Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Alliance Data Systems Co. (NYSE:ADS) by 85.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,177 shares of the business services provider’s stock after buying an additional 543 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Alliance Data Systems were worth $274,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Alliance Data Systems by 188.6% during the 1st quarter. JPMorgan Chase & Co. now owns 969,957 shares of the business services provider’s stock worth $206,465,000 after purchasing an additional 633,865 shares during the period. Commonwealth Equity Services LLC increased its holdings in Alliance Data Systems by 9.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 26,200 shares of the business services provider’s stock worth $5,577,000 after purchasing an additional 2,320 shares during the period. Quantbot Technologies LP purchased a new stake in Alliance Data Systems during the 1st quarter worth about $970,000. Natixis Advisors L.P. increased its holdings in Alliance Data Systems by 27.8% during the 1st quarter. Natixis Advisors L.P. now owns 31,304 shares of the business services provider’s stock worth $6,663,000 after purchasing an additional 6,813 shares during the period. Finally, Cooke & Bieler LP increased its holdings in Alliance Data Systems by 18.5% during the 1st quarter. Cooke & Bieler LP now owns 317,214 shares of the business services provider’s stock worth $67,522,000 after purchasing an additional 49,507 shares during the period. Institutional investors own 93.98% of the company’s stock.

Several equities research analysts have weighed in on the company. ValuEngine upgraded Alliance Data Systems from a “strong sell” rating to a “sell” rating in a report on Thursday, July 12th. Zacks Investment Research upgraded Alliance Data Systems from a “hold” rating to a “buy” rating and set a $261.00 price target on the stock in a report on Wednesday, July 25th. Stephens restated a “buy” rating and set a $288.00 price target on shares of Alliance Data Systems in a report on Friday, July 20th. Robert W. Baird upgraded Alliance Data Systems from a “neutral” rating to an “outperform” rating and set a $242.00 price target on the stock in a report on Monday, June 18th. Finally, Jefferies Financial Group restated a “buy” rating and set a $280.00 price target on shares of Alliance Data Systems in a report on Tuesday, August 7th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. Alliance Data Systems currently has an average rating of “Hold” and a consensus target price of $263.18.

NYSE:ADS opened at $238.03 on Friday. The stock has a market cap of $12.54 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.72. Alliance Data Systems Co. has a 1 year low of $192.02 and a 1 year high of $278.33. 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 (NYSE:ADS) last released its quarterly earnings data on Thursday, July 19th. The business services provider reported $5.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.64 by $0.37. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Alliance Data Systems had a return on equity of 59.18% and a net margin of 11.35%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.84 EPS. research analysts forecast that Alliance Data Systems Co. will post 21.6 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Tuesday, August 14th will be given a dividend of $0.57 per share. The ex-dividend date is Monday, August 13th. This represents a $2.28 annualized dividend and a dividend yield of 0.96%. Alliance Data Systems’s dividend payout ratio is currently 12.47%.

Alliance Data Systems announced that its Board of Directors has initiated a share 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

In related news, CFO Charles L. Horn sold 16,035 shares of the company’s 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 of the company’s stock, valued at approximately $6,672,255.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Bryan A. Pearson sold 3,424 shares of the company’s 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. Corporate insiders own 2.60% of the company’s stock.

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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