Nissay Asset Management Corp Japan ADV increased its holdings in Alliance Data Systems Co. (NYSE:ADS) by 2.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,643 shares of the business services provider’s stock after buying an additional 103 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Alliance Data Systems were worth $812,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of ADS. Vanguard Group Inc boosted its stake in Alliance Data Systems by 0.9% during the 3rd 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 in the last quarter. FMR LLC boosted its stake in Alliance Data Systems by 21.9% during the 4th 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 in the last quarter. BlackRock Inc. boosted its stake in Alliance Data Systems by 4.3% during the 4th 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 in the last quarter. Boston Partners boosted its stake in Alliance Data Systems by 26.5% during the 4th 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 in the last quarter. Finally, Parnassus Investments CA boosted its stake in Alliance Data Systems by 0.7% during the 1st quarter. Parnassus Investments CA now owns 1,260,118 shares of the business services provider’s stock valued at $220,495,000 after purchasing an additional 8,193 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on ADS shares. Zacks Investment Research lowered Alliance Data Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Morgan Stanley lowered Alliance Data Systems from an “equal weight” rating to an “underweight” rating in a research note on Thursday, January 24th. Oppenheimer reaffirmed a “hold” rating on shares of Alliance Data Systems in a research note on Friday, April 26th. Deutsche Bank set a $188.00 price objective on Alliance Data Systems and gave the company a “buy” rating in a research report on Friday, February 8th. Finally, Robert W. Baird downgraded Alliance Data Systems from an “outperform” rating to a “neutral” rating and set a $171.00 price objective for the company. in a research report on Friday, February 8th. 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. Alliance Data Systems currently has an average rating of “Hold” and a consensus target price of $221.42.
Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $3.72 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.04). Alliance Data Systems had a net margin of 13.10% and a return on equity of 51.42%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the company posted $4.44 EPS. Alliance Data Systems’s revenue was down 3.4% on a year-over-year basis. On average, equities research analysts expect that Alliance Data Systems Co. will post 19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.63 per share. The ex-dividend date is Monday, May 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.76%. Alliance Data Systems’s dividend payout ratio (DPR) is presently 11.69%.
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About Alliance Data Systems
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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