services provider’s stock after purchasing an additional 1,916 shares during the period. Stifel Financial Corp’s holdings in Alliance Data Systems were worth $2,135,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Alliance Data Systems by 2.1% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,570 shares of the business services provider’s stock valued at $535,000 after acquiring an additional 75 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in Alliance Data Systems by 11.9% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 900 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 96 shares during the period. Daiwa Securities Group Inc. boosted its stake in Alliance Data Systems by 5.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,822 shares of the business services provider’s stock valued at $273,000 after purchasing an additional 100 shares during the period. Cim Investment Mangement Inc. boosted its stake in Alliance Data Systems by 7.9% during the 4th quarter. Cim Investment Mangement Inc. now owns 2,053 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 151 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in Alliance Data Systems by 5.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,259 shares of the business services provider’s stock valued at $489,000 after purchasing an additional 163 shares during the period. 93.45% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on ADS shares. Deutsche Bank set a $188.00 target price on Alliance Data Systems and gave the company a “buy” rating in a research note on Friday, February 8th. SunTrust Banks increased their target price on Alliance Data Systems from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Zacks Investment Research upgraded Alliance Data Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, January 8th. Stephens set a $188.00 price objective on Alliance Data Systems and gave the stock a “hold” rating in a research report on Friday, February 8th. Finally, BMO Capital Markets downgraded Alliance Data Systems from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $205.00 to $183.00 in a research report on Monday, April 15th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Alliance Data Systems presently has a consensus rating of “Hold” and an average target price of $225.50.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings results on Thursday, February 7th. The business services provider reported $7.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $6.78 by $0.26. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Alliance Data Systems had a return on equity of 54.62% and a net margin of 12.36%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $6.26 EPS. On average, equities analysts expect that Alliance Data Systems Co. will post 20.62 earnings per share for the current fiscal year.
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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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