Vanguard Group Inc. increased its holdings in shares of Alliance Data Systems Corporation (NYSE:ADS) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,353,265 shares of the business services provider’s stock after acquiring an additional 43,960 shares during the period. Vanguard Group Inc. owned about 9.63% of Alliance Data Systems Corporation worth $1,374,130,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. TimesSquare Capital Management LLC boosted its position in shares of Alliance Data Systems Corporation by 2.9% during the 2nd quarter. TimesSquare Capital Management LLC now owns 676,889 shares of the business services provider’s stock valued at $173,751,000 after acquiring an additional 18,922 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Alliance Data Systems Corporation by 0.8% during the 1st quarter. Principal Financial Group Inc. now owns 89,131 shares of the business services provider’s stock valued at $22,194,000 after acquiring an additional 673 shares in the last quarter. RMB Capital Management LLC boosted its position in shares of Alliance Data Systems Corporation by 11.9% during the 1st quarter. RMB Capital Management LLC now owns 104,705 shares of the business services provider’s stock valued at $26,071,000 after acquiring an additional 11,105 shares in the last quarter. ValueAct Holdings L.P. boosted its position in shares of Alliance Data Systems Corporation by 12.0% during the 1st 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 acquiring an additional 630,900 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Alliance Data Systems Corporation during the 1st quarter valued at about $698,000. Institutional investors and hedge funds own 96.04% of the company’s stock.

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Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $300.00 target price on shares of Alliance Data Systems Corporation in a research report on Thursday, August 31st. Zacks Investment Research lowered shares of Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. KeyCorp reiterated a “hold” rating on shares of Alliance Data Systems Corporation in a research report on Friday, August 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $280.00 target price on shares of Alliance Data Systems Corporation in a research report on Friday, July 28th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $302.00 price target on shares of Alliance Data Systems Corporation in a research report on Thursday, August 3rd. Four research 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 company has an average rating of “Hold” and a consensus target price of $255.47.

Alliance Data Systems Corporation (NYSE:ADS) last posted its earnings results on Thursday, July 20th. The business services provider reported $3.84 EPS for the quarter, topping the 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 business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company earned $3.68 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors 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 0.96%. Alliance Data Systems Corporation’s dividend payout ratio is presently 23.69%.

Alliance Data Systems Corporation declared that its Board of Directors has initiated a share buyback program 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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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