Andra AP fonden trimmed its position in shares of Alliance Data Systems Co. (NYSE:ADS) by 11.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 21,100 shares of the business services provider’s stock after selling 2,800 shares during the quarter. Andra AP fonden’s holdings in Alliance Data Systems were worth $4,921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADS. FMR LLC boosted its stake in Alliance Data Systems by 45.3% during the second quarter. FMR LLC now owns 2,595,591 shares of the business services provider’s stock worth $605,293,000 after buying an additional 809,427 shares during the period. JPMorgan Chase & Co. boosted its stake in Alliance Data Systems by 188.6% during the first quarter. JPMorgan Chase & Co. now owns 969,957 shares of the business services provider’s stock worth $206,465,000 after buying an additional 633,865 shares during the period. Millennium Management LLC boosted its stake in Alliance Data Systems by 9,617.9% during the first quarter. Millennium Management LLC now owns 399,016 shares of the business services provider’s stock worth $84,935,000 after buying an additional 394,910 shares during the period. Parnassus Investments CA boosted its stake in Alliance Data Systems by 42.3% during the second quarter. Parnassus Investments CA now owns 1,245,000 shares of the business services provider’s stock worth $290,334,000 after buying an additional 370,000 shares during the period. Finally, Waddell & Reed Financial Inc. boosted its stake in Alliance Data Systems by 83.4% during the second quarter. Waddell & Reed Financial Inc. now owns 729,218 shares of the business services provider’s stock worth $170,054,000 after buying an additional 331,500 shares during the period. 93.34% of the stock is owned by institutional investors.

ADS stock opened at $243.07 on Wednesday. The company has a quick ratio of 2.12, a current ratio of 2.14 and a debt-to-equity ratio of 7.25. The stock has a market capitalization of $13.66 billion, a P/E ratio of 13.42, a PEG ratio of 0.93 and a beta of 1.77. Alliance Data Systems Co. has a 1-year low of $192.02 and a 1-year high of $278.33.

Alliance Data Systems (NYSE:ADS) last released its quarterly earnings data on Thursday, July 19th. The business services provider reported $5.01 earnings per share for the quarter, beating the consensus estimate of $4.64 by $0.37. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. Alliance Data Systems had a return on equity of 59.18% and a net margin of 11.35%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.84 earnings per share. sell-side analysts anticipate that Alliance Data Systems Co. will post 21.6 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 19th. Investors of record on Tuesday, August 14th were issued a $0.57 dividend. The ex-dividend date was Monday, August 13th. This represents a $2.28 annualized dividend and a dividend yield of 0.94%. Alliance Data Systems’s payout ratio is currently 12.47%.

Alliance Data Systems announced that its board has authorized a stock repurchase plan on Monday, July 30th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to repurchase up to 4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

ADS has been the subject of several research analyst reports. Deutsche Bank set a $253.00 target price on Alliance Data Systems and gave the stock a “buy” rating in a research report on Thursday, September 20th. Bank of America initiated coverage on Alliance Data Systems in a research report on Monday, September 17th. They set a “buy” rating and a $290.00 target price for the company. Stephens downgraded Alliance Data Systems from an “overweight” rating to an “equal” rating and set a $288.00 target price for the company. in a research report on Monday, September 17th. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded Alliance Data Systems from a “neutral” rating to an “overweight” rating and set a $281.00 target price for the company in a research report on Tuesday, August 14th. Finally, ValuEngine upgraded Alliance Data Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $264.05.

In related news, CFO Charles L. Horn sold 16,035 shares of Alliance Data Systems stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $232.58, for a total value of $3,729,420.30. Following the completion of the sale, the chief financial officer now directly owns 28,688 shares in the company, valued at $6,672,255.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bryan A. Pearson sold 3,424 shares of Alliance Data Systems stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $231.67, for a total value of $793,238.08. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

About Alliance Data Systems

Alliance Data Systems Corporation provides data-driven marketing and loyalty solutions worldwide. It operates through three segments: LoyaltyOne, Epsilon, and Card Services. 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.

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Institutional Ownership by Quarter for Alliance Data Systems (NYSE:ADS)

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