Royal Bank Of Canada reiterated their buy rating on shares of Alliance Data Systems Corporation (NYSE:ADS) in a report issued on Friday. They currently have a $280.00 price target on the business services provider’s stock.

Several other research analysts also recently commented on ADS. BidaskClub downgraded shares of Alliance Data Systems Corporation from a buy rating to a hold rating in a research note on Monday, July 24th. Barclays PLC downgraded shares of Alliance Data Systems Corporation from an overweight rating to an equal weight rating and reduced their price target for the stock from $285.00 to $265.00 in a research note on Friday, July 21st. Zacks Investment Research downgraded shares of Alliance Data Systems Corporation from a buy rating to a hold rating in a research report on Friday, July 14th. Jefferies Group LLC reissued a buy rating and set a $270.00 target price on shares of Alliance Data Systems Corporation in a research report on Friday, July 14th. Finally, Argus began coverage on shares of Alliance Data Systems Corporation in a research report on Thursday, July 13th. They set a buy rating and a $309.00 target price on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $248.27.

Alliance Data Systems Corporation (NYSE:ADS) opened at 241.43 on Friday. Alliance Data Systems Corporation has a 12 month low of $193.67 and a 12 month high of $266.25. The stock has a market cap of $13.42 billion, a PE ratio of 27.53 and a beta of 1.77. The company’s 50 day moving average is $253.48 and its 200 day moving average is $244.80.

Alliance Data Systems Corporation (NYSE:ADS) last posted its quarterly earnings results on Thursday, July 20th. The business services provider reported $3.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.47 by $0.37. The company 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 was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.68 EPS. On average, analysts anticipate that Alliance Data Systems Corporation will post $18.08 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Alliance Data Systems Corporation (NYSE:ADS) Rating Reiterated by Royal Bank Of Canada” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/alliance-data-systems-corporation-nyseads-rating-reiterated-by-royal-bank-of-canada/1465056.html.

Alliance Data Systems Corporation declared that its Board of Directors has initiated a share repurchase program on Thursday, July 27th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are 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 given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, August 10th. Alliance Data Systems Corporation’s payout ratio is currently 23.69%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. ValueAct Holdings L.P. increased its position 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. increased its position 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. increased its position 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 increased its position 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 increased its position 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. 99.03% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Alliance Data Systems Corporation (NYSE:ADS)

Receive News & Ratings for Alliance Data Systems Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Data Systems Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.