Parallel Advisors LLC Has $131,000 Position in Alliance Data Systems Co. (ADS)

Parallel Advisors LLC increased its holdings in Alliance Data Systems Co. (NYSE:ADS) by 21.7% in the first quarter, HoldingsChannel.com reports. The firm owned 747 shares of the business services provider’s stock after buying an additional 133 shares during the quarter. Parallel Advisors LLC’s holdings in Alliance Data Systems were worth $131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc increased its holdings in shares of Alliance Data Systems by 0.9% in the third quarter. Vanguard Group Inc now owns 4,977,881 shares of the business services provider’s stock valued at $1,175,576,000 after purchasing an additional 42,538 shares during the last quarter. FMR LLC increased its holdings in shares of Alliance Data Systems by 21.9% in the fourth quarter. FMR LLC now owns 3,282,264 shares of the business services provider’s stock valued at $492,601,000 after purchasing an additional 588,956 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Alliance Data Systems by 4.3% in the fourth quarter. BlackRock Inc. now owns 3,265,413 shares of the business services provider’s stock valued at $490,074,000 after purchasing an additional 133,870 shares during the last quarter. Boston Partners increased its holdings in shares of Alliance Data Systems by 26.5% in the fourth quarter. Boston Partners now owns 1,286,032 shares of the business services provider’s stock valued at $193,008,000 after purchasing an additional 269,436 shares during the last quarter. Finally, Parnassus Investments CA increased its holdings in shares of Alliance Data Systems by 0.6% in the fourth quarter. Parnassus Investments CA now owns 1,251,925 shares of the business services provider’s stock valued at $187,889,000 after purchasing an additional 6,925 shares during the last quarter. 94.09% of the stock is owned by institutional investors.

Several research firms recently commented on ADS. BMO Capital Markets cut Alliance Data Systems from an “outperform” rating to a “market perform” rating and cut their price target for the company from $205.00 to $183.00 in a report on Monday, April 15th. SunTrust Banks increased their price target on Alliance Data Systems from $190.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Deutsche Bank cut their price target on Alliance Data Systems from $188.00 to $162.00 and set a “buy” rating for the company in a report on Friday, April 26th. Stephens raised Alliance Data Systems from an “underweight” rating to an “equal weight” rating and set a $160.00 price target for the company in a report on Monday, April 29th. Finally, Zacks Investment Research cut Alliance Data Systems from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $221.42.

Shares of Alliance Data Systems stock opened at $148.99 on Friday. The company has a market capitalization of $7.80 billion, a P/E ratio of 6.91, a price-to-earnings-growth ratio of 0.48 and a beta of 1.71. Alliance Data Systems Co. has a fifty-two week low of $142.58 and a fifty-two week high of $250.27. The company has a quick ratio of 2.13, a current ratio of 2.55 and a debt-to-equity ratio of 7.00.

Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $3.72 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.04). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Alliance Data Systems had a return on equity of 51.42% and a net margin of 13.10%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.44 earnings per share. Equities research analysts predict that Alliance Data Systems Co. will post 19 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, May 14th will be given a $0.63 dividend. The ex-dividend date is Monday, May 13th. This represents a $2.52 annualized dividend and a yield of 1.69%. Alliance Data Systems’s payout ratio is 11.69%.

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

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