Intrust Bank NA lowered its stake in Alliance Data Systems Corporation (NYSE:ADS) by 12.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 876 shares of the business services provider’s stock after selling 127 shares during the period. Intrust Bank NA’s holdings in Alliance Data Systems Corporation were worth $225,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADS. 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 valued at $1,140,000 after buying an additional 15 shares in the last quarter. 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 valued at $125,000 after buying an additional 26 shares in the last quarter. 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 valued at $956,000 after buying an additional 34 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its position in shares of Alliance Data Systems Corporation by 9.8% in the first quarter. Johnson Financial Group Inc. now owns 426 shares of the business services provider’s stock valued at $106,000 after buying an additional 38 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

Shares of Alliance Data Systems Corporation (ADS) opened at 225.09 on Thursday. The company has a 50 day moving average of $239.17 and a 200-day moving average of $244.47. The company has a market capitalization of $12.49 billion, a P/E ratio of 25.67 and a beta of 1.76. Alliance Data Systems Corporation has a 12-month low of $196.40 and a 12-month high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last announced its earnings results on Thursday, July 20th. The business services provider reported $3.84 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the business posted $3.68 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts anticipate that Alliance Data Systems Corporation will post $18.06 EPS for the current fiscal year.

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

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

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Several research analysts have weighed in on the stock. Argus assumed coverage on shares of Alliance Data Systems Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $309.00 price objective for the company. ValuEngine raised shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research raised shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating and set a $288.00 price objective for the company in a report on Tuesday, June 20th. Wedbush reissued a “neutral” rating and set a $252.00 price objective (up from $225.00) on shares of Alliance Data Systems Corporation in a report on Tuesday, June 6th. Finally, Barclays PLC lowered shares of Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $285.00 to $265.00 in a report on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $252.69.

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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