Alliance Data Systems Corporation (ADS) was Downgraded by Pacific Crest to ” Sector Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Pacific Crest advised their investors in a research report released on Sep 26, 2016.
Many Wall Street Analysts have commented on Alliance Data Systems Corporation. Wedbush Initiated Alliance Data Systems Corporation on Sep 9, 2016 to “Neutral”, Price Target of the shares are set at $225.Alliance Data Systems Corporation was Downgraded by Credit Suisse to ” Underperform” on Aug 17, 2016. Alliance Data Systems Corporation was Downgraded by BMO Capital Markets to ” Market Perform” on Jul 22, 2016.
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.
Alliance Data Systems Corporation opened for trading at $216.26 and hit $218.602 on the upside on Thursday, eventually ending the session at $218.06, with a gain of 1.13% or 2.43 points. The heightened volatility saw the trading volume jump to 4,38,741 shares. Company has a market cap of $12,763 M.
In a different news, on Jun 2, 2016, Bruce K Anderson (director) sold 354 shares at $221.70 per share price. According to the SEC, on Feb 12, 2016, Bryan A Pearson (EVP & President, LoyaltyOne) sold 3,724 shares at $180.78 per share price. On Nov 5, 2015, Melisa A Miller (EVP & Pres, Card Services) sold 5,100 shares at $295.45 per share price, according to the Form-4 filing with the securities and exchange commission.
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.