Alliance Data Systems Corporation (NYSE:ADS) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Other equities research analysts have also issued reports about the company. Argus assumed coverage on Alliance Data Systems Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $309.00 price target on the stock. Zacks Investment Research raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating and set a $288.00 price target on the stock in a research report on Tuesday, June 20th. Wedbush reissued a “neutral” rating and set a $252.00 price target (up from $225.00) on shares of Alliance Data Systems Corporation in a research report on Tuesday, June 6th. Barclays PLC lowered Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $285.00 to $265.00 in a research report on Friday, July 21st. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $302.00 price target on shares of Alliance Data Systems Corporation in a research report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $255.47.

Shares of Alliance Data Systems Corporation (NYSE:ADS) traded down 0.14% during trading on Friday, hitting $225.18. 269,977 shares of the stock were exchanged. Alliance Data Systems Corporation has a one year low of $196.40 and a one year high of $266.25. The stock has a market cap of $12.49 billion, a PE ratio of 25.68 and a beta of 1.76. The stock’s 50 day moving average price is $234.36 and its 200 day moving average price is $244.39.

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

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

COPYRIGHT VIOLATION NOTICE: This story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/09/01/alliance-data-systems-corporation-ads-downgraded-by-valuengine-to-hold.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted 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 during the last quarter. ValueAct Holdings L.P. boosted 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 during the last quarter. Thrivent Financial For Lutherans boosted 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 during the last quarter. Morgan Stanley boosted 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 during the last quarter. Finally, USS Investment Management Ltd boosted its position in Alliance Data Systems Corporation by 321.7% in the second quarter. USS Investment Management Ltd now owns 506,000 shares of the business services provider’s stock valued at $129,926,000 after buying an additional 386,000 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

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.

Analyst Recommendations 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.