Alliance Data Systems (NYSE:ADS) Stock Price Up 4.6%

Alliance Data Systems Co. (NYSE:ADS) shares rose 4.6% during trading on Thursday . The stock traded as high as $75.28 and last traded at $75.22. Approximately 11,501 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 760,955 shares. The stock had previously closed at $71.94.

ADS has been the topic of several research analyst reports. Royal Bank of Canada dropped their price objective on Alliance Data Systems from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Friday, October 29th. Morgan Stanley dropped their price objective on Alliance Data Systems from $134.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, December 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on Alliance Data Systems from $125.00 to $115.00 in a report on Tuesday. Oppenheimer dropped their price objective on Alliance Data Systems from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, October 13th. Finally, Truist Securities dropped their price objective on Alliance Data Systems from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, November 1st. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $118.50.

The stock has a market cap of $3.60 billion, a PE ratio of 4.54 and a beta of 2.29. The company has a quick ratio of 1.48, a current ratio of 1.50 and a debt-to-equity ratio of 2.78. The stock has a 50-day moving average of $72.29 and a 200 day moving average of $88.30.

Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings data on Thursday, October 28th. The business services provider reported $4.47 EPS for the quarter, topping the Zacks’ consensus estimate of $3.56 by $0.91. Alliance Data Systems had a return on equity of 51.65% and a net margin of 18.47%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $3.36 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Research analysts forecast that Alliance Data Systems Co. will post 18.19 EPS for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Friday, November 5th. Investors of record on Tuesday, November 9th were given a dividend of $0.21 per share. The ex-dividend date was Monday, November 8th. This represents a yield of 0.99%. Alliance Data Systems’s payout ratio is 5.27%.

Large investors have recently bought and sold shares of the business. Mackenzie Financial Corp raised its position in Alliance Data Systems by 6.0% in the second quarter. Mackenzie Financial Corp now owns 151,025 shares of the business services provider’s stock valued at $15,735,000 after purchasing an additional 8,491 shares during the period. Capital Fund Management S.A. purchased a new stake in Alliance Data Systems in the second quarter valued at $3,297,000. Great West Life Assurance Co. Can raised its position in Alliance Data Systems by 14.7% in the second quarter. Great West Life Assurance Co. Can now owns 25,786 shares of the business services provider’s stock valued at $2,686,000 after purchasing an additional 3,310 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Alliance Data Systems by 3.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 194,492 shares of the business services provider’s stock valued at $20,264,000 after purchasing an additional 6,277 shares during the period. Finally, Hennessy Advisors Inc. raised its holdings in shares of Alliance Data Systems by 9.8% in the 3rd quarter. Hennessy Advisors Inc. now owns 67,000 shares of the business services provider’s stock valued at $6,760,000 after buying an additional 6,000 shares during the period. Institutional investors own 90.00% of the company’s stock.

About Alliance Data Systems (NYSE:ADS)

Alliance Data Systems Corp. engages in the provision of data-driven and transaction-based marketing, customer loyalty and payment solutions. It operates through the following segments: LoyaltyOne, Epsilon and Card Services. The LoyaltyOne segment provides coalition and short-term loyalty programs. The Epsilon segment offers end-to-end, integrated marketing solutions.

Further Reading: Return On Assets

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