State of Tennessee Treasury Department cut its position in shares of Alliance Data Systems Corporation (NYSE:ADS) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,563 shares of the business services provider’s stock after selling 8,783 shares during the period. State of Tennessee Treasury Department’s holdings in Alliance Data Systems Corporation were worth $32,510,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. ValueAct Holdings L.P. raised its position in shares of Alliance Data Systems Corporation by 52.1% in the third quarter. ValueAct Holdings L.P. now owns 5,000,000 shares of the business services provider’s stock worth $1,072,650,000 after buying an additional 1,712,090 shares during the last quarter. Ruffer LLP bought a new position in shares of Alliance Data Systems Corporation during the fourth quarter worth $136,114,000. Sustainable Growth Advisers LP bought a new position in shares of Alliance Data Systems Corporation during the third quarter worth $109,860,000. Norges Bank bought a new position in shares of Alliance Data Systems Corporation during the fourth quarter worth $79,830,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Alliance Data Systems Corporation during the fourth quarter worth $48,066,000. 99.99% of the stock is currently owned by hedge funds and other institutional investors.

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

Alliance Data Systems Corporation (NYSE:ADS) opened at 254.90 on Monday. The firm has a market capitalization of $14.19 billion, a P/E ratio of 33.83 and a beta of 1.78. The company’s 50-day moving average is $245.51 and its 200-day moving average is $239.75. Alliance Data Systems Corporation has a one year low of $185.02 and a one year high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last announced its earnings results on Thursday, April 20th. The business services provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.27. Alliance Data Systems Corporation had a return on equity of 57.03% and a net margin of 6.88%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm posted $3.84 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. Equities analysts forecast that Alliance Data Systems Corporation will post $18.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 19th. Stockholders of record on Monday, May 15th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, May 11th. Alliance Data Systems Corporation’s dividend payout ratio is presently 27.55%.

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A number of research analysts have weighed in on ADS shares. Oppenheimer Holdings, Inc. started coverage on shares of Alliance Data Systems Corporation in a research note on Tuesday, April 11th. They issued an “underperform” rating and a $185.00 price target on the stock. Zacks Investment Research lowered shares of Alliance Data Systems Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. TheStreet raised shares of Alliance Data Systems Corporation from a “c” rating to a “b” rating in a research note on Thursday, April 20th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $278.00 price target on shares of Alliance Data Systems Corporation in a research note on Friday, March 24th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $235.00 price target on shares of Alliance Data Systems Corporation in a research note on Monday, April 17th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Alliance Data Systems Corporation has a consensus rating of “Hold” and a consensus target price of $243.00.

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.

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