Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Alliance Data Systems Co. (NYSE:ADS) by 0.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 207,091 shares of the business services provider’s stock after buying an additional 521 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.40% of Alliance Data Systems worth $36,237,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. FMR LLC lifted its stake in 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 worth $492,601,000 after purchasing an additional 588,956 shares during the last quarter. Norges Bank purchased a new position in Alliance Data Systems during the fourth quarter valued at approximately $78,469,000. Equity Investment Corp purchased a new position in Alliance Data Systems during the first quarter valued at approximately $64,243,000. Boston Partners increased its holdings in Alliance Data Systems by 26.5% during the fourth quarter. Boston Partners now owns 1,286,032 shares of the business services provider’s stock valued at $193,008,000 after buying an additional 269,436 shares during the period. Finally, BlackRock Inc. increased its holdings in Alliance Data Systems by 4.3% during the fourth quarter. BlackRock Inc. now owns 3,265,413 shares of the business services provider’s stock valued at $490,074,000 after buying an additional 133,870 shares during the period. Institutional investors and hedge funds own 92.30% of the company’s stock.
Several research firms have issued reports on ADS. Stephens lowered shares of Alliance Data Systems from an “equal weight” rating to an “underweight” rating and set a $173.00 price target on the stock. in a report on Monday, April 15th. BMO Capital Markets downgraded shares of Alliance Data Systems from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $205.00 to $183.00 in a research note on Monday, April 15th. Zacks Investment Research upgraded shares of Alliance Data Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. SunTrust Banks upped their price objective on shares of Alliance Data Systems from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, Oppenheimer reiterated a “hold” rating on shares of Alliance Data Systems in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $221.42.
Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $3.72 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.04). Alliance Data Systems had a return on equity of 51.42% and a net margin of 13.10%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the company posted $4.44 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. Equities analysts expect that Alliance Data Systems Co. will post 19 EPS for the current fiscal year.
The firm also recently announced 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 dividend on an annualized basis and a yield of 1.83%. Alliance Data Systems’s dividend payout ratio (DPR) is presently 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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