Alliance Data Systems (NYSE:ADS) Given “Neutral” Rating at HSBC

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HSBC reaffirmed their neutral rating on shares of Alliance Data Systems (NYSE:ADS) in a research note published on Friday morning, Stock Target Advisor reports. The brokerage currently has a $300.00 target price on the business services provider’s stock.

A number of other research firms also recently issued reports on ADS. SunTrust Banks cut their target price on shares of Alliance Data Systems from $160.00 to $150.00 and set a buy rating on the stock in a research report on Tuesday, September 24th. Robert W. Baird set a $173.00 target price on shares of Alliance Data Systems and gave the company a hold rating in a research report on Friday, July 19th. ValuEngine upgraded shares of Alliance Data Systems from a strong sell rating to a sell rating in a research report on Wednesday, October 2nd. Buckingham Research restated a neutral rating and set a $169.00 target price on shares of Alliance Data Systems in a research report on Monday, July 22nd. Finally, Deutsche Bank upgraded shares of Alliance Data Systems from a hold rating to a buy rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Alliance Data Systems currently has a consensus rating of Hold and a consensus price target of $201.67.

Shares of NYSE:ADS opened at $123.54 on Friday. Alliance Data Systems has a 12 month low of $116.68 and a 12 month high of $223.10. The company’s 50-day moving average price is $126.09 and its two-hundred day moving average price is $144.21. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 7.16. The firm has a market cap of $6.30 billion, a P/E ratio of 6.16, a P/E/G ratio of 0.48 and a beta of 1.70.

Alliance Data Systems (NYSE:ADS) last released its earnings results on Thursday, July 18th. The business services provider reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.08 by ($0.42). Alliance Data Systems had a net margin of 13.01% and a return on equity of 46.72%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $5.01 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities analysts predict that Alliance Data Systems will post 18.88 earnings per share for the current fiscal year.

Alliance Data Systems announced that its Board of Directors has authorized a share repurchase plan on Tuesday, July 9th that permits the company to repurchase $1.10 billion in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 14.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

In related news, CFO Timothy P. King sold 2,600 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $156.30, for a total value of $406,380.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.80% of the company’s stock.

Large investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC bought a new stake in Alliance Data Systems during the 2nd quarter worth approximately $28,000. Johnson Financial Group Inc. increased its stake in Alliance Data Systems by 940.9% during the 2nd quarter. Johnson Financial Group Inc. now owns 229 shares of the business services provider’s stock worth $32,000 after purchasing an additional 207 shares in the last quarter. CSat Investment Advisory L.P. increased its stake in Alliance Data Systems by 92.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 436 shares of the business services provider’s stock worth $61,000 after purchasing an additional 209 shares in the last quarter. NuWave Investment Management LLC increased its stake in Alliance Data Systems by 232.5% during the 3rd quarter. NuWave Investment Management LLC now owns 562 shares of the business services provider’s stock worth $68,000 after purchasing an additional 393 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Alliance Data Systems during the 2nd quarter worth approximately $121,000. Institutional investors and hedge funds own 89.62% of the company’s stock.

Alliance Data Systems Company Profile

Alliance Data Systems Corporation provides data-driven marketing and loyalty solutions worldwide. It operates through three segments: LoyaltyOne, Epsilon, and Card Services. 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.

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Analyst Recommendations for Alliance Data Systems (NYSE:ADS)

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