Alliance Data Systems (NYSE:ADS) coverage initiated by StockNews.com analysts


StockNews.com began covering stocks of Alliance Data Systems (NYSE: ADS – Get an Assessment) in a research note released Thursday to investors. The brokerage has set a “hold” rating on the shares of the business services provider.

Several other analysts have also recently commented on the stock. Wolfe Research downgraded shares of Alliance Data Systems from an “outperform” rating to a “peer performance” rating in a Thursday, March 17 research report. Deutsche Bank Aktiengesellschaft lowered its price target on Alliance Data Systems shares from $115.00 to $85.00 and set a “hold” rating for the company in a Monday, February 14 research report. Oppenheimer downgraded shares of Alliance Data Systems from an “outperforming” rating to a “market performing” rating in a Monday, March 7 research report. Bank of America lowered its price target on shares of Alliance Data Systems from $102.00 to $89.00 in a Thursday, March 17 research report. Finally, Royal Bank of Canada lowered its target price on Alliance Data Systems shares from $90.00 to $80.00 in a Friday, January 28 research report. Nine analysts gave the stock a hold rating and six gave the stock a buy rating. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $109.09.

The company has a debt ratio of 0.95, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $2.84 billion, a PE ratio of 3.55 and a beta of 2.10. The stock’s 50-day moving average is $63.61 and its 200-day moving average is $74.44. Alliance Data Systems has a fifty-two week low of $53.30 and a fifty-two week high of $128.16.

Alliance Data Systems (NYSE:ADS – Get Rating) last released its quarterly results on Thursday, January 27. The business services provider reported EPS of $1.21 for the quarter, beating the consensus estimate of $0.47 by $0.74. The company posted revenue of $855.00 million in the quarter, compared to $929.30 million expected by analysts. Alliance Data Systems posted a net margin of 19.75% and a return on equity of 43.42%. During the same period last year, the company posted earnings per share of $3.21. On average, analysts predict that Alliance Data Systems will post an EPS of 11.74 for the current fiscal year.

Alliance Data Systems said its board approved a stock repurchase plan on Tuesday (March 1) that allows the company to repurchase 200,000 shares. This repurchase authorization authorizes the business service provider to acquire shares of its capital through purchases on the open market. Stock buyback plans are usually an indication that the company’s board of directors believe its stock is undervalued.

A number of large investors have recently increased or reduced their holdings in ADS. Morgan Stanley increased its stake in Alliance Data Systems by 6.1% in the second quarter. Morgan Stanley now owns 556,687 shares of the business services provider valued at $58,000,000 after buying an additional 32,005 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Alliance Data Systems by 3.3% in the third quarter. New Jersey State Joint Pension Fund D now owns 29,417 shares of the business services provider worth $2,968,000 after buying 937 additional shares last quarter. Sigma Planning Corp increased its stake in Alliance Data Systems shares by 10.6% in the third quarter. Sigma Planning Corp now owns 2,218 shares of the business services provider valued at $224,000 after buying 213 additional shares last quarter. Nordea Investment Management AB increased its stake in the shares of Alliance Data Systems by 100.0% in the third quarter. Nordea Investment Management AB now owns 97,694 shares of the business services provider valued at $10,010,000 after buying an additional 48,847 shares last quarter. Finally, Inverness Counsel LLC NY increased its stake in the shares of Alliance Data Systems by 89.6% in the 3rd quarter. Inverness Counsel LLC NY now owns 4,137 shares of the business services provider valued at $417,000 after buying an additional 1,955 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s shares.

About Alliance Data Systems (Get a rating)

Alliance Data Systems Corp. engages in the provision of data and transaction-based marketing, customer loyalty and payment solutions. Its products and services include credit cards, loan financing, processing and maintenance, marketing, data and analytics, and digital offerings. The company was founded in 1996 and is based in Columbus, Ohio.

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