Alliance Data Systems Corporation (ADS) Holdings Lessened by BlackRock Inc.

BlackRock Inc. lessened its holdings in shares of Alliance Data Systems Corporation (NYSE:ADS) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,220,865 shares of the business services provider’s stock after selling 113,985 shares during the period. BlackRock Inc. owned about 5.79% of Alliance Data Systems Corporation worth $826,763,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Johnson Financial Group Inc. boosted its holdings in shares of Alliance Data Systems Corporation by 9.8% in the first quarter. Johnson Financial Group Inc. now owns 426 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 38 shares during the period. Fiduciary Trust Co. purchased a new stake in shares of Alliance Data Systems Corporation in the second quarter valued at approximately $108,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Alliance Data Systems Corporation by 5.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 488 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 26 shares during the period. FNY Partners Fund LP boosted its holdings in shares of Alliance Data Systems Corporation by 163.0% in the first quarter. FNY Partners Fund LP now owns 526 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 326 shares during the period. Finally, Invictus RG boosted its holdings in shares of Alliance Data Systems Corporation by 189.7% in the first quarter. Invictus RG now owns 565 shares of the business services provider’s stock valued at $141,000 after purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 96.04% of the company’s stock.

A number of analysts have weighed in on the company. Zacks Investment Research lowered Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Jefferies Group LLC restated a “buy” rating and set a $270.00 target price on shares of Alliance Data Systems Corporation in a report on Friday, July 14th. Argus assumed coverage on Alliance Data Systems Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $309.00 target price for the company. BidaskClub upgraded Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Finally, ValuEngine upgraded Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. Alliance Data Systems Corporation has a consensus rating of “Hold” and an average target price of $255.47.

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Alliance Data Systems Corporation (NYSE ADS) opened at 215.05 on Wednesday. The company has a 50-day moving average of $224.76 and a 200-day moving average of $242.73. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 24.52 and a beta of 1.76. Alliance Data Systems Corporation has a 52 week low of $197.69 and a 52 week high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last released its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.37. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.85 billion. Alliance Data Systems Corporation had a net margin of 6.77% and a return on equity of 59.67%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.68 earnings per share. Analysts anticipate that Alliance Data Systems Corporation will post $18.05 earnings per share for the current year.

Alliance Data Systems Corporation announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 27th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Monday, August 14th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Thursday, August 10th. Alliance Data Systems Corporation’s dividend payout ratio is currently 23.69%.

About Alliance Data Systems Corporation

Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. 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.

Institutional Ownership by Quarter for Alliance Data Systems Corporation (NYSE:ADS)

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