Alliance Data Systems Corporation (ADS) : Riverpark Capital Management scooped up 9,686 additional shares in Alliance Data Systems Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 38,313 shares of Alliance Data Systems Corporation which is valued at $8,517,746.Alliance Data Systems Corporation makes up approximately 3.86% of Riverpark Capital Management’s portfolio.
Other Hedge Funds, Including , Proficio Capital Partners boosted its stake in ADS in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 8 shares of Alliance Data Systems Corporation which is valued at $1,853.Standard Life Investments Ltd reduced its stake in ADS by selling 1,514,386 shares or 97.92% in the most recent quarter. The Hedge Fund company now holds 32,222 shares of ADS which is valued at $7,522,870. Alliance Data Systems Corporation makes up approx 0.03% of Standard Life Investments Ltd’s portfolio.Advisory Services Network reduced its stake in ADS by selling 6 shares or 9.23% in the most recent quarter. The Hedge Fund company now holds 59 shares of ADS which is valued at $13,775.Wealthtrust-arizona boosted its stake in ADS in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 67 shares of Alliance Data Systems Corporation which is valued at $15,482. Alliance Data Systems Corporation makes up approx 0.01% of Wealthtrust-arizona’s portfolio.
Alliance Data Systems Corporation closed down -3.02 points or -1.36% at $219.3 with 6,76,587 shares getting traded on Thursday. Post opening the session at $221.97, the shares hit an intraday low of $216.6 and an intraday high of $222.8339 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Alliance Data Systems Corporation reported $3.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $3.59. The company had revenue of $1748.80 million for the quarter, compared to analysts expectations of $1641.29 million. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.32 EPS.
Many Wall Street Analysts have commented on Alliance Data Systems Corporation. Alliance Data Systems Corporation was Downgraded by BMO Capital Markets to ” Market Perform” on Jul 22, 2016. Alliance Data Systems Corporation was Downgraded by Stifel to ” Hold” on Jul 18, 2016. Shares were Reiterated by Barclays on Jul 7, 2016 to “Overweight” and Lowered the Price Target to $ 240 from a previous price target of $280 .
Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a variety of industries. The Company operates through three segments: LoyaltyOne which includes the Company’s Canadian AIR MILES Reward Program and BrandLoyalty; Epsilon which provides direct marketing solutions and Private Label Services and Credit which provides risk management solutions account origination funding transaction processing customer care collections and marketing services for the Company’s private label and co-brand retail credit card programs. 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.