Clinton Group Inc. cut its stake in shares of Alliance Data Systems Corporation (NYSE:ADS) by 11.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,943 shares of the business services provider’s stock after selling 528 shares during the period. Clinton Group Inc.’s holdings in Alliance Data Systems Corporation were worth $1,012,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiduciary Trust Co. bought a new stake in shares of Alliance Data Systems Corporation during the second quarter valued at about $108,000. Johnson Financial Group Inc. increased its position 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 buying an additional 38 shares during the period. Benjamin F. Edwards & Company Inc. increased its position 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 buying an additional 26 shares during the period. FNY Partners Fund LP increased its position 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 buying an additional 326 shares during the period. Finally, Invictus RG increased its position 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 buying an additional 370 shares during the period. Hedge funds and other institutional investors own 96.04% of the company’s stock.

ADS has been the topic of several analyst reports. Argus initiated coverage on Alliance Data Systems Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $309.00 price target on the stock. Barclays PLC lowered Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $285.00 to $265.00 in a report on Friday, July 21st. BidaskClub raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. ValuEngine raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $278.00 price objective on shares of Alliance Data Systems Corporation in a report on Monday, July 10th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $253.44.

Shares of Alliance Data Systems Corporation (NYSE ADS) opened at 225.36 on Thursday. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 25.70 and a beta of 1.75. The firm has a 50-day moving average price of $220.65 and a 200 day moving average price of $240.66. Alliance Data Systems Corporation has a 52 week low of $197.69 and a 52 week high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last released its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the company posted $3.68 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, analysts forecast that Alliance Data Systems Corporation will post $18.06 EPS for the current fiscal year.

Alliance Data Systems Corporation announced that its board has initiated a share buyback 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 buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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

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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.

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

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