Janney Montgomery Scott LLC boosted its stake in shares of Alliance Data Systems Corporation (NYSE:ADS) by 12.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,418 shares of the business services provider’s stock after buying an additional 482 shares during the period. Janney Montgomery Scott LLC’s holdings in Alliance Data Systems Corporation were worth $1,134,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. increased its stake in 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 during the period. Benjamin F. Edwards & Company Inc. increased its stake in Alliance Data Systems Corporation by 68.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 462 shares of the business services provider’s stock valued at $115,000 after buying an additional 188 shares during the period. Quadrant Capital Group LLC increased its stake in Alliance Data Systems Corporation by 0.8% in the first quarter. Quadrant Capital Group LLC now owns 482 shares of the business services provider’s stock valued at $116,000 after buying an additional 4 shares during the period. FNY Partners Fund LP increased 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 buying an additional 326 shares during the period. Finally, Invictus RG increased its stake in Alliance Data Systems Corporation by 189.7% in 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. Institutional investors own 98.78% of the company’s stock.

Alliance Data Systems Corporation (ADS) opened at 222.64 on Friday. The stock has a 50 day moving average price of $248.86 and a 200 day moving average price of $244.71. Alliance Data Systems Corporation has a 1-year low of $193.67 and a 1-year high of $266.25. The stock has a market cap of $12.35 billion, a PE ratio of 25.39 and a beta of 1.76.

Alliance Data Systems Corporation (NYSE:ADS) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.37. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.68 EPS. On average, analysts predict that Alliance Data Systems Corporation will post $18.06 EPS for the current fiscal year.

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

The firm 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. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.93%. Alliance Data Systems Corporation’s payout ratio is 23.69%.

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Several research firms have commented on ADS. Zacks Investment Research raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating and set a $288.00 target price on the stock in a report on Tuesday, June 20th. ValuEngine raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Argus began coverage on Alliance Data Systems Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $309.00 target price on the stock. Wedbush reissued a “neutral” rating and issued a $252.00 target price (up from $225.00) on shares of Alliance Data Systems Corporation in a report on Tuesday, June 6th. Finally, TheStreet raised Alliance Data Systems Corporation from a “c” rating to a “b” rating in a report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $255.97.

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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