Convergence Investment Partners LLC Acquires 2,170 Shares of Alliance Data Systems Corporation (ADS)

Convergence Investment Partners LLC lifted its holdings in shares of Alliance Data Systems Corporation (NYSE:ADS) by 15.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,042 shares of the business services provider’s stock after acquiring an additional 2,170 shares during the period. Convergence Investment Partners LLC’s holdings in Alliance Data Systems were worth $3,554,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Fiduciary Trust Co. bought a new stake in Alliance Data Systems in the 2nd quarter worth about $108,000. Benjamin F. Edwards & Company Inc. grew its position in Alliance Data Systems by 5.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 488 shares of the business services provider’s stock worth $125,000 after purchasing an additional 26 shares in the last quarter. ETF Managers Group LLC bought a new stake in Alliance Data Systems in the 2nd quarter worth about $128,000. Acadian Asset Management LLC grew its position in Alliance Data Systems by 11,600.0% in the 2nd quarter. Acadian Asset Management LLC now owns 585 shares of the business services provider’s stock worth $150,000 after purchasing an additional 580 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC grew its position in Alliance Data Systems by 8.3% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 650 shares of the business services provider’s stock worth $167,000 after purchasing an additional 50 shares in the last quarter. 95.22% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $235.00 price objective on shares of Alliance Data Systems in a research report on Wednesday, November 22nd. Oppenheimer set a $208.00 price objective on shares of Alliance Data Systems and gave the stock a “sell” rating in a research report on Thursday, October 26th. ValuEngine raised shares of Alliance Data Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. SunTrust Banks reaffirmed a “buy” rating and issued a $310.00 price objective on shares of Alliance Data Systems in a research report on Friday, October 20th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Alliance Data Systems in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Alliance Data Systems has an average rating of “Hold” and an average target price of $258.27.

Alliance Data Systems Corporation (ADS) opened at $234.03 on Monday. Alliance Data Systems Corporation has a 52-week low of $209.00 and a 52-week high of $266.25. The firm has a market cap of $12,929.85, a P/E ratio of 13.91, a PEG ratio of 1.01 and a beta of 1.79. The company has a debt-to-equity ratio of 9.53, a quick ratio of 2.09 and a current ratio of 2.11.

Alliance Data Systems (NYSE:ADS) last released its earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.80 by $0.55. Alliance Data Systems had a net margin of 7.09% and a return on equity of 62.95%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm earned $4.74 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts anticipate that Alliance Data Systems Corporation will post 17.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Monday, November 13th. Alliance Data Systems’s dividend payout ratio is currently 22.06%.

In related news, CFO Charles L. Horn sold 2,128 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $235.00, for a total transaction of $500,080.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by corporate insiders.

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Alliance Data Systems 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.

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

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