Traders Are Bullish Alliance Data Systems Corporation (ADS) After The Stock Formed Bullish Multiple Top Chart Pattern

September 17, 2017 - By Marry Poplack

Investors sentiment decreased to 0.76 in Q4 2016. Its down 0.15, from 0.91 in 2016Q3. It is negative, as 40 investors sold Alliance Data Systems Corporation shares while 196 reduced holdings. 55 funds opened positions while 124 raised stakes. 53.34 million shares or 1.20% more from 52.71 million shares in 2016Q3 were reported.
Thomas White Int owns 6,532 shares for 0.22% of their portfolio. Emory University owns 7,734 shares. Capstone Asset Communication invested 0.03% of its portfolio in Alliance Data Systems Corporation (NYSE:ADS). Stifel Corporation stated it has 36,414 shares. Cornerstone Advisors invested 0% in Alliance Data Systems Corporation (NYSE:ADS). Natl Bank Of Montreal Can holds 0.1% or 422,245 shares. North Forty Management Ltd Co invested 0.05% of its portfolio in Alliance Data Systems Corporation (NYSE:ADS). Conning has invested 0.01% in Alliance Data Systems Corporation (NYSE:ADS). Artemis Investment Llp holds 0.09% of its portfolio in Alliance Data Systems Corporation (NYSE:ADS) for 14,361 shares. Lenox Wealth holds 0.01% or 166 shares in its portfolio. Ameritas Invest Prtnrs reported 1,399 shares stake. Rhumbline Advisers owns 0.06% invested in Alliance Data Systems Corporation (NYSE:ADS) for 103,595 shares. Creative Planning invested 0% of its portfolio in Alliance Data Systems Corporation (NYSE:ADS). Mcf Advisors Limited Liability Company invested in 0% or 7 shares. Virginia Retirement Systems Et Al reported 54,700 shares.

The stock of Alliance Data Systems Corporation (ADS) shows a multiple tops pattern with $235.44 target or 9.00 % above today’s $216.00 share price. The 7 months chart pattern indicates low risk for the $11.98 billion company. It was reported on Sep, 17 by Finviz.com. If the $235.44 price target is reached, the company will be worth $1.08 billion more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 1.31% or $2.87 on September 15, reaching $216. About 2.22M shares traded or 292.60% up from the average. Alliance Data Systems Corporation (NYSE:ADS) has risen 14.47% since September 17, 2016 and is uptrending. It has underperformed by 2.23% the S&P500.

Investors wait Alliance Data Systems Corporation (NYSE:ADS) to report on October, 19. its quarterly earnings Wall Street analysts expect $4.80 earnings per share, up $0.26 or 5.73 % from last year’s $4.54 same quarter earnings. This translates into $266.22 million profit for ADS giving the stock a 11.25 P/E. This is assuming the current $4.80 EPS is accurate. Alliance Data Systems Corporation’s Wall Street analysts see 34.08 % EPS growth, taking into account the $3.58 EPS reproted in the previous quarter,

Alliance Data Systems Corporation (NYSE:ADS) Ratings Coverage

Among 29 analysts covering Alliance Data Systems (NYSE:ADS), 15 have Buy rating, 3 Sell and 11 Hold. Therefore 52% are positive. Alliance Data Systems had 53 analyst reports since August 9, 2015 according to SRatingsIntel. The company was upgraded on Friday, August 14 by JP Morgan. As per Wednesday, August 17, the company rating was downgraded by Credit Suisse. As per Friday, September 9, the company rating was initiated by Wedbush. On Friday, July 28 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by IBC with “Underperform” on Wednesday, April 12. The firm has “Outperform” rating given on Friday, January 29 by RBC Capital Markets. The firm has “Outperform” rating by Cowen & Co given on Wednesday, September 30. The firm has “Neutral” rating given on Tuesday, April 26 by Susquehanna. The rating was downgraded by JP Morgan to “Neutral” on Friday, December 9. KeyBanc Capital Markets maintained the stock with “Hold” rating in Wednesday, August 23 report.

More important recent Alliance Data Systems Corporation (NYSE:ADS) news were published by: Nasdaq.com which released: “Why Is Alliance Data (ADS) Down 6.5% Since the Last Earnings Report?” on August 21, 2017, also Seekingalpha.com published article titled: “Alliance Data Systems: Continued Impressive Growth Faces Significant Headwinds”, Prnewswire.com published: “Alliance Data to Participate at the 2017 Deutsche Bank Technology Conference” on August 31, 2017. More interesting news about Alliance Data Systems Corporation (NYSE:ADS) was released by: Finance.Yahoo.com and their article: “Is Alliance Data a Great Stock for Value Investors?” with publication date: August 21, 2017.

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