Today: Ngam Advisors L.P. decides to keep it stake in Alliance Data Systems Corp. (ADS) to the level of $10,675,000

Today: Ngam Advisors L.P. decides to keep it stake in Alliance Data Systems Corp. (ADS) to the level of $10,675,000

Ngam Advisors L.P. boosted its stake in Alliance Data Systems Corp. (NYSE:ADS) by 9.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,759 shares of the company’s stock after buying an additional 4,146 shares during the period. Ngam Advisors L.P. owned about 0.09% of Alliance Data Systems Corp. worth $10,675,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in Alliance Data Systems Corp. by 44.4% in the first quarter. LPL Financial LLC now owns 3,847 shares of the company’s stock valued at $814,000 after buying an additional 1,182 shares during the period. First Republic Investment Management Inc. increased its stake in 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 valued at $1,108,000 after buying an additional 2,650 shares during the last quarter. BlueMountain Capital Management LLC bought a new stake in Alliance Data Systems Corp. during the first quarter valued at $431,000. Exxonmobil Investment Management Inc. TX increased its stake in Alliance Data Systems Corp. by 5.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 15,257 shares of the company’s stock valued at $2,989,000 after buying an additional 828 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Alliance Data Systems Corp. by 1.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 50,602 shares of the company’s stock valued at $9,914,000 after buying an additional 494 shares during the last quarter. 93.38% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Data Systems Corp. (NYSE:ADS) traded down 1.84% during midday trading on Monday, hitting $230.38. 173,198 shares of the stock were exchanged. The company has a 50 day moving average price of $209.89 and a 200 day moving average price of $211.26. Alliance Data Systems Corp. has a one year low of $176.63 and a one year high of $290.30. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 24.35 and a beta of 1.63.

Alliance Data Systems Corp. (NYSE:ADS) last announced its earnings results on Thursday, October 20th. The company reported $4.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.44 by $0.30. The business earned $1.89 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Alliance Data Systems Corp. had a net margin of 9.59% and a return on equity of 50.86%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the company posted $3.95 EPS. Equities analysts anticipate that Alliance Data Systems Corp. will post $16.91 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Thursday, November 3rd will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, November 1st. Alliance Data Systems Corp.’s dividend payout ratio is currently 22.01%.

Several research analysts have recently commented on the stock. Credit Suisse Group AG set a $163.00 price target on shares of Alliance Data Systems Corp. and gave the company a “sell” rating in a report on Saturday, November 12th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $246.00 price target on shares of Alliance Data Systems Corp. in a report on Thursday, September 1st. Guggenheim assumed coverage on shares of Alliance Data Systems Corp. in a report on Thursday, November 17th. They issued a “buy” rating and a $238.00 price target for the company. Wedbush assumed coverage on shares of Alliance Data Systems Corp. in a report on Thursday, September 8th. They issued a “neutral” rating and a $225.00 price target for the company. Finally, Compass Point assumed coverage on shares of Alliance Data Systems Corp. in a report on Friday, November 4th. They issued a “sell” rating and a $168.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $257.68.

Alliance Data Systems Corp. Company Profile

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