Northern Trust Corp reduced its stake in Alliance Data Systems Co. (NYSE:ADS) by 0.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 966,906 shares of the business services provider’s stock after selling 2,817 shares during the quarter. Northern Trust Corp’s holdings in Alliance Data Systems were worth $135,493,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Neuburgh Advisers LLC increased its position in shares of Alliance Data Systems by 52.5% during the second quarter. Neuburgh Advisers LLC now owns 27,064 shares of the business services provider’s stock valued at $3,792,000 after buying an additional 9,316 shares during the period. Riverhead Capital Management LLC increased its position in shares of Alliance Data Systems by 50.2% during the second quarter. Riverhead Capital Management LLC now owns 20,045 shares of the business services provider’s stock valued at $2,809,000 after buying an additional 6,701 shares during the period. Pacer Advisors Inc. increased its position in shares of Alliance Data Systems by 40.5% during the second quarter. Pacer Advisors Inc. now owns 38,272 shares of the business services provider’s stock valued at $5,363,000 after buying an additional 11,027 shares during the period. Renaissance Technologies LLC increased its position in shares of Alliance Data Systems by 40.2% during the second quarter. Renaissance Technologies LLC now owns 360,742 shares of the business services provider’s stock valued at $50,551,000 after buying an additional 103,500 shares during the period. Finally, Veritable L.P. increased its position in shares of Alliance Data Systems by 2.5% in the second quarter. Veritable L.P. now owns 2,725 shares of the business services provider’s stock worth $382,000 after purchasing an additional 67 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors.

In other Alliance Data Systems news, CFO Timothy P. King sold 2,600 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $156.30, for a total transaction of $406,380.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by company insiders.

NYSE ADS traded up $0.16 on Friday, reaching $134.85. 14,550 shares of the company’s stock traded hands, compared to its average volume of 1,563,550. Alliance Data Systems Co. has a 12 month low of $118.40 and a 12 month high of $250.27. The company has a debt-to-equity ratio of 7.16, a current ratio of 2.67 and a quick ratio of 2.64. The stock has a 50-day simple moving average of $140.98 and a 200 day simple moving average of $152.17. The stock has a market cap of $6.76 billion, a PE ratio of 6.28, a P/E/G ratio of 0.48 and a beta of 1.70.

Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings results on Thursday, July 18th. The business services provider reported $3.66 EPS for the quarter, missing analysts’ consensus estimates of $4.08 by ($0.42). Alliance Data Systems had a net margin of 13.01% and a return on equity of 46.72%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the business earned $5.01 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. As a group, analysts anticipate that Alliance Data Systems Co. will post 18.95 EPS for the current year.

Alliance Data Systems declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 9th that allows the company to buyback $1.10 billion in outstanding shares. This buyback authorization allows the business services provider to purchase up to 14.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, September 3rd. Alliance Data Systems’s payout ratio is currently 11.69%.

Several research firms recently weighed in on ADS. Buckingham Research restated a “neutral” rating and issued a $169.00 price objective on shares of Alliance Data Systems in a research report on Monday, July 22nd. SunTrust Banks decreased their price objective on shares of Alliance Data Systems to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. UBS Group upgraded shares of Alliance Data Systems from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $160.00 to $155.00 in a research report on Tuesday, September 3rd. Deutsche Bank upgraded shares of Alliance Data Systems from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Finally, Robert W. Baird set a $173.00 price objective on shares of Alliance Data Systems and gave the stock a “hold” rating in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Alliance Data Systems presently has a consensus rating of “Hold” and an average target price of $188.50.

Alliance Data Systems Company Profile

Alliance Data Systems Corporation provides data-driven marketing and loyalty solutions worldwide. It operates through three segments: LoyaltyOne, Epsilon, and Card Services. 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 (NYSE:ADS)

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