Allegis Investment Advisors LLC increased its stake in Alliance Data Systems Corporation (NYSE:ADS) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,774 shares of the business services provider’s stock after buying an additional 122 shares during the period. Allegis Investment Advisors LLC’s holdings in Alliance Data Systems Corporation were worth $712,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Suntrust Banks Inc. increased its stake in shares of Alliance Data Systems Corporation by 0.5% in the first quarter. Suntrust Banks Inc. now owns 2,203 shares of the business services provider’s stock valued at $547,000 after buying an additional 12 shares during the period. Fernwood Investment Management LLC increased its stake in shares of Alliance Data Systems Corporation by 0.3% in the first quarter. Fernwood Investment Management LLC now owns 4,580 shares of the business services provider’s stock valued at $1,140,000 after buying an additional 15 shares during the period. Cardinal Capital Management increased its stake in shares of Alliance Data Systems Corporation by 1.4% in the first quarter. Cardinal Capital Management now owns 1,896 shares of the business services provider’s stock valued at $472,000 after buying an additional 26 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake 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 buying an additional 26 shares during the period. Finally, Bank of Hawaii increased its stake in shares of Alliance Data Systems Corporation by 0.9% in the first quarter. Bank of Hawaii now owns 3,839 shares of the business services provider’s stock valued at $956,000 after buying an additional 34 shares during the period. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Data Systems Corporation (ADS) opened at 228.62 on Thursday. Alliance Data Systems Corporation has a one year low of $193.67 and a one year high of $266.25. The stock has a 50 day moving average price of $245.87 and a 200-day moving average price of $244.89. The stock has a market cap of $12.68 billion, a PE ratio of 26.07 and a beta of 1.76.

Alliance Data Systems Corporation (NYSE:ADS) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $3.84 EPS for the quarter, topping the consensus estimate of $3.47 by $0.37. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business posted $3.68 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that Alliance Data Systems Corporation will post $18.06 earnings per share for the current fiscal year.

Alliance Data Systems Corporation declared that its board has approved a stock repurchase program on Thursday, July 27th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 14th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.08 annualized dividend and a dividend yield of 0.91%. Alliance Data Systems Corporation’s dividend payout ratio is currently 23.69%.

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Several analysts recently issued reports on the company. Credit Suisse Group reissued a “sell” rating and set a $174.00 target price on shares of Alliance Data Systems Corporation in a research note on Thursday. Piper Jaffray Companies reissued a “buy” rating and set a $302.00 target price on shares of Alliance Data Systems Corporation in a research note on Thursday, August 3rd. Argus reissued a “buy” rating and set a $290.00 target price (down previously from $309.00) on shares of Alliance Data Systems Corporation in a research note on Sunday, July 30th. Royal Bank Of Canada reissued a “buy” rating and set a $280.00 target price on shares of Alliance Data Systems Corporation in a research note on Friday, July 28th. Finally, BidaskClub downgraded Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Three 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 stock. The company currently has a consensus rating of “Hold” and an average price target of $252.31.

Alliance Data Systems Corporation Company 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.

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

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