Voya Investment Management LLC lessened its holdings in Alliance Data Systems Corporation (NYSE:ADS) by 8.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,439 shares of the business services provider’s stock after selling 3,026 shares during the quarter. Voya Investment Management LLC owned approximately 0.06% of Alliance Data Systems Corporation worth $8,584,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its position in Alliance Data Systems Corporation by 3,103.0% in the first quarter. BlackRock Inc. now owns 3,334,850 shares of the business services provider’s stock worth $830,376,000 after acquiring an additional 3,230,733 shares in the last quarter. ValueAct Holdings L.P. increased its stake in Alliance Data Systems Corporation by 12.0% in the 1st quarter. ValueAct Holdings L.P. now owns 5,877,400 shares of the business services provider’s stock worth $1,463,473,000 after purchasing an additional 630,900 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in Alliance Data Systems Corporation by 117.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 1,108,415 shares of the business services provider’s stock worth $275,995,000 after purchasing an additional 598,200 shares in the last quarter. Morgan Stanley increased its stake in Alliance Data Systems Corporation by 173.0% in the 1st quarter. Morgan Stanley now owns 688,894 shares of the business services provider’s stock worth $171,534,000 after purchasing an additional 436,590 shares in the last quarter. Finally, USS Investment Management Ltd increased its stake in Alliance Data Systems Corporation by 321.7% in the 2nd quarter. USS Investment Management Ltd now owns 506,000 shares of the business services provider’s stock worth $129,926,000 after purchasing an additional 386,000 shares in the last quarter. 96.02% of the stock is owned by institutional investors.
Several equities analysts have weighed in on ADS shares. Argus assumed coverage on Alliance Data Systems Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $309.00 target price on the stock. ValuEngine upgraded Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. BMO Capital Markets reiterated a “hold” rating and set a $235.00 price target on shares of Alliance Data Systems Corporation in a report on Wednesday. Piper Jaffray Companies reiterated a “buy” rating and set a $302.00 price target on shares of Alliance Data Systems Corporation in a report on Thursday, August 3rd. Finally, Barclays PLC lowered Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $285.00 to $265.00 in a report on Friday, July 21st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $252.33.
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Shares of Alliance Data Systems Corporation (NYSE:ADS) opened at 226.94 on Wednesday. The firm has a market cap of $12.59 billion, a price-to-earnings ratio of 25.88 and a beta of 1.75. The stock’s 50 day moving average price is $221.23 and its 200-day moving average price is $239.77. Alliance Data Systems Corporation has a 52-week low of $197.69 and a 52-week high of $266.25.
Alliance Data Systems Corporation (NYSE:ADS) last announced its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.47 by $0.37. The firm had revenue of $1.82 billion for 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 company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $3.68 earnings per share. On average, analysts forecast that Alliance Data Systems Corporation will post $18.07 EPS for the current year.
Alliance Data Systems Corporation declared that its Board of Directors has authorized a share repurchase program on Thursday, July 27th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.08 annualized dividend and a yield of 0.92%. Alliance Data Systems Corporation’s payout ratio is 23.69%.
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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