Tyers Asset Management LLC Has $2.37 Million Position in Alliance Data Systems Co. (ADS)
Tyers Asset Management LLC increased its stake in shares of Alliance Data Systems Co. (NYSE:ADS) by 362.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,164 shares of the business services provider’s stock after acquiring an additional 7,964 shares during the period. Tyers Asset Management LLC’s holdings in Alliance Data Systems were worth $2,370,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Alliance Data Systems by 188.6% during the first quarter. JPMorgan Chase & Co. now owns 969,957 shares of the business services provider’s stock worth $206,465,000 after acquiring an additional 633,865 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Alliance Data Systems by 9.7% during the first quarter. Commonwealth Equity Services LLC now owns 26,200 shares of the business services provider’s stock worth $5,577,000 after buying an additional 2,320 shares during the last quarter. Quantbot Technologies LP acquired a new position in Alliance Data Systems during the first quarter worth approximately $970,000. Natixis Advisors L.P. increased its position in Alliance Data Systems by 27.8% during the first quarter. Natixis Advisors L.P. now owns 31,304 shares of the business services provider’s stock worth $6,663,000 after buying an additional 6,813 shares during the last quarter. Finally, Cooke & Bieler LP increased its position in Alliance Data Systems by 18.5% during the first quarter. Cooke & Bieler LP now owns 317,214 shares of the business services provider’s stock worth $67,522,000 after buying an additional 49,507 shares during the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.
In other news, CFO Charles L. Horn sold 16,035 shares of the company’s stock in a transaction that occurred on Tuesday, July 24th. The stock was sold at an average price of $232.58, for a total value of $3,729,420.30. Following the transaction, the chief financial officer now owns 28,688 shares of the company’s stock, valued at $6,672,255.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bryan A. Pearson sold 3,424 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $231.67, for a total value of $793,238.08. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
Alliance Data Systems (NYSE:ADS) last posted its earnings results on Thursday, July 19th. The business services provider reported $5.01 EPS for the quarter, beating the consensus estimate of $4.64 by $0.37. Alliance Data Systems had a return on equity of 59.18% and a net margin of 11.35%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the business earned $3.84 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. analysts anticipate that Alliance Data Systems Co. will post 21.6 EPS for the current year.
Alliance Data Systems declared that its board has approved a stock repurchase plan on Monday, July 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Tuesday, August 14th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Monday, August 13th. Alliance Data Systems’s payout ratio is 12.47%.
A number of brokerages have weighed in on ADS. Stephens reissued a “buy” rating and set a $288.00 price target on shares of Alliance Data Systems in a research report on Friday, July 20th. ValuEngine raised Alliance Data Systems from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 12th. Zacks Investment Research downgraded Alliance Data Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Jefferies Financial Group reissued a “buy” rating and set a $280.00 price target on shares of Alliance Data Systems in a research report on Tuesday, August 7th. Finally, Oppenheimer reissued a “hold” rating on shares of Alliance Data Systems in a research report on Thursday, July 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Alliance Data Systems presently has an average rating of “Hold” and an average target price of $263.18.
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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