Nordea Investment Management AB lifted its stake in Alliance Data Systems Co. (NYSE:ADS) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,490 shares of the business services provider’s stock after purchasing an additional 166 shares during the quarter. Nordea Investment Management AB’s holdings in Alliance Data Systems were worth $3,411,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Muhlenkamp & Co. Inc. bought a new position in shares of Alliance Data Systems in the 1st quarter worth $12,052,000. Marshall Wace LLP raised its position in shares of Alliance Data Systems by 243.6% in the 1st quarter. Marshall Wace LLP now owns 43,329 shares of the business services provider’s stock worth $7,582,000 after acquiring an additional 30,718 shares in the last quarter. Financial Advisors Network Inc. raised its position in shares of Alliance Data Systems by 43.2% in the 1st quarter. Financial Advisors Network Inc. now owns 6,552 shares of the business services provider’s stock worth $901,000 after acquiring an additional 1,977 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Alliance Data Systems by 36.4% in the 1st quarter. Advisors Asset Management Inc. now owns 690 shares of the business services provider’s stock worth $121,000 after acquiring an additional 184 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Alliance Data Systems by 47.7% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 834,282 shares of the business services provider’s stock worth $145,983,000 after acquiring an additional 269,600 shares in the last quarter. Hedge funds and other institutional investors own 92.25% of the company’s stock.
Alliance Data Systems stock traded up $7.26 during trading hours on Thursday, hitting $158.00. 2,651,948 shares of the stock traded hands, compared to its average volume of 685,404. The company has a debt-to-equity ratio of 7.00, a current ratio of 2.55 and a quick ratio of 2.53. The firm’s 50 day moving average price is $142.22. The firm has a market capitalization of $7.90 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 0.49 and a beta of 1.63. Alliance Data Systems Co. has a 1 year low of $133.56 and a 1 year high of $250.27.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.59%. Alliance Data Systems’s payout ratio is presently 11.69%.
Alliance Data Systems announced that its board has authorized a stock buyback plan on Tuesday, July 9th that permits the company to buyback $1.10 billion in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 14.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
Several research firms have recently commented on ADS. Deutsche Bank boosted their price target on Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Oppenheimer initiated coverage on Pareteum in a research report on Friday, April 26th. They issued an “outperform” rating and a $7.00 price target for the company. Stephens reaffirmed a “hold” rating and set a $36.00 target price on shares of Allegiance Bancshares in a research report on Monday, April 29th. William Blair reaffirmed a “buy” rating on shares of Albireo Pharma in a research report on Monday. Finally, BMO Capital Markets set a $32.00 target price on Axalta Coating Systems and gave the company a “hold” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $218.92.
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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