Chevy Chase Trust Holdings Inc. Sells 3,319 Shares of Alliance Data Systems Co. (NYSE:ADS)

Chevy Chase Trust Holdings Inc. decreased its stake in shares of Alliance Data Systems Co. (NYSE:ADS) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,379 shares of the business services provider’s stock after selling 3,319 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Alliance Data Systems were worth $4,277,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Neo Ivy Capital Management bought a new stake in shares of Alliance Data Systems during the third quarter worth $1,047,000. Rational Advisors LLC increased its position in shares of Alliance Data Systems by 83.4% during the third quarter. Rational Advisors LLC now owns 310 shares of the business services provider’s stock worth $40,000 after acquiring an additional 141 shares in the last quarter. River Road Asset Management LLC increased its position in shares of Alliance Data Systems by 105.0% during the third quarter. River Road Asset Management LLC now owns 66,796 shares of the business services provider’s stock worth $8,559,000 after acquiring an additional 34,208 shares in the last quarter. Eqis Capital Management Inc. increased its position in shares of Alliance Data Systems by 5.0% during the third quarter. Eqis Capital Management Inc. now owns 2,247 shares of the business services provider’s stock worth $288,000 after acquiring an additional 107 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Alliance Data Systems by 48.1% during the third quarter. Tower Research Capital LLC TRC now owns 3,787 shares of the business services provider’s stock worth $485,000 after acquiring an additional 1,230 shares in the last quarter. 89.34% of the stock is owned by institutional investors.

In other news, major shareholder Holdings L.P. Valueact sold 2,000,000 shares of Alliance Data Systems stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $101.50, for a total value of $203,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Valueact Capital Master Fund, sold 960,007 shares of Alliance Data Systems stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $16.43, for a total transaction of $15,772,915.01. Company insiders own 2.80% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Wolfe Research set a $125.00 price objective on shares of Alliance Data Systems and gave the stock a “hold” rating in a research report on Friday, October 25th. JMP Securities decreased their target price on shares of Alliance Data Systems from $178.00 to $125.00 and set a “market outperform” rating for the company in a research report on Friday, October 25th. Deutsche Bank raised shares of Alliance Data Systems from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Oppenheimer raised shares of Alliance Data Systems from a “market perform” rating to an “outperform” rating and set a $125.00 target price for the company in a research report on Monday, November 11th. Finally, ValuEngine raised shares of Alliance Data Systems from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Alliance Data Systems presently has a consensus rating of “Hold” and an average price target of $142.64.

Alliance Data Systems stock opened at $106.20 on Tuesday. The company has a fifty day simple moving average of $108.97 and a 200 day simple moving average of $131.72. Alliance Data Systems Co. has a 1-year low of $99.20 and a 1-year high of $203.84. The company has a market cap of $4.92 billion, a P/E ratio of 4.93, a price-to-earnings-growth ratio of 0.46 and a beta of 1.65. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 8.91.

Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.03). Alliance Data Systems had a net margin of 7.54% and a return on equity of 47.40%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business earned $5.37 EPS. The business’s revenue was up 1.1% on a year-over-year basis. On average, equities research analysts forecast that Alliance Data Systems Co. will post 16.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Thursday, November 14th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Wednesday, November 13th. Alliance Data Systems’s dividend payout ratio (DPR) is presently 11.69%.

About Alliance Data Systems

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

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