Alliance Data Systems (NYSE:ADS) was downgraded by research analysts at Cowen from an “outperform” rating to a “market perform” rating in a research report issued on Monday, Marketbeat.com reports.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Alliance Data Systems from a “hold” rating to a “buy” rating and set a $296.00 target price for the company in a research note on Friday, January 5th. Royal Bank of Canada reiterated a “buy” rating and issued a $293.00 target price on shares of Alliance Data Systems in a research note on Thursday, January 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $300.00 target price on shares of Alliance Data Systems in a research note on Friday, October 6th. Oppenheimer set a $208.00 target price on shares of Alliance Data Systems and gave the stock a “sell” rating in a research note on Thursday, October 19th. Finally, Barclays reiterated an “equal weight” rating and issued a $298.00 target price (up previously from $278.00) on shares of Alliance Data Systems in a research note on Monday, January 8th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Alliance Data Systems currently has an average rating of “Hold” and an average price target of $276.44.
Shares of Alliance Data Systems (NYSE ADS) traded down $5.34 during mid-day trading on Monday, reaching $256.51. 904,332 shares of the company’s stock traded hands, compared to its average volume of 679,428. The company has a market capitalization of $14,240.00, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 0.98 and a beta of 1.79. The company has a current ratio of 1.91, a quick ratio of 2.09 and a debt-to-equity ratio of 8.02. Alliance Data Systems has a twelve month low of $209.00 and a twelve month high of $278.33.
In related news, CFO Charles L. Horn sold 2,128 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $235.00, for a total transaction of $500,080.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. ETF Managers Group LLC purchased a new position in Alliance Data Systems during the second quarter valued at approximately $128,000. WFG Advisors LP grew its stake in Alliance Data Systems by 135.9% during the second quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock valued at $174,000 after acquiring an additional 390 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in Alliance Data Systems during the fourth quarter valued at approximately $190,000. Cubic Asset Management LLC purchased a new position in Alliance Data Systems during the fourth quarter valued at approximately $208,000. Finally, CAPROCK Group Inc. purchased a new position in Alliance Data Systems in the 4th quarter worth approximately $268,000. 94.87% of the stock is owned by institutional investors.
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Alliance Data Systems Company Profile
Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. 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.
