Bank of Montreal Can grew its stake in Alliance Data Systems Co. (NYSE:ADS) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 588,900 shares of the business services provider’s stock after purchasing an additional 48,900 shares during the quarter. Bank of Montreal Can owned approximately 0.09% of Alliance Data Systems worth $63,723,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of ADS. Xact Kapitalforvaltning AB grew its position in shares of Alliance Data Systems by 100.7% during the fourth quarter. Xact Kapitalforvaltning AB now owns 7,864 shares of the business services provider’s stock worth $649,000 after acquiring an additional 3,976 shares during the period. Neuberger Berman Group LLC bought a new position in shares of Alliance Data Systems during the third quarter worth approximately $53,178,000. Pacific Ridge Capital Partners LLC bought a new position in shares of Alliance Data Systems during the fourth quarter worth approximately $32,866,000. Janus Henderson Group PLC bought a new position in shares of Alliance Data Systems during the third quarter worth approximately $24,199,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Alliance Data Systems by 18.5% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 38,867 shares of the business services provider’s stock worth $3,231,000 after acquiring an additional 6,000 shares during the period. 94.99% of the stock is currently owned by institutional investors.
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ADS stock opened at $423.27 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 2.18 and a current ratio of 2.18. The stock has a market capitalization of $15.89 billion, a PE ratio of 13.53, a P/E/G ratio of 0.93 and a beta of 1.16. Alliance Data Systems Co. has a 1 year low of $404.51 and a 1 year high of $655.90.
Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings data on Thursday, December 6th. The business services provider reported $18.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $18.42 by $0.15. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Alliance Data Systems had a return on equity of 81.94% and a net margin of 10.56%. Alliance Data Systems’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $16.55 earnings per share. As a group, sell-side analysts forecast that Alliance Data Systems Co. will post 79.43 EPS for the current fiscal year.
Several research firms have weighed in on ADS. William Blair restated a “buy” rating on shares of Alliance Data Systems in a research note on Tuesday, January 8th. Zacks Investment Research upgraded Alliance Data Systems from a “hold” rating to a “buy” rating and set a $665.00 price objective for the company in a research note on Tuesday, January 8th. DA Davidson reiterated a “buy” rating and issued a $850.00 price objective on shares of Alliance Data Systems in a research note on Monday, December 10th. BMO Capital Markets upped their price objective on Alliance Data Systems from $696.00 to $680.00 and gave the company a “market perform” rating in a research note on Friday, December 7th. Finally, Stephens started coverage on Alliance Data Systems in a research note on Tuesday, November 27th. They issued an “overweight” rating and a $670.00 price objective for the company. Six research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $661.35.
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