Cubist Systematic Strategies LLC purchased a new position in shares of Alliance Data Systems Corporation (NYSE:ADS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,325 shares of the business services provider’s stock, valued at approximately $597,000.

Several other hedge funds also recently bought and sold shares of ADS. Fiduciary Trust Co. acquired a new stake in Alliance Data Systems Corporation in the second quarter valued at approximately $108,000. Benjamin F. Edwards & Company Inc. lifted its stake in 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 acquiring an additional 26 shares during the last quarter. ETF Managers Group LLC acquired a new stake in Alliance Data Systems Corporation in the second quarter valued at approximately $128,000. FNY Partners Fund LP lifted its stake in Alliance Data Systems Corporation by 163.0% in 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 last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Alliance Data Systems Corporation in the first quarter valued at approximately $141,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Shares of Alliance Data Systems Corporation (NYSE:ADS) opened at 232.80 on Friday. The stock has a 50 day moving average price of $221.89 and a 200-day moving average price of $239.34. Alliance Data Systems Corporation has a 52 week low of $197.69 and a 52 week high of $266.25. The company has a market capitalization of $12.92 billion, a PE ratio of 26.55 and a beta of 1.75.

Alliance Data Systems Corporation (NYSE:ADS) last posted its quarterly earnings data on Thursday, October 19th. The business services provider reported $5.35 EPS for the quarter, topping the Zacks’ consensus estimate of $5.02 by $0.33. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.97 billion. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.74 earnings per share. Equities research analysts expect that Alliance Data Systems Corporation will post $18.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 14th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Monday, November 13th. Alliance Data Systems Corporation’s dividend payout ratio is currently 23.69%.

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

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A number of analysts have issued reports on ADS shares. Argus started coverage on shares of Alliance Data Systems Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $309.00 target price for the company. Deutsche Bank AG reiterated a “buy” rating and issued a $278.00 target price on shares of Alliance Data Systems Corporation in a research note on Monday, July 10th. BidaskClub upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Jefferies Group LLC reissued a “buy” rating and issued a $270.00 price target on shares of Alliance Data Systems Corporation in a research report on Friday, July 14th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $302.00 price target on shares of Alliance Data Systems Corporation in a research report on Thursday, August 3rd. Four 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’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $257.00.

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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