Atlantic Trust Group LLC increased its stake in Alliance Data Systems Corporation (NYSE:ADS) by 0.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 372,985 shares of the business services provider’s stock after buying an additional 2,428 shares during the quarter. Atlantic Trust Group LLC owned 0.67% of Alliance Data Systems Corporation worth $95,742,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ADS. BlackRock Inc. boosted its holdings in shares of Alliance Data Systems Corporation by 3,103.0% in the 1st quarter. BlackRock Inc. now owns 3,334,850 shares of the business services provider’s stock worth $830,376,000 after buying an additional 3,230,733 shares during the last quarter. ValueAct Holdings L.P. lifted its holdings in Alliance Data Systems Corporation by 12.0% during 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 purchasing an additional 630,900 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in Alliance Data Systems Corporation by 117.2% during 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 purchasing an additional 598,200 shares during the last quarter. Morgan Stanley lifted its holdings in Alliance Data Systems Corporation by 173.0% during the first quarter. Morgan Stanley now owns 688,894 shares of the business services provider’s stock valued at $171,534,000 after purchasing an additional 436,590 shares during the last quarter. Finally, USS Investment Management Ltd lifted its holdings in Alliance Data Systems Corporation by 321.7% during 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 purchasing an additional 386,000 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

Alliance Data Systems Corporation (NYSE:ADS) traded down 0.14% on Monday, hitting $225.18. 269,977 shares of the company traded hands. The firm’s 50 day moving average price is $234.36 and its 200 day moving average price is $244.39. Alliance Data Systems Corporation has a 1-year low of $197.69 and a 1-year high of $266.25. The firm has a market capitalization of $12.49 billion, a PE ratio of 25.68 and a beta of 1.76.

Alliance Data Systems Corporation (NYSE:ADS) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the firm earned $3.68 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that Alliance Data Systems Corporation will post $18.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, August 14th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, August 10th. Alliance Data Systems Corporation’s dividend payout ratio (DPR) is presently 23.69%.

Alliance Data Systems Corporation announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 27th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

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Several equities research analysts have commented on the stock. Argus assumed coverage on shares of Alliance Data Systems Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $309.00 price objective on the stock. ValuEngine raised shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research raised shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating and set a $288.00 price objective on the stock in a report on Tuesday, June 20th. Wedbush reaffirmed a “neutral” rating and set a $252.00 price objective (up from $225.00) on shares of Alliance Data Systems Corporation in a report on Tuesday, June 6th. Finally, Barclays PLC downgraded shares of 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 report on Friday, July 21st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $255.47.

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.

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

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