Nationwide Fund Advisors lowered its position in shares of Alliance Data Systems Corporation (NYSE:ADS) by 49.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,666 shares of the business services provider’s stock after selling 43,993 shares during the quarter. Nationwide Fund Advisors owned 0.08% of Alliance Data Systems Corporation worth $11,722,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Trust Co. acquired a new stake in shares of Alliance Data Systems Corporation during the second quarter valued at approximately $108,000. Johnson Financial Group Inc. raised its holdings in shares of Alliance Data Systems Corporation by 9.8% during the first quarter. Johnson Financial Group Inc. now owns 426 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 38 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Alliance Data Systems Corporation by 5.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 488 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 26 shares during the period. FNY Partners Fund LP raised its holdings in shares of Alliance Data Systems Corporation by 163.0% during the first quarter. FNY Partners Fund LP now owns 526 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 326 shares during the period. Finally, Invictus RG raised its holdings in shares of Alliance Data Systems Corporation by 189.7% during the first quarter. Invictus RG now owns 565 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 370 shares during the period. Institutional investors and hedge funds own 96.04% of the company’s stock.

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Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. KeyCorp reiterated a “hold” rating on shares of Alliance Data Systems Corporation in a research note on Friday, August 25th. Argus reiterated a “buy” rating and issued a $290.00 price objective (down previously from $309.00) on shares of Alliance Data Systems Corporation in a research note on Sunday, July 30th. ValuEngine upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $302.00 price objective on shares of Alliance Data Systems Corporation in a research note on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $255.47.

Shares of Alliance Data Systems Corporation (NYSE ADS) opened at 216.76 on Monday. The company has a market capitalization of $12.03 billion, a P/E ratio of 24.72 and a beta of 1.76. Alliance Data Systems Corporation has a 12-month low of $197.69 and a 12-month high of $266.25. The company’s 50 day moving average is $224.76 and its 200 day moving average is $242.73.

Alliance Data Systems Corporation (NYSE:ADS) last issued its earnings results on Thursday, July 20th. The business services provider reported $3.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.37. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.85 billion. Alliance Data Systems Corporation had a net margin of 6.77% and a return on equity of 59.67%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.68 earnings per share. Analysts expect that Alliance Data Systems Corporation will post $18.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Monday, August 14th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a yield of 0.96%. Alliance Data Systems Corporation’s payout ratio is 23.69%.

Alliance Data Systems Corporation declared that its Board of Directors has authorized a share buyback program on Thursday, July 27th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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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