Arcadia Investment Management Corp MI cut its stake in shares of Alliance Data Systems Corporation (NYSE:ADS) by 10.5% during the second quarter, Holdings Channel reports. The institutional investor owned 9,995 shares of the business services provider’s stock after selling 1,175 shares during the period. Arcadia Investment Management Corp MI’s holdings in Alliance Data Systems Corporation were worth $2,566,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Suntrust Banks Inc. raised its position in shares of Alliance Data Systems Corporation by 0.5% in the first quarter. Suntrust Banks Inc. now owns 2,203 shares of the business services provider’s stock valued at $547,000 after buying an additional 12 shares in the last quarter. Fernwood Investment Management LLC raised its position in shares of Alliance Data Systems Corporation by 0.3% in the first quarter. Fernwood Investment Management LLC now owns 4,580 shares of the business services provider’s stock worth $1,140,000 after buying an additional 15 shares during the period. Cardinal Capital Management raised its position in shares of Alliance Data Systems Corporation by 1.4% in the first quarter. Cardinal Capital Management now owns 1,896 shares of the business services provider’s stock worth $472,000 after buying an additional 26 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Alliance Data Systems Corporation by 5.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 488 shares of the business services provider’s stock worth $125,000 after buying an additional 26 shares during the period. Finally, Bank of Hawaii raised its position in shares of Alliance Data Systems Corporation by 0.9% in the first quarter. Bank of Hawaii now owns 3,839 shares of the business services provider’s stock worth $956,000 after buying an additional 34 shares during the period. Institutional investors own 98.89% of the company’s stock.

Alliance Data Systems Corporation (NYSE ADS) opened at 222.10 on Tuesday. Alliance Data Systems Corporation has a 52-week low of $193.67 and a 52-week high of $266.25. The company has a 50-day moving average of $247.75 and a 200-day moving average of $244.98. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 25.32 and a beta of 1.76.

Alliance Data Systems Corporation (NYSE:ADS) last issued 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. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.85 billion. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.68 EPS. Equities research analysts expect that Alliance Data Systems Corporation will post $18.06 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, August 14th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a yield of 0.94%. Alliance Data Systems Corporation’s payout ratio is currently 23.69%.

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A number of brokerages have recently issued reports on ADS. Credit Suisse Group restated a “fair value” rating and set a $232.44 target price (up from $174.00) on shares of Alliance Data Systems Corporation in a research report on Thursday, August 10th. Piper Jaffray Companies restated a “buy” rating and set a $302.00 target price on shares of Alliance Data Systems Corporation in a research report on Thursday, August 3rd. Argus restated a “buy” rating and set a $290.00 target price (down from $309.00) on shares of Alliance Data Systems Corporation in a research report on Sunday, July 30th. Royal Bank Of Canada restated a “buy” rating and set a $280.00 target price on shares of Alliance Data Systems Corporation in a research report on Friday, July 28th. Finally, BidaskClub lowered shares of Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $255.97.

Alliance Data Systems Corporation Company 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.

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

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