Alliance Data Systems Corporation (NYSE:ADS) Stake Lowered by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in Alliance Data Systems Corporation (NYSE:ADS) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,566 shares of the business services provider’s stock after selling 4,559 shares during the quarter. New York State Teachers Retirement System owned about 0.16% of Alliance Data Systems Corporation worth $19,400,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ADS. Vanguard Group Inc. boosted its position in shares of Alliance Data Systems Corporation by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,353,265 shares of the business services provider’s stock valued at $1,374,130,000 after acquiring an additional 43,960 shares during the last quarter. Northern Trust Corp raised its holdings in Alliance Data Systems Corporation by 41.3% during the 2nd quarter. Northern Trust Corp now owns 1,308,680 shares of the business services provider’s stock valued at $335,925,000 after buying an additional 382,814 shares during the period. OMERS ADMINISTRATION Corp raised its holdings in Alliance Data Systems Corporation by 8.1% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 769,200 shares of the business services provider’s stock valued at $197,446,000 after buying an additional 57,481 shares during the period. TimesSquare Capital Management LLC raised its holdings in Alliance Data Systems Corporation by 2.9% during the 2nd quarter. TimesSquare Capital Management LLC now owns 676,889 shares of the business services provider’s stock valued at $173,751,000 after buying an additional 18,922 shares during the period. Finally, Sustainable Growth Advisers LP raised its holdings in Alliance Data Systems Corporation by 5.9% during the 2nd quarter. Sustainable Growth Advisers LP now owns 596,256 shares of the business services provider’s stock valued at $153,053,000 after buying an additional 33,413 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Shares of Alliance Data Systems Corporation (ADS) opened at $226.17 on Wednesday. The company has a debt-to-equity ratio of 9.53, a current ratio of 2.11 and a quick ratio of 2.09. The company has a market capitalization of $12,386.75, a P/E ratio of 13.32, a PEG ratio of 0.97 and a beta of 1.78. Alliance Data Systems Corporation has a 12-month low of $207.27 and a 12-month high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last issued its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.80 by $0.55. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.97 billion. Alliance Data Systems Corporation had a return on equity of 62.95% and a net margin of 7.09%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.74 earnings per share. sell-side analysts anticipate that Alliance Data Systems Corporation will post 17.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 14th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Monday, November 13th. Alliance Data Systems Corporation’s dividend payout ratio is presently 22.06%.

Alliance Data Systems Corporation declared that its board has authorized a share buyback program on Thursday, July 27th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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A number of analysts have weighed in on the company. BidaskClub lowered Alliance Data Systems Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $302.00 price objective on shares of Alliance Data Systems Corporation in a research report on Thursday, August 3rd. Barclays PLC downgraded Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $285.00 to $265.00 in a research report on Friday, July 21st. ValuEngine downgraded Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Argus reaffirmed a “buy” rating and set a $290.00 price objective (down previously from $309.00) on shares of Alliance Data Systems Corporation in a research report on Sunday, July 30th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $257.00.

Alliance Data Systems Corporation Profile

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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