United Services Automobile Association reduced its stake in Alliance Data Systems Co. (NYSE:ADS) by 2.8% during the first quarter, Holdings Channel reports. The institutional investor owned 123,415 shares of the business services provider’s stock after selling 3,502 shares during the period. United Services Automobile Association’s holdings in Alliance Data Systems were worth $30,730,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ADS. Ruffer LLP purchased a new stake in Alliance Data Systems during the fourth quarter valued at about $136,114,000. Norges Bank purchased a new stake in Alliance Data Systems during the fourth quarter valued at about $79,830,000. OMERS ADMINISTRATION Corp boosted its stake in Alliance Data Systems by 60.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 711,719 shares of the business services provider’s stock valued at $177,218,000 after buying an additional 267,349 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in Alliance Data Systems by 240.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 270,009 shares of the business services provider’s stock valued at $61,697,000 after buying an additional 190,649 shares during the last quarter. Finally, Boston Advisors LLC boosted its stake in Alliance Data Systems by 4,805.8% in the first quarter. Boston Advisors LLC now owns 129,220 shares of the business services provider’s stock valued at $32,176,000 after buying an additional 126,586 shares during the last quarter. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Alliance Data Systems Co. (NYSE ADS) traded up 0.5660% on Wednesday, reaching $241.6199. 66,319 shares of the company were exchanged. The company has a 50-day moving average price of $247.94 and a 200 day moving average price of $239.18. Alliance Data Systems Co. has a 1-year low of $185.02 and a 1-year high of $266.25. The stock has a market capitalization of $13.45 billion, a PE ratio of 32.0706 and a beta of 1.65.

Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings data on Thursday, April 20th. The business services provider reported $3.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.64 by $0.27. Alliance Data Systems had a net margin of 7.23% and a return on equity of 54.59%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $3.84 earnings per share. Alliance Data Systems’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts forecast that Alliance Data Systems Co. will post $18.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 19th. Shareholders of record on Monday, May 15th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.87%. The ex-dividend date is Thursday, May 11th. Alliance Data Systems’s dividend payout ratio (DPR) is 28.42%.

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Several research firms recently issued reports on ADS. Oppenheimer Holdings Inc. began coverage on shares of Alliance Data Systems in a research report on Tuesday, April 11th. They set an “underperform” rating and a $185.00 price objective for the company. Deutsche Bank AG set a $278.00 price objective on shares of Alliance Data Systems and gave the stock a “buy” rating in a research report on Monday, May 1st. Cowen and Company restated an “outperform” rating and set a $255.00 price objective on shares of Alliance Data Systems in a research report on Wednesday, April 19th. Zacks Investment Research cut shares of Alliance Data Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $270.00 price target on shares of Alliance Data Systems in a research report on Tuesday, May 2nd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $243.36.

About Alliance Data Systems

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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