Amalgamated Bank raised its position in Alliance Data Systems Corporation (NYSE:ADS) by 39.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,992 shares of the business services provider’s stock after purchasing an additional 1,682 shares during the quarter. Amalgamated Bank’s holdings in Alliance Data Systems Corporation were worth $1,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ADS. Advisors Asset Management Inc. grew its stake in Alliance Data Systems Corporation by 924.5% in the first quarter. Advisors Asset Management Inc. now owns 2,049 shares of the business services provider’s stock valued at $510,000 after purchasing an additional 1,849 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of Alliance Data Systems Corporation by 0.5% during the 1st quarter. Suntrust Banks Inc. now owns 2,203 shares of the business services provider’s stock worth $547,000 after acquiring an additional 12 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Alliance Data Systems Corporation by 4.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 167,714 shares of the business services provider’s stock worth $41,761,000 after acquiring an additional 6,436 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of Alliance Data Systems Corporation by 3.7% during the 1st quarter. Norinchukin Bank The now owns 3,634 shares of the business services provider’s stock worth $905,000 after acquiring an additional 130 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Alliance Data Systems Corporation by 70.4% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 11,304 shares of the business services provider’s stock worth $2,815,000 after acquiring an additional 4,672 shares in the last quarter. Hedge funds and other institutional investors own 96.04% of the company’s stock.

Alliance Data Systems Corporation (NYSE ADS) opened at 210.43 on Thursday. The firm has a market cap of $11.68 billion, a PE ratio of 23.99 and a beta of 1.76. Alliance Data Systems Corporation has a 12-month low of $197.69 and a 12-month high of $266.25. The firm has a 50-day moving average price of $224.76 and a 200 day moving average price of $242.73.

Alliance Data Systems Corporation (NYSE:ADS) last issued its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.47 by $0.37. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.85 billion. Alliance Data Systems Corporation had a net margin of 6.77% and a return on equity of 59.67%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $3.68 earnings per share. Equities research analysts forecast that Alliance Data Systems Corporation will post $18.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.08 annualized dividend and a yield of 0.99%. 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 buyback program on Thursday, July 27th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

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ADS has been the subject of several recent analyst reports. Credit Suisse Group reiterated an “underperform” rating on shares of Alliance Data Systems Corporation in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. set a $191.00 price target on Alliance Data Systems Corporation and gave the stock a “sell” rating in a research note on Thursday, August 24th. ValuEngine downgraded Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Deutsche Bank AG reiterated a “buy” rating and set a $278.00 price target on shares of Alliance Data Systems Corporation in a research note on Monday, July 10th. Finally, BidaskClub upgraded Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Four equities research 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’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $255.47.

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)

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