BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in shares of Alliance Data Systems Co. (NYSE:ADS) by 34.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,254 shares of the business services provider’s stock after selling 10,533 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Alliance Data Systems were worth $4,487,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ADS. Nomura Asset Management Co. Ltd. raised its stake in shares of Alliance Data Systems by 4.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 6,750 shares of the business services provider’s stock valued at $1,495,000 after acquiring an additional 279 shares in the last quarter. Partners Capital Investment Group Holdings LLC acquired a new stake in shares of Alliance Data Systems in the third quarter valued at $613,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Alliance Data Systems by 67.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 304,511 shares of the business services provider’s stock valued at $67,748,000 after acquiring an additional 122,900 shares in the last quarter. Engineers Gate Manager LP raised its stake in shares of Alliance Data Systems by 239.3% in the third quarter. Engineers Gate Manager LP now owns 14,628 shares of the business services provider’s stock valued at $3,241,000 after acquiring an additional 10,317 shares in the last quarter. Finally, Convergence Investment Partners LLC raised its stake in shares of Alliance Data Systems by 15.6% in the third quarter. Convergence Investment Partners LLC now owns 16,042 shares of the business services provider’s stock valued at $3,554,000 after acquiring an additional 2,170 shares in the last quarter. Institutional investors own 95.35% of the company’s stock.

Several brokerages have recently issued reports on ADS. KeyCorp reiterated a “hold” rating on shares of Alliance Data Systems in a research note on Friday, August 25th. BMO Capital Markets reiterated a “hold” rating and issued a $235.00 price objective on shares of Alliance Data Systems in a research note on Wednesday, October 18th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $300.00 price objective on shares of Alliance Data Systems in a research note on Friday, October 6th. Credit Suisse Group reiterated a “sell” rating and issued a $174.00 price objective on shares of Alliance Data Systems in a research note on Thursday, August 17th. Finally, Oppenheimer set a $208.00 price objective on Alliance Data Systems and gave the company a “sell” rating in a research note on Thursday, October 26th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $258.50.

In other Alliance Data Systems news, CFO Charles L. Horn sold 2,128 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $235.00, for a total value of $500,080.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.60% of the stock is owned by company insiders.

Shares of Alliance Data Systems Co. (NYSE ADS) opened at $234.00 on Thursday. Alliance Data Systems Co. has a 52 week low of $209.00 and a 52 week high of $266.25. The company has a quick ratio of 2.09, a current ratio of 2.11 and a debt-to-equity ratio of 9.53. The firm has a market capitalization of $13,167.97, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.03 and a beta of 1.79.

Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.80 by $0.55. Alliance Data Systems had a return on equity of 62.95% and a net margin of 7.09%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period last year, the firm earned $4.74 earnings per share. Alliance Data Systems’s quarterly revenue was up 1.4% on a year-over-year basis. equities research analysts predict that Alliance Data Systems Co. will post 17.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 14th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Monday, November 13th. Alliance Data Systems’s dividend payout ratio is presently 22.06%.

COPYRIGHT VIOLATION NOTICE: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2017/12/14/british-columbia-investment-management-corp-decreases-holdings-in-alliance-data-systems-co-ads.html.

About Alliance Data Systems

Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. 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.

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

Receive News & Stock Ratings for Alliance Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Data Systems and related stocks with our FREE daily email newsletter.