Comerica Securities Inc. purchased a new stake in shares of Alliance Data Systems Corporation (NYSE:ADS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 793 shares of the business services provider’s stock, valued at approximately $204,000.

A number of other institutional investors also recently modified their holdings of the business. Norinchukin Bank The increased its stake in Alliance Data Systems Corporation by 200.5% during the 2nd quarter. Norinchukin Bank The now owns 10,919 shares of the business services provider’s stock valued at $2,803,000 after purchasing an additional 7,285 shares in the last quarter. Teachers Advisors LLC increased its stake in Alliance Data Systems Corporation by 3.4% during the 2nd quarter. Teachers Advisors LLC now owns 145,145 shares of the business services provider’s stock valued at $37,257,000 after purchasing an additional 4,836 shares in the last quarter. Citizens Financial Group Inc RI increased its stake in Alliance Data Systems Corporation by 2.2% during the 2nd quarter. Citizens Financial Group Inc RI now owns 909 shares of the business services provider’s stock valued at $233,000 after purchasing an additional 20 shares in the last quarter. WBI Investments Inc. acquired a new position in Alliance Data Systems Corporation during the 2nd quarter valued at approximately $411,000. Finally, Riverhead Capital Management LLC increased its stake in Alliance Data Systems Corporation by 3.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,376 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 96.04% of the company’s stock.

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Shares of Alliance Data Systems Corporation (NYSE ADS) opened at 216.00 on Monday. The company’s 50-day moving average is $226.19 and its 200-day moving average is $243.17. Alliance Data Systems Corporation has a one year low of $197.69 and a one year high of $266.25. The stock has a market capitalization of $11.98 billion, a P/E ratio of 24.63 and a beta of 1.76.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th will be paid a $0.52 dividend. The ex-dividend date is Thursday, August 10th. This represents a $2.08 annualized dividend and a yield of 0.96%. Alliance Data Systems Corporation’s dividend payout ratio is currently 23.69%.

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

A number of research analysts have issued reports on ADS shares. Argus started coverage on shares of Alliance Data Systems Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $309.00 price target on the stock. Compass Point upgraded shares of Alliance Data Systems Corporation from a “sell” rating to a “neutral” rating and upped their price target for the company from $190.00 to $200.00 in a research note on Thursday, May 25th. Barclays PLC lowered shares of Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $285.00 to $265.00 in a research note on Friday, July 21st. BidaskClub upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, ValuEngine upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price 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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