Shares of Alliance Data Systems Corp. (NYSE:ADS) saw an uptick in trading volume on Wednesday . 710,623 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 673,257 shares.The stock last traded at $201.30 and had previously closed at $211.85.

A number of research firms have recently weighed in on ADS. Vetr cut shares of Alliance Data Systems Corp. from a “strong-buy” rating to a “buy” rating and set a $248.36 price target on the stock. in a report on Tuesday, May 31st. Barclays PLC lowered their price target on shares of Alliance Data Systems Corp. from $280.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Pacific Crest restated an “overweight” rating and issued a $250.00 price target on shares of Alliance Data Systems Corp. in a report on Friday, July 15th. Stifel Nicolaus cut shares of Alliance Data Systems Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 18th. Finally, Zacks Investment Research upgraded shares of Alliance Data Systems Corp. from a “hold” rating to a “buy” rating and set a $258.00 price target on the stock in a report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Alliance Data Systems Corp. currently has a consensus rating of “Buy” and an average price target of $277.83.

The company has a market cap of $11.68 billion and a PE ratio of 24.85. The stock’s 50 day moving average price is $215.70 and its 200-day moving average price is $209.29.

Alliance Data Systems Corp. (NYSE:ADS) last issued its quarterly earnings data on Thursday, July 21st. The company reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.09. The business earned $1.75 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm earned $3.32 EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities analysts expect that Alliance Data Systems Corp. will post $16.85 earnings per share for the current fiscal year.

In related news, Director Bruce K. Anderson sold 354 shares of the business’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $221.70, for a total value of $78,481.80. Following the sale, the director now owns 854,073 shares of the company’s stock, valued at $189,347,984.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Other hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of Alliance Data Systems Corp. by 30.9% in the fourth quarter. Victory Capital Management Inc. now owns 3,784 shares of the company’s stock worth $1,047,000 after buying an additional 893 shares during the period. Marshall Wace LLP purchased a new stake in shares of Alliance Data Systems Corp. during the fourth quarter worth approximately $1,975,000. State of Tennessee Treasury Department boosted its stake in shares of Alliance Data Systems Corp. by 37.3% in the fourth quarter. State of Tennessee Treasury Department now owns 26,367 shares of the company’s stock worth $7,293,000 after buying an additional 7,170 shares during the period. Redwood Investments LLC boosted its stake in shares of Alliance Data Systems Corp. by 17.9% in the fourth quarter. Redwood Investments LLC now owns 49,445 shares of the company’s stock worth $13,675,000 after buying an additional 7,513 shares during the period. Finally, I.G. Investment Management LTD. boosted its stake in shares of Alliance Data Systems Corp. by 1.0% in the fourth quarter. I.G. Investment Management LTD. now owns 54,738 shares of the company’s stock worth $15,139,000 after buying an additional 545 shares during the period.

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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