Virtu KCG Holdings LLC bought a new stake in shares of Alliance Data Systems Corporation (NYSE:ADS) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 8,851 shares of the business services provider’s stock, valued at approximately $2,272,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Fernwood Investment Management LLC increased its stake in Alliance Data Systems Corporation by 0.3% during the first quarter. Fernwood Investment Management LLC now owns 4,580 shares of the business services provider’s stock valued at $1,140,000 after purchasing an additional 15 shares during the last quarter. Citizens Financial Group Inc RI boosted its holdings in shares of Alliance Data Systems Corporation by 2.2% during the second quarter. Citizens Financial Group Inc RI now owns 909 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 20 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Alliance Data Systems Corporation by 5.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 488 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 26 shares during the period. Bank of Hawaii boosted its holdings in shares of Alliance Data Systems Corporation by 0.9% during the first quarter. Bank of Hawaii now owns 3,839 shares of the business services provider’s stock valued at $956,000 after acquiring an additional 34 shares during the period. Finally, Suntrust Banks Inc. boosted its holdings in shares of Alliance Data Systems Corporation by 1.7% during the second quarter. Suntrust Banks Inc. now owns 2,240 shares of the business services provider’s stock valued at $574,000 after acquiring an additional 37 shares during the period. Hedge funds and other institutional investors own 96.04% of the company’s stock.

Shares of Alliance Data Systems Corporation (ADS) traded up 0.56% during midday trading on Tuesday, reaching $218.60. 34,966 shares of the company’s stock were exchanged. Alliance Data Systems Corporation has a 1-year low of $197.69 and a 1-year high of $266.25. The company has a market capitalization of $12.13 billion, a PE ratio of 24.93 and a beta of 1.76. The firm has a 50-day moving average of $224.76 and a 200-day moving average of $242.73.

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 consensus estimate of $3.47 by $0.37. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.68 earnings per share. Equities analysts expect that Alliance Data Systems Corporation will post $18.05 earnings per share for the current fiscal year.

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

Alliance Data Systems Corporation declared that its board 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Several equities analysts have recently issued reports on ADS shares. Argus started 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 target for the company. Barclays PLC downgraded shares of Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $285.00 to $265.00 in a report on Friday, July 21st. BidaskClub raised shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. ValuEngine raised shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $278.00 price target on shares of Alliance Data Systems Corporation in a report on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. Alliance Data Systems Corporation presently has a consensus rating of “Hold” and an average price target 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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