Fernwood Investment Management LLC cut its position in Alliance Data Systems Corporation (NYSE:ADS) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,570 shares of the business services provider’s stock after selling 10 shares during the period. Fernwood Investment Management LLC’s holdings in Alliance Data Systems Corporation were worth $1,173,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. ValueAct Holdings L.P. raised its stake in shares of Alliance Data Systems Corporation by 12.0% in the first quarter. ValueAct Holdings L.P. now owns 5,877,400 shares of the business services provider’s stock worth $1,463,473,000 after buying an additional 630,900 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Alliance Data Systems Corporation by 1.8% in the first quarter. Vanguard Group Inc. now owns 5,309,305 shares of the business services provider’s stock worth $1,322,018,000 after buying an additional 95,494 shares during the last quarter. BlackRock Inc. raised its stake in shares of Alliance Data Systems Corporation by 3,103.0% in the first quarter. BlackRock Inc. now owns 3,334,850 shares of the business services provider’s stock worth $830,376,000 after buying an additional 3,230,733 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Alliance Data Systems Corporation by 2.8% in the first quarter. Wellington Management Group LLP now owns 3,183,364 shares of the business services provider’s stock worth $792,658,000 after buying an additional 86,754 shares during the last quarter. Finally, Edgewood Management LLC raised its stake in shares of Alliance Data Systems Corporation by 4.2% in the first quarter. Edgewood Management LLC now owns 2,721,392 shares of the business services provider’s stock worth $677,627,000 after buying an additional 109,521 shares during the last quarter. 98.89% of the stock is owned by institutional investors.

Alliance Data Systems Corporation (ADS) opened at 226.45 on Wednesday. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 25.82 and a beta of 1.76. Alliance Data Systems Corporation has a 52-week low of $193.67 and a 52-week high of $266.25. The stock has a 50 day moving average price of $246.76 and a 200 day moving average price of $245.01.

Alliance Data Systems Corporation (NYSE:ADS) last issued its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.47 by $0.37. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the firm posted $3.68 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Analysts expect that Alliance Data Systems Corporation will post $18.06 EPS for the current fiscal year.

Alliance Data Systems Corporation announced that its Board of Directors has authorized a share buyback plan on Thursday, July 27th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 14th will be paid a $0.52 dividend. The ex-dividend date is Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.92%. Alliance Data Systems Corporation’s payout ratio is presently 23.69%.

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ADS has been the subject of a number of research analyst reports. Argus initiated coverage on Alliance Data Systems Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $309.00 price target for the company. Compass Point raised Alliance Data Systems Corporation from a “sell” rating to a “neutral” rating and raised their price objective for the company from $190.00 to $200.00 in a research report on Thursday, May 25th. Barclays PLC lowered Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $285.00 to $265.00 in a research report on Friday, July 21st. BidaskClub raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, ValuEngine raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $255.97.

About Alliance Data Systems Corporation

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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