First Trust Advisors LP reduced its stake in Alliance Data Systems Corporation (NYSE:ADS) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,583 shares of the business services provider’s stock after selling 2,879 shares during the period. First Trust Advisors LP owned 0.13% of Alliance Data Systems Corporation worth $18,375,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in Alliance Data Systems Corporation by 3,103.0% in the first quarter. BlackRock Inc. now owns 3,334,850 shares of the business services provider’s stock valued at $830,376,000 after buying an additional 3,230,733 shares in the last quarter. ValueAct Holdings L.P. raised its position in Alliance Data Systems Corporation by 12.0% in the first quarter. ValueAct Holdings L.P. now owns 5,877,400 shares of the business services provider’s stock valued at $1,463,473,000 after buying an additional 630,900 shares in the last quarter. Thrivent Financial For Lutherans raised its position in Alliance Data Systems Corporation by 117.2% in the first quarter. Thrivent Financial For Lutherans now owns 1,108,415 shares of the business services provider’s stock valued at $275,995,000 after buying an additional 598,200 shares in the last quarter. Morgan Stanley raised its position in Alliance Data Systems Corporation by 173.0% in the first quarter. Morgan Stanley now owns 688,894 shares of the business services provider’s stock valued at $171,534,000 after buying an additional 436,590 shares in the last quarter. Finally, Jana Partners LLC raised its position in Alliance Data Systems Corporation by 617.3% in the first quarter. Jana Partners LLC now owns 426,037 shares of the business services provider’s stock valued at $106,083,000 after buying an additional 366,640 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Alliance Data Systems Corporation (ADS) opened at 221.27 on Monday. The company has a market cap of $12.28 billion, a PE ratio of 25.23 and a beta of 1.76. Alliance Data Systems Corporation has a 12-month low of $193.67 and a 12-month high of $266.25. The company’s 50-day moving average price is $243.69 and its 200-day moving average price is $244.69.

Alliance Data Systems Corporation (NYSE:ADS) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $3.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.47 by $0.37. Alliance Data Systems Corporation had a net margin of 6.77% and a return on equity of 59.67%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the firm earned $3.68 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Alliance Data Systems Corporation will post $18.06 earnings per share for the current year.

Alliance Data Systems Corporation declared that its Board of Directors has approved a stock buyback plan on Thursday, July 27th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.94%. The ex-dividend date is Thursday, August 10th. Alliance Data Systems Corporation’s payout ratio is 23.69%.

WARNING: “First Trust Advisors LP Sells 2,879 Shares of Alliance Data Systems Corporation (ADS)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/08/21/first-trust-advisors-lp-sells-2879-shares-of-alliance-data-systems-corporation-ads.html.

Several research analysts have recently issued reports on ADS shares. Zacks Investment Research lowered Alliance Data Systems Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Deutsche Bank AG reaffirmed a “buy” rating and set a $278.00 price objective on shares of Alliance Data Systems Corporation in a research note on Monday, July 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $270.00 price objective on shares of Alliance Data Systems Corporation in a research note on Friday, July 14th. Barclays PLC downgraded Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $285.00 to $265.00 in a research note on Friday, July 21st. Finally, ValuEngine downgraded Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $252.31.

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)

Receive News & Stock Ratings for Alliance Data Systems Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Data Systems Corporation and related stocks with our FREE daily email newsletter.