Tredje AP fonden grew its position in shares of Alliance Data Systems Co. (NYSE:ADS) by 620.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,902 shares of the business services provider’s stock after purchasing an additional 28,332 shares during the period. Tredje AP fonden’s holdings in Alliance Data Systems were worth $7,673,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. lifted its stake in Alliance Data Systems by 1.8% during the first quarter. BlackRock Inc. now owns 3,115,441 shares of the business services provider’s stock worth $663,153,000 after purchasing an additional 55,274 shares during the last quarter. Parnassus Investments CA lifted 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 purchasing an additional 370,000 shares during the last quarter. Boston Partners lifted its stake in Alliance Data Systems by 92.5% during the first quarter. Boston Partners now owns 974,709 shares of the business services provider’s stock worth $207,477,000 after purchasing an additional 468,310 shares during the last quarter. JPMorgan Chase & Co. lifted 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 purchasing an additional 633,865 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Alliance Data Systems by 33.3% during the second quarter. Bank of Montreal Can now owns 768,119 shares of the business services provider’s stock worth $179,126,000 after purchasing an additional 192,056 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Charles L. Horn sold 16,035 shares of the business’s stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $232.58, for a total transaction of $3,729,420.30. Following the transaction, the chief financial officer now owns 28,688 shares in the company, valued at approximately $6,672,255.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bryan A. Pearson sold 3,424 shares of the business’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. 2.60% of the stock is owned by insiders.

ADS has been the subject of several research analyst reports. Zacks Investment Research lowered Alliance Data Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. ValuEngine lowered Alliance Data Systems from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Jefferies Financial Group reissued a “buy” rating and issued a $280.00 target price on shares of Alliance Data Systems in a research note on Tuesday, August 7th. Stephens reissued a “buy” rating and issued a $288.00 target price on shares of Alliance Data Systems in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. raised Alliance Data Systems from a “neutral” rating to an “overweight” rating and set a $281.00 target price for the company in a research note on Tuesday, August 14th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $263.18.

NYSE:ADS traded up $1.39 during mid-day trading on Tuesday, reaching $241.70. 14,192 shares of the company’s stock traded hands, compared to its average volume of 345,302. Alliance Data Systems Co. has a 12-month low of $192.02 and a 12-month high of $278.33. The company has a market cap of $13.08 billion, a PE ratio of 13.22, a P/E/G ratio of 0.93 and a beta of 1.72. The company has a debt-to-equity ratio of 7.25, a current ratio of 2.14 and a quick ratio of 2.12.

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

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Tuesday, August 14th will be issued a dividend of $0.57 per share. The ex-dividend date is Monday, August 13th. This represents a $2.28 dividend on an annualized basis and a yield of 0.94%. Alliance Data Systems’s dividend payout ratio is presently 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.

Read More: Market Capitalization – What it Means for Investors

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

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