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

Shares of Alliance Data Systems Co. (NYSE:ADS) rose 4.6% during mid-day trading on Thursday . The company traded as high as $75.28 and last traded at $75.22. Approximately 11,501 shares traded hands during 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 subject of a number of analyst reports. Truist cut their target price on Alliance Data Systems from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, November 1st. Oppenheimer lowered their price target 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. Royal Bank of Canada lowered their price target 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 lowered their price target 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. Finally, Truist Securities lowered their price target 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 investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $118.50.

The firm has a fifty day moving average price of $72.29 and a 200-day moving average price of $88.30. 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 firm has a market cap of $3.60 billion, a price-to-earnings ratio of 4.54 and a beta of 2.29.

Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings data on Thursday, October 28th. The business services provider reported $4.47 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the firm earned $3.36 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. Equities research analysts anticipate that Alliance Data Systems Co. will post 18.19 earnings per share for the current fiscal year.

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

Several hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in shares of Alliance Data Systems by 2.2% during the second quarter. Commonwealth Equity Services LLC now owns 5,012 shares of the business services provider’s stock worth $522,000 after purchasing an additional 106 shares during the last quarter. Profund Advisors LLC raised its position in shares of Alliance Data Systems by 4.2% in the 2nd quarter. Profund Advisors LLC now owns 2,779 shares of the business services provider’s stock worth $290,000 after buying an additional 112 shares during the period. Shell Asset Management Co. raised its position in shares of Alliance Data Systems by 5.8% in the 2nd quarter. Shell Asset Management Co. now owns 2,535 shares of the business services provider’s stock worth $264,000 after buying an additional 140 shares during the period. LPL Financial LLC raised its position in shares of Alliance Data Systems by 5.2% in the 3rd quarter. LPL Financial LLC now owns 3,708 shares of the business services provider’s stock worth $374,000 after buying an additional 183 shares during the period. Finally, Prospera Financial Services Inc raised its position in shares of Alliance Data Systems by 1.5% in the 2nd quarter. Prospera Financial Services Inc now owns 13,832 shares of the business services provider’s stock worth $1,441,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

Alliance Data Systems Company Profile (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.

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