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Russell Investments Group Ltd. Purchases 18,077 Shares of Alliance Data Systems Co. (NYSE:ADS)

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Russell Investments Group Ltd. grew its position in Alliance Data Systems Co. (NYSE:ADS) by 14.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,049 shares of the business services provider’s stock after acquiring an additional 18,077 shares during the period. Russell Investments Group Ltd.’s holdings in Alliance Data Systems were worth $14,137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Holdings Inc. grew its position in Alliance Data Systems by 5.9% during the 3rd quarter. Advisor Group Holdings Inc. now owns 7,704 shares of the business services provider’s stock worth $781,000 after acquiring an additional 428 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Alliance Data Systems by 2.1% during the third quarter. PNC Financial Services Group Inc. now owns 17,467 shares of the business services provider’s stock worth $1,762,000 after purchasing an additional 353 shares during the last quarter. Hancock Whitney Corp grew its holdings in shares of Alliance Data Systems by 1.6% during the third quarter. Hancock Whitney Corp now owns 27,752 shares of the business services provider’s stock worth $2,800,000 after purchasing an additional 425 shares during the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of Alliance Data Systems by 173.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 3,743 shares of the business services provider’s stock valued at $378,000 after buying an additional 2,373 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of Alliance Data Systems by 2.7% in the third quarter. LSV Asset Management now owns 406,200 shares of the business services provider’s stock valued at $40,981,000 after buying an additional 10,600 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

ADS has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of Alliance Data Systems from $134.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, December 6th. Oppenheimer lowered their price target on shares of Alliance Data Systems from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, October 13th. Royal Bank of Canada reduced their price objective on Alliance Data Systems from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Friday, October 29th. Truist Securities lowered their target price on Alliance Data Systems from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, November 1st. Finally, Truist cut their price target on Alliance Data Systems from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, November 1st. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Alliance Data Systems presently has an average rating of “Buy” and an average target price of $118.50.

NYSE:ADS opened at $72.29 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.48 and a debt-to-equity ratio of 2.78. Alliance Data Systems Co. has a 1-year low of $63.44 and a 1-year high of $128.16. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 4.54 and a beta of 2.29. The business’s 50-day moving average price is $73.13 and its two-hundred day moving average price is $89.01.

Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings results on Thursday, October 28th. The business services provider reported $4.47 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.91. Alliance Data Systems had a return on equity of 51.65% and a net margin of 18.47%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business posted $3.36 EPS. Alliance Data Systems’s revenue was up 4.6% on a year-over-year basis. Sell-side analysts predict that Alliance Data Systems Co. will post 18.09 earnings per share for the current year.

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

Alliance Data Systems Company Profile

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.

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