Bank of Nova Scotia grew its position in shares of Alliance Data Systems Corporation (NYSE:ADS) by 196.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 38,022 shares of the business services provider’s stock after purchasing an additional 25,200 shares during the quarter. Bank of Nova Scotia owned 0.07% of Alliance Data Systems Corporation worth $9,761,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of ADS. Johnson Financial Group Inc. increased its position in shares of Alliance Data Systems Corporation by 9.8% during the 1st quarter. Johnson Financial Group Inc. now owns 426 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 38 shares during the period. Fiduciary Trust Co. acquired a new position in shares of Alliance Data Systems Corporation in the 2nd quarter worth $108,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Alliance Data Systems Corporation by 5.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 488 shares of the business services provider’s stock worth $125,000 after acquiring an additional 26 shares during the last quarter. ETF Managers Group LLC acquired a new position in shares of Alliance Data Systems Corporation in the 2nd quarter worth $128,000. Finally, FNY Partners Fund LP grew its holdings in shares of Alliance Data Systems Corporation by 163.0% in the 1st quarter. FNY Partners Fund LP now owns 526 shares of the business services provider’s stock worth $130,000 after acquiring an additional 326 shares during the last quarter. Institutional investors own 96.04% of the company’s stock.

Alliance Data Systems Corporation (NYSE:ADS) traded up 4.87% during trading on Friday, reaching $230.86. The company’s stock had a trading volume of 953,361 shares. Alliance Data Systems Corporation has a 52 week low of $197.69 and a 52 week high of $266.25. The company has a market cap of $12.81 billion, a P/E ratio of 26.32 and a beta of 1.75. The company’s 50 day moving average price is $221.25 and its 200 day moving average price is $239.84.

Alliance Data Systems Corporation (NYSE:ADS) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 EPS for the quarter, topping the Zacks’ 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 company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $3.68 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts anticipate that Alliance Data Systems Corporation will post $18.07 earnings per share for the current fiscal year.

Alliance Data Systems Corporation declared that its board has approved a share buyback program on Thursday, July 27th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Monday, August 14th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.90%. Alliance Data Systems Corporation’s dividend payout ratio is 23.69%.

ADS has been the topic of a number of recent research reports. Argus initiated coverage on Alliance Data Systems Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $309.00 target price on the stock. Barclays PLC cut Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $285.00 to $265.00 in a report on Friday, July 21st. BidaskClub upgraded Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. ValuEngine upgraded Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $278.00 target price on shares of Alliance Data Systems Corporation in a report on Monday, July 10th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $252.33.

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Alliance Data Systems Corporation 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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