Pitcairn Co. decreased its position in Alliance Data Systems Corporation (NYSE:ADS) by 12.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,242 shares of the business services provider’s stock after selling 182 shares during the period. Pitcairn Co.’s holdings in Alliance Data Systems Corporation were worth $319,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC bought a new position in shares of Alliance Data Systems Corporation during the second quarter worth $83,142,000. Schwab Charles Investment Management Inc. increased its position in shares of Alliance Data Systems Corporation by 21.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 214,392 shares of the business services provider’s stock worth $55,033,000 after buying an additional 37,542 shares during the last quarter. Wetherby Asset Management Inc. increased its position in shares of Alliance Data Systems Corporation by 12.1% in the second quarter. Wetherby Asset Management Inc. now owns 955 shares of the business services provider’s stock worth $245,000 after buying an additional 103 shares during the last quarter. Global X Management Co. LLC raised its stake in Alliance Data Systems Corporation by 11.1% in the second quarter. Global X Management Co. LLC now owns 873 shares of the business services provider’s stock worth $224,000 after buying an additional 87 shares during the period. Finally, HL Financial Services LLC raised its stake in Alliance Data Systems Corporation by 7.2% in the second quarter. HL Financial Services LLC now owns 18,667 shares of the business services provider’s stock worth $4,792,000 after buying an additional 1,246 shares during the period. 98.89% of the stock is owned by institutional investors.

Shares of Alliance Data Systems Corporation (ADS) opened at 226.45 on Wednesday. The company has a market cap of $12.56 billion, a price-to-earnings ratio of 25.82 and a beta of 1.76. Alliance Data Systems Corporation has a 1-year low of $193.67 and a 1-year high of $266.25. The firm has a 50-day moving average price of $246.76 and a 200 day moving average price of $245.01.

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

Alliance Data Systems Corporation declared that its board has approved a stock buyback program on Thursday, July 27th that permits the company to buyback $500.00 million in outstanding 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 leadership believes its shares are undervalued.

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

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A number of analysts have issued reports on the company. ValuEngine raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded Alliance Data Systems Corporation from a “hold” rating to a “buy” rating and set a $288.00 target price for the company in a research report on Tuesday, June 20th. Argus assumed coverage on Alliance Data Systems Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $309.00 target price for the company. Wedbush restated a “neutral” rating and set a $252.00 target price (up previously from $225.00) on shares of Alliance Data Systems Corporation in a research report on Tuesday, June 6th. Finally, TheStreet upgraded Alliance Data Systems Corporation from a “c” rating to a “b” rating in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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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