Swiss National Bank Purchases 300 Shares of Alliance Data Systems Co. (NYSE:ADS)

Swiss National Bank lifted its position in shares of Alliance Data Systems Co. (NYSE:ADS) by 0.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 104,323 shares of the business services provider’s stock after buying an additional 300 shares during the quarter. Swiss National Bank’s holdings in Alliance Data Systems were worth $10,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Alliance Data Systems during the second quarter valued at approximately $43,000. Berman Capital Advisors LLC increased its position in shares of Alliance Data Systems by 108.2% during the third quarter. Berman Capital Advisors LLC now owns 608 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 316 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of Alliance Data Systems by 845.1% during the third quarter. AdvisorNet Financial Inc now owns 671 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 600 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Alliance Data Systems by 651.1% in the second quarter. Rockefeller Capital Management L.P. now owns 691 shares of the business services provider’s stock worth $71,000 after purchasing an additional 599 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Alliance Data Systems in the second quarter worth approximately $73,000. 90.00% of the stock is owned by institutional investors.

ADS opened at $72.37 on Friday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.48 and a current ratio of 1.50. Alliance Data Systems Co. has a fifty-two week low of $63.44 and a fifty-two week high of $128.16. The firm’s fifty day moving average is $72.29 and its 200 day moving average is $88.30. The stock 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 released its earnings results on Thursday, October 28th. The business services provider reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.56 by $0.91. Alliance Data Systems had a net margin of 18.47% and a return on equity of 51.65%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company earned $3.36 EPS. Alliance Data Systems’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts predict that Alliance Data Systems Co. will post 18.19 earnings per share for the current year.

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

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

About Alliance Data Systems

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.

Featured Story: What does the Producer Price Index (PPI) tell investors?

Want to see what other hedge funds are holding ADS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliance Data Systems Co. (NYSE:ADS).

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

Receive News & Ratings for Alliance Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.