Utah Retirement Systems cut its stake in Alliance Data Systems Corporation (NYSE:ADS) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,891 shares of the business services provider’s stock after selling 1,200 shares during the period. Utah Retirement Systems’ holdings in Alliance Data Systems Corporation were worth $2,283,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. raised its stake in shares of Alliance Data Systems Corporation by 29.5% in the first quarter. Daiwa Securities Group Inc. now owns 50,087 shares of the business services provider’s stock valued at $12,472,000 after buying an additional 11,409 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Alliance Data Systems Corporation by 79.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 9,360 shares of the business services provider’s stock valued at $2,378,000 after buying an additional 4,158 shares during the period. Flinton Capital Management LLC raised its position in Alliance Data Systems Corporation by 5.0% in the first quarter. Flinton Capital Management LLC now owns 2,352 shares of the business services provider’s stock worth $586,000 after buying an additional 112 shares during the last quarter. Advisors Asset Management Inc. raised its position in Alliance Data Systems Corporation by 924.5% in the first quarter. Advisors Asset Management Inc. now owns 2,049 shares of the business services provider’s stock worth $510,000 after buying an additional 1,849 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Alliance Data Systems Corporation by 152.9% in the first quarter. First Trust Advisors LP now owns 74,462 shares of the business services provider’s stock worth $18,541,000 after buying an additional 45,013 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

Shares of Alliance Data Systems Corporation (NYSE:ADS) opened at 225.18 on Friday. Alliance Data Systems Corporation has a 12 month low of $196.40 and a 12 month high of $266.25. The firm has a 50-day moving average price of $234.36 and a 200 day moving average price of $244.39. The company has a market cap of $12.49 billion, a P/E ratio of 25.68 and a beta of 1.76.

Alliance Data Systems Corporation (NYSE:ADS) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.37. The business 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 firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.68 EPS. Equities analysts predict that Alliance Data Systems Corporation will post $18.06 earnings per share for the current year.

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

Alliance Data Systems Corporation announced that its board has initiated a stock repurchase plan on Thursday, July 27th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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A number of research firms have weighed in on ADS. Argus began coverage on Alliance Data Systems Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $309.00 target price for 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 raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating and set a $288.00 target price for the company in a report on Tuesday, June 20th. Wedbush reaffirmed a “neutral” rating and set a $252.00 target price (up previously from $225.00) on shares of Alliance Data Systems Corporation in a report on Tuesday, June 6th. Finally, Barclays PLC lowered Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $285.00 to $265.00 in a report on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. Alliance Data Systems Corporation presently has a consensus rating of “Hold” and an average price target of $255.47.

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.

Institutional Ownership by Quarter for Alliance Data Systems Corporation (NYSE:ADS)

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