Research analysts at Oppenheimer Holdings Inc. initiated coverage on shares of Alliance Data Systems Co. (NYSE:ADS) in a research note issued to investors on Tuesday, May 16th. The firm set a “sell” rating and a $185.00 price target on the business services provider’s stock. Oppenheimer Holdings Inc.’s target price indicates a potential downside of 21.78% from the stock’s previous close.
ADS has been the topic of several other reports. Barclays PLC reissued a “buy” rating on shares of Alliance Data Systems in a research report on Sunday, January 29th. TheStreet downgraded Alliance Data Systems from a “b-” rating to a “c” rating in a report on Thursday, January 26th. Zacks Investment Research upgraded Alliance Data Systems from a “hold” rating to a “buy” rating and set a $266.00 price target for the company in a report on Tuesday, January 17th. Cowen and Company reiterated an “outperform” rating and issued a $255.00 price target on shares of Alliance Data Systems in a report on Wednesday, April 19th. Finally, Raymond James Financial, Inc. downgraded Alliance Data Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 26th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $241.56.
Alliance Data Systems (NYSE ADS) opened at 236.51 on Tuesday. The stock has a market cap of $13.17 billion, a P/E ratio of 31.39 and a beta of 1.65. The company has a 50-day moving average of $247.89 and a 200 day moving average of $239.01. Alliance Data Systems has a 1-year low of $185.02 and a 1-year high of $266.25.
Alliance Data Systems (NYSE:ADS) last released its quarterly earnings results on Thursday, April 20th. The business services provider reported $3.91 EPS for the quarter, topping the consensus estimate of $3.64 by $0.27. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.81 billion. Alliance Data Systems had a return on equity of 54.59% and a net margin of 7.23%. Alliance Data Systems’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.84 EPS. Analysts predict that Alliance Data Systems will post $18.56 EPS for the current year. The company also recently announced a quarterly dividend, which will be paid on Monday, June 19th. Shareholders of record on Monday, May 15th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, May 11th. Alliance Data Systems’s payout ratio is currently 28.42%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Alliance Data Systems by 3,103.0% in the first quarter. BlackRock Inc. now owns 3,334,850 shares of the business services provider’s stock valued at $830,376,000 after buying an additional 3,230,733 shares during the last quarter. ValueAct Holdings L.P. raised its position in shares of Alliance Data Systems by 52.1% in the third quarter. ValueAct Holdings L.P. now owns 5,000,000 shares of the business services provider’s stock valued at $1,072,650,000 after buying an additional 1,712,090 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of Alliance Data Systems by 117.2% in the first quarter. Thrivent Financial For Lutherans now owns 1,108,415 shares of the business services provider’s stock valued at $275,995,000 after buying an additional 598,200 shares during the last quarter. Ruffer LLP purchased a new position in shares of Alliance Data Systems during the fourth quarter valued at $136,114,000. Finally, Sustainable Growth Advisers LP purchased a new position in shares of Alliance Data Systems during the third quarter valued at $109,860,000. 93.75% of the stock is currently owned by institutional investors. About Alliance Data Systems