Rhumbline Advisers lowered its stake in shares of Alliance Data Systems Corporation (NYSE:ADS) by 6.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 98,450 shares of the business services provider’s stock after selling 6,974 shares during the period. Rhumbline Advisers’ holdings in Alliance Data Systems Corporation were worth $25,271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wedge Capital Management L L P NC bought a new position in shares of Alliance Data Systems Corporation during the second quarter valued at approximately $83,142,000. Schwab Charles Investment Management Inc. boosted 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 valued at $55,033,000 after buying an additional 37,542 shares during the period. Wetherby Asset Management Inc. boosted 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 valued at $245,000 after buying an additional 103 shares during the period. Global X Management Co. LLC boosted its position in shares of 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 valued at $224,000 after buying an additional 87 shares during the period. Finally, HL Financial Services LLC boosted its position in shares of 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 valued at $4,792,000 after buying an additional 1,246 shares during the period. 98.89% of the stock is owned by hedge funds and other institutional investors.

Alliance Data Systems Corporation (ADS) opened at 222.41 on Tuesday. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 25.36 and a beta of 1.76. The stock’s 50 day moving average price is $247.75 and its 200-day moving average price is $244.98. Alliance Data Systems Corporation has a 52 week low of $193.67 and a 52 week high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the business earned $3.68 earnings per share. Alliance Data Systems Corporation’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Alliance Data Systems Corporation will post $18.06 earnings per share for the current fiscal year.

Alliance Data Systems Corporation declared that its board has approved a stock repurchase plan on Thursday, July 27th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

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

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Several brokerages recently commented on ADS. Credit Suisse Group reissued a “fair value” rating and set a $232.44 price target (up from $174.00) on shares of Alliance Data Systems Corporation in a research report on Thursday, August 10th. Piper Jaffray Companies reissued a “buy” rating and set a $302.00 price target on shares of Alliance Data Systems Corporation in a research report on Thursday, August 3rd. Argus reissued a “buy” rating and set a $290.00 price target (down from $309.00) on shares of Alliance Data Systems Corporation in a research report on Sunday, July 30th. Royal Bank Of Canada reissued a “buy” rating and set a $280.00 price target on shares of Alliance Data Systems Corporation in a research report on Friday, July 28th. Finally, BidaskClub cut Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. Alliance Data Systems Corporation has an average rating of “Hold” and an average 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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