Southpoint Capital Advisors LP Trims Holdings in Alliance Data Systems Co. (NYSE:ADS)

Southpoint Capital Advisors LP lowered its position in shares of Alliance Data Systems Co. (NYSE:ADS) by 25.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,500,000 shares of the business services provider’s stock after selling 500,000 shares during the period. Alliance Data Systems comprises approximately 2.8% of Southpoint Capital Advisors LP’s holdings, making the stock its 12th largest holding. Southpoint Capital Advisors LP owned about 3.02% of Alliance Data Systems worth $168,135,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Alliance Data Systems during the fourth quarter valued at about $3,861,000. Public Employees Retirement System of Ohio boosted its position in Alliance Data Systems by 26.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 22,989 shares of the business services provider’s stock valued at $1,703,000 after purchasing an additional 4,768 shares in the last quarter. LPL Financial LLC acquired a new stake in Alliance Data Systems in the fourth quarter worth about $299,000. Charles Schwab Investment Management Inc. boosted its holdings in Alliance Data Systems by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 325,760 shares of the business services provider’s stock worth $24,139,000 after acquiring an additional 8,818 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its holdings in Alliance Data Systems by 51.8% in the fourth quarter. Virginia Retirement Systems ET AL now owns 17,300 shares of the business services provider’s stock worth $1,282,000 after acquiring an additional 5,900 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Several equities research analysts have weighed in on ADS shares. Evercore ISI initiated coverage on Alliance Data Systems in a report on Wednesday, April 14th. They issued an “in-line” rating and a $116.00 price target for the company. Argus raised their price objective on Alliance Data Systems from $95.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 31st. cut Alliance Data Systems from a “buy” rating to a “neutral” rating and set a $130.00 price objective for the company. in a research note on Friday, June 4th. Truist Securities boosted their price objective on Alliance Data Systems from $95.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, May 20th. Finally, Morgan Stanley boosted their price objective on Alliance Data Systems from $105.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, March 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $163.65.

Shares of ADS stock traded down $3.32 on Thursday, hitting $96.50. The stock had a trading volume of 4,769 shares, compared to its average volume of 676,758. The firm has a 50 day moving average of $110.67. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.70 and a quick ratio of 1.69. Alliance Data Systems Co. has a 1 year low of $39.77 and a 1 year high of $128.16. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 6.74, a P/E/G ratio of 0.35 and a beta of 2.60.

Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings results on Wednesday, April 28th. The business services provider reported $6.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.18 by $3.10. Alliance Data Systems had a return on equity of 49.06% and a net margin of 11.12%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the business earned $0.75 EPS. Alliance Data Systems’s revenue was down 21.5% on a year-over-year basis. Equities analysts forecast that Alliance Data Systems Co. will post 15.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 18th. Shareholders of record on Friday, May 14th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, May 13th. This represents a $0.84 annualized dividend and a yield of 0.87%. Alliance Data Systems’s dividend payout ratio (DPR) is 9.27%.

Alliance Data Systems Profile

Alliance Data Systems Corporation provides data-driven marketing, loyalty, and payment solutions in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, LoyaltyOne and Card Services. The LoyaltyOne segment offers AIR MILES reward program; short term loyalty program; and loyalty services, which include loyalty consulting, customer analytics, creative services, and mobile solutions.

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

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