CIBC Private Wealth Group LLC reduced its position in Alliance Data Systems Co. (NYSE: ADS) by 0.5% in the second quarter, according to the company in its most recent disclosure at the Securities and Exchange Commission (SEC). The institutional investor had 409,144 shares of the shares of the business service provider after the sale of 2,136 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.74% of Alliance Data Systems worth $ 95,412,000 from the most recent filings with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. JP Morgan Chase & Co. has increased its stake in Alliance Data Systems by 188.6% in the first quarter. JP Morgan Chase & Co. now owns 969,957 shares in the share capital of the business service provider to the value of $ 206,465,000 after the purchase of an additional 633,865 shares during the last quarter. Commonwealth Equity Services LLC grew 9.7% in the first quarter of Alliance Data Systems. Commonwealth Equity Services LLC now owns 26,200 shares of the business service provider's business value of $ 5,577,000 after acquiring additional 2,320 shares during the last quarter. Two Sigma Advisers LP bought a new position in Alliance Data Systems shares worth approximately $ 1,653,000 in the fourth quarter. Quantbot Technologies LP acquired a new shareholding in Alliance Data Systems worth $ 970,000 in the first quarter. Finally, Natixis Advisors L.P. its shareholdings in Alliance Data Systems were reduced by 27.8% during the first quarter. Natixis Advisors L.P. now owns 31,304 shares of the business service provider's business value of $ 6,663,000 after the purchase of an additional 6,813 shares during the period. 91.43% of the shares are owned by hedge funds and other institutional investors.
ADS fell $ 1.27 during trading on Wednesday and reached $ 239.61. 11,918 shares of the company were exchanged for the average volume of 345,302. The company has a market capitalization of $ 13.08 billion, a P / E ratio of 13.11, a PEG ratio of 0.93 and a beta of 1.72. The company has a debt-to-equity ratio of 7.25, a current ratio of 2.14 and a quick ratio of 2.12. Alliance Data Systems Co. has a lowest point in the 52 weeks of $ 192.02 and a height of 52 weeks of $ 278.33.
Alliance Data Systems (NYSE: ADS) last published the quarterly results on Thursday, July 19. The business service provider reported $ 5.01 EPS for the quarter on top of Zacks' consensus estimate of $ 4.64 with $ 0.37. Alliance Data Systems had a return on equity of 59.18% and a net margin of 11.35%. The company had sales of $ 1.97 billion during the quarter compared to the $ 1.93 billion consensus estimate. In the same period of the previous year, the company earned $ 3.84 EPS. The turnover of the company increased by 8.1% on an annual basis. Research analysts expect Alliance Data Systems Co. 21.6 per share for the current year will book.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 19. Shareholders of record on Tuesday, August 14 will receive a dividend of $ 0.57. The ex-dividend date is Monday, August 13. This represents a $ 2.28 dividend on an annual basis and a dividend yield of 0.95%. The payout ratio of Alliance Data Systems is 12.47%.
Alliance Data Systems has announced that the Board of Directors has approved a redemption plan on Monday, July 30, allowing the company to redeem $ 500.00 million in shares. This redemption license gives the business service provider the possibility to take back up to 4% of its shares through open market purchases. Share purchase plans are usually an indication that the company's leadership believes that the share is undervalued.
Several stock research analysts recently weighed on the company. JPMorgan Chase & Co. has increased Alliance Data Systems from a "neutral" rating to an "overweight" rating and set a price target of $ 281.00 for the company in a report on Tuesday, August 14th. ValuEngine brought Alliance Data Systems from a "strong sales" score to a "sell" score in a report on Friday 10 August. Zacks Investment Research lowered Alliance Data Systems from a "buy" rating to a "hold" rating in a report on Thursday, August 9th. Jefferies Financial Group confirmed a "buy" rating and set a $ 280.00 price target on Alliance Data Systems shares in a research report on Tuesday, August 7. Finally, Stephens confirmed a "buy" rating and set a price target of $ 288.00 on Alliance Data Systems shares in a study letter on Friday, July 20. Three equity research analysts have rated the shares with a sell rating, eight have a hold rating and twelve have assigned a buy-rating to the shares. Alliance Data Systems currently has a consensus score of "Hold" and an average target price of $ 263.18.
In other news: CFO Charles L. Horn sold 16,035 shares of the company in a transaction on Tuesday 24 July. The stock was sold at an average price of $ 232.58, for a total value of $ 3,729,420.30. After the completion of the sale, the Chief Financial Officer now holds 28,688 shares in the company, valued at $ 6,672,255.04. The sale was announced in a legal application to the SEC, which is available via this link. EVP Bryan A. Pearson also sold 3,424 shares of the company's shares in a transaction on Tuesday 14 August. The shares were sold at an average price of $ 231.67, for a total value of $ 793,238.08. The information for this sale can be found here. Insiders hold 2.60% of the company's shares.
Alliance Data Systems Company profile
Alliance Data Systems Corporation delivers worldwide data-driven marketing and loyalty solutions. It works in 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. ; s.
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