Today, Daiwa Securities Group Inc. Sold shares of Alliance Data Systems Corp. (ADS)

Today, Daiwa Securities Group Inc. Sold shares of Alliance Data Systems Corp. (ADS)
Daiwa Securities Group Inc. lowered its position in shares of Alliance Data Systems Corp. (NYSE:ADS) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,270 shares of the company’s stock after selling 860 shares during the period. Daiwa Securities Group Inc.’s holdings in Alliance Data Systems Corp. were worth $4,992,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. LPL Financial LLC increased its position in shares of Alliance Data Systems Corp. by 44.4% in the first quarter. LPL Financial LLC now owns 3,847 shares of the company’s stock worth $814,000 after buying an additional 1,182 shares in the last quarter. Phocas Financial Corp. acquired a new position in shares of Alliance Data Systems Corp. during the first quarter worth about $4,580,000. Oak Associates Ltd. OH increased its position in shares of Alliance Data Systems Corp. by 174.6% in the first quarter. Oak Associates Ltd. OH now owns 15,263 shares of the company’s stock worth $3,358,000 after buying an additional 9,705 shares in the last quarter. First Republic Investment Management Inc. increased its position in shares of Alliance Data Systems Corp. by 111.0% in the first quarter. First Republic Investment Management Inc. now owns 5,038 shares of the company’s stock worth $1,108,000 after buying an additional 2,650 shares in the last quarter. Finally, BlueMountain Capital Management LLC acquired a new position in shares of Alliance Data Systems Corp. during the first quarter worth about $431,000. Institutional investors own 93.07% of the company’s stock.

Alliance Data Systems Corp. (NYSE:ADS) remained flat at $235.04 during midday trading on Friday. The company’s stock had a trading volume of 144,247 shares. Alliance Data Systems Corp. has a 1-year low of $176.63 and a 1-year high of $290.30. The firm’s 50-day moving average price is $209.49 and its 200-day moving average price is $211.03. The company has a market cap of $13.58 billion, a price-to-earnings ratio of 24.84 and a beta of 1.63.

Alliance Data Systems Corp. (NYSE:ADS) last issued its quarterly earnings data on Thursday, October 20th. The company reported $4.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.44 by $0.30. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.78 billion. Alliance Data Systems Corp. had a net margin of 9.59% and a return on equity of 50.86%. Alliance Data Systems Corp.’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company posted $3.95 earnings per share. On average, equities research analysts expect that Alliance Data Systems Corp. will post $16.91 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Thursday, November 3rd will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.88%. The ex-dividend date is Tuesday, November 1st. Alliance Data Systems Corp.’s payout ratio is 22.01%.

A number of research analysts have weighed in on ADS shares. Deutsche Bank AG reiterated a “buy” rating and set a $246.00 target price on shares of Alliance Data Systems Corp. in a report on Thursday, September 1st. JMP Securities reiterated a “buy” rating on shares of Alliance Data Systems Corp. in a report on Tuesday, October 4th. Guggenheim started coverage on Alliance Data Systems Corp. in a report on Thursday, November 17th. They set a “buy” rating and a $238.00 target price on the stock. BMO Capital Markets reiterated a “hold” rating and set a $235.00 target price on shares of Alliance Data Systems Corp. in a report on Friday, October 21st. Finally, Zacks Investment Research upgraded Alliance Data Systems Corp. from a “sell” rating to a “hold” rating in a report on Monday, October 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $257.68.

Alliance Data Systems Corp. Company Profile

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.

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