Los Angeles Capital Management & Equity Research Inc. bought a new stake in Alliance Data Systems Corp. (NYSE:ADS) during the second quarter, Holdings Channel reports. The institutional investor bought 3,168 shares of the company’s stock, valued at approximately $621,000.

Several other institutional investors have also bought and sold shares of ADS. Bank of Montreal Can acquired a new position in Alliance Data Systems Corp. during the second quarter valued at $130,349,000. Wellington Management Group LLP increased its position in Alliance Data Systems Corp. by 33.5% in the first quarter. Wellington Management Group LLP now owns 2,459,926 shares of the company’s stock valued at $541,184,000 after buying an additional 616,829 shares during the last quarter. Norges Bank acquired a new position in Alliance Data Systems Corp. during the fourth quarter valued at $127,255,000. Cooke & Bieler LP acquired a new position in Alliance Data Systems Corp. during the second quarter valued at $75,659,000. Finally, American Century Companies Inc. increased its position in Alliance Data Systems Corp. by 16.5% in the second quarter. American Century Companies Inc. now owns 1,514,754 shares of the company’s stock valued at $296,771,000 after buying an additional 214,480 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Shares of Alliance Data Systems Corp. (NYSE:ADS) traded up 0.99% on Thursday, reaching $217.76. 328,224 shares of the company’s stock traded hands. Alliance Data Systems Corp. has a 12-month low of $176.63 and a 12-month high of $303.75. The stock has a 50-day moving average of $211.28 and a 200 day moving average of $210.82. The firm has a market cap of $12.75 billion, a P/E ratio of 27.11 and a beta of 1.40.

Alliance Data Systems Corp. (NYSE:ADS) last posted its earnings results on Thursday, July 21st. The company reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.59 by $0.09. Alliance Data Systems Corp. had a net margin of 8.85% and a return on equity of 47.99%. The firm earned $1.75 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm posted $3.32 earnings per share. Alliance Data Systems Corp.’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, equities research analysts expect that Alliance Data Systems Corp. will post $16.85 earnings per share for the current year.

Several brokerages recently commented on ADS. BMO Capital Markets cut shares of Alliance Data Systems Corp. from an “outperform” rating to a “market perform” rating and set a $235.00 price objective for the company. in a research note on Friday, July 22nd. They noted that the move was a valuation call. Stifel Nicolaus cut shares of Alliance Data Systems Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 18th. Barclays PLC reduced their price objective on shares of Alliance Data Systems Corp. from $280.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Credit Suisse Group AG cut shares of Alliance Data Systems Corp. from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $233.00 to $290.00 in a research note on Wednesday, August 17th. Finally, Zacks Investment Research cut shares of Alliance Data Systems Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Alliance Data Systems Corp. currently has a consensus rating of “Buy” and an average price target of $271.02.

About Alliance Data Systems Corp.

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.

5 Day Chart for NYSE:ADS

Want to see what other hedge funds are holding ADS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliance Data Systems Corp. (NYSE:ADS).

Receive News & Ratings for Alliance Data Systems Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Data Systems Corp. and related companies with MarketBeat.com's FREE daily email newsletter.