Great West Life Assurance Co. Can cut its position in Alliance Data Systems Corporation (NYSE:ADS) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,212 shares of the business services provider’s stock after selling 2,650 shares during the period. Great West Life Assurance Co. Can’s holdings in Alliance Data Systems Corporation were worth $9,801,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ADS. ValueAct Holdings L.P. raised its stake 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. raised its stake 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. raised its stake 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 raised its stake 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 raised its stake 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. Hedge funds and other institutional investors own 98.78% of the company’s stock.

Alliance Data Systems Corporation (NYSE ADS) opened at 222.21 on Friday. The stock’s 50 day moving average price is $249.92 and its 200 day moving average price is $244.76. Alliance Data Systems Corporation has a 12-month low of $193.67 and a 12-month high of $266.25. The company has a market cap of $12.33 billion, a PE ratio of 25.34 and a beta of 1.76.

Alliance Data Systems Corporation (NYSE:ADS) last released its earnings results on Thursday, July 20th. The business services provider reported $3.84 EPS for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the firm posted $3.68 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Alliance Data Systems Corporation will post $18.06 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, August 14th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, August 10th. This represents a $2.08 annualized dividend and a yield of 0.94%. Alliance Data Systems Corporation’s dividend payout ratio is currently 23.69%.

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A number of analysts recently commented on ADS shares. Argus started coverage on Alliance Data Systems Corporation in a research report on Thursday, July 13th. They issued a “buy” rating and a $309.00 price objective for the company. Compass Point upgraded Alliance Data Systems Corporation from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $190.00 to $200.00 in a research report on Thursday, May 25th. Barclays PLC lowered Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $285.00 to $265.00 in a research report on Friday, July 21st. BidaskClub upgraded Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, ValuEngine upgraded Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $255.97.

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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