Alliance Data Systems (NYSE:ADS) was upgraded by investment analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat reports. The brokerage currently has a $125.00 price objective on the business services provider’s stock. Oppenheimer’s price target would suggest a potential upside of 17.25% from the stock’s current price. Oppenheimer also issued estimates for Alliance Data Systems’ Q4 2019 earnings at $4.30 EPS, Q1 2020 earnings at $4.21 EPS, Q2 2020 earnings at $4.64 EPS, Q3 2020 earnings at $5.95 EPS, Q4 2020 earnings at $6.61 EPS, FY2020 earnings at $21.43 EPS and FY2021 earnings at $23.34 EPS.
Several other research analysts also recently commented on the company. Wells Fargo & Co downgraded Alliance Data Systems from an “outperform” rating to a “market perform” rating and set a $115.00 target price for the company. in a research note on Friday, October 25th. Warburg Research restated a “neutral” rating and issued a $280.00 target price on shares of Alliance Data Systems in a research note on Monday, October 21st. Robert W. Baird set a $173.00 price target on Alliance Data Systems and gave the company a “hold” rating in a research report on Friday, July 19th. Goldman Sachs Group reiterated a “buy” rating and set a $310.00 price target on shares of Alliance Data Systems in a research report on Thursday, October 17th. Finally, JMP Securities dropped their price target on 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. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $182.44.
NYSE ADS traded down $0.57 during trading hours on Monday, hitting $106.61. The company had a trading volume of 504,874 shares, compared to its average volume of 820,403. Alliance Data Systems has a 52 week low of $99.20 and a 52 week high of $203.84. The firm has a 50 day simple moving average of $115.79 and a 200 day simple moving average of $136.03. The company has a debt-to-equity ratio of 8.91, a quick ratio of 2.08 and a current ratio of 2.10. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 4.94, a PEG ratio of 0.52 and a beta of 1.63.
In related news, major shareholder Holdings L.P. Valueact sold 2,000,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $101.50, for a total transaction of $203,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Valueact Capital Master Fund, sold 960,007 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $16.43, for a total value of $15,772,915.01. Company insiders own 2.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC purchased a new position in shares of Alliance Data Systems during the 2nd quarter valued at about $28,000. Johnson Financial Group Inc. raised its holdings in shares of Alliance Data Systems by 940.9% during the 2nd quarter. Johnson Financial Group Inc. now owns 229 shares of the business services provider’s stock valued at $32,000 after buying an additional 207 shares in the last quarter. Whitnell & Co. purchased a new position in shares of Alliance Data Systems during the 3rd quarter valued at about $36,000. Rational Advisors LLC raised its holdings in shares of Alliance Data Systems by 83.4% during the 3rd quarter. Rational Advisors LLC now owns 310 shares of the business services provider’s stock valued at $40,000 after buying an additional 141 shares in the last quarter. Finally, CSat Investment Advisory L.P. raised its holdings in shares of Alliance Data Systems by 92.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 436 shares of the business services provider’s stock valued at $61,000 after buying an additional 209 shares in the last quarter. 89.44% of the stock is currently owned by institutional investors.
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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