Highland Capital Management LLC grew its stake in shares of Alliance Data Systems Co. (NYSE:ADS) by 107.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,630 shares of the business services provider’s stock after buying an additional 2,915 shares during the period. Highland Capital Management LLC’s holdings in Alliance Data Systems were worth $1,330,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. ValueAct Holdings L.P. increased its position in Alliance Data Systems by 3.5% during the second quarter. ValueAct Holdings L.P. now owns 6,082,646 shares of the business services provider’s stock worth $1,418,473,000 after buying an additional 205,246 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Alliance Data Systems by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 258,065 shares of the business services provider’s stock worth $60,186,000 after buying an additional 8,800 shares in the last quarter. Schroder Investment Management Group increased its position in Alliance Data Systems by 142.8% during the second quarter. Schroder Investment Management Group now owns 84,743 shares of the business services provider’s stock worth $19,962,000 after buying an additional 49,845 shares in the last quarter. BlackRock Inc. increased its position in Alliance Data Systems by 1.6% during the second quarter. BlackRock Inc. now owns 3,164,367 shares of the business services provider’s stock worth $737,931,000 after buying an additional 48,926 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its position in Alliance Data Systems by 9.2% during the second quarter. GHP Investment Advisors Inc. now owns 3,449 shares of the business services provider’s stock worth $804,000 after buying an additional 290 shares in the last quarter. 93.74% of the stock is owned by institutional investors.

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

Several equities analysts have weighed in on the company. Wolfe Research assumed coverage on Alliance Data Systems in a research report on Tuesday, July 17th. They set an “outperform” rating for the company. Zacks Investment Research raised Alliance Data Systems from a “hold” rating to a “buy” rating and set a $261.00 price target for the company in a research report on Wednesday, July 25th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Alliance Data Systems in a research report on Wednesday, July 18th. Bank of America assumed coverage on Alliance Data Systems in a research report on Monday, September 17th. They set a “buy” rating and a $290.00 price target for the company. Finally, ValuEngine raised Alliance Data Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Alliance Data Systems presently has an average rating of “Hold” and an average target price of $262.06.

Shares of NYSE:ADS opened at $223.11 on Friday. The firm has a market capitalization of $11.62 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.76. The company has a quick ratio of 2.12, a current ratio of 2.14 and a debt-to-equity ratio of 7.25. Alliance Data Systems Co. has a 52 week low of $192.02 and a 52 week high of $278.33.

Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings data on Thursday, October 18th. The business services provider reported $6.26 EPS for the quarter, beating the Zacks’ consensus estimate of $6.19 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. Alliance Data Systems had a return on equity of 59.18% and a net margin of 11.35%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.35 earnings per share. On average, research analysts anticipate that Alliance Data Systems Co. will post 21.61 earnings per share for the current fiscal year.

Alliance Data Systems declared that its Board of Directors has authorized a share buyback plan on Monday, July 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, November 14th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.02%. Alliance Data Systems’s dividend payout ratio is currently 12.47%.

Alliance Data Systems Profile

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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