State of Alaska Department of Revenue boosted its position in Alliance Data Systems Corporation (NYSE:ADS) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 847 shares of the business services provider’s stock after buying an additional 50 shares during the period. State of Alaska Department of Revenue’s holdings in Alliance Data Systems Corporation were worth $217,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Johnson Financial Group Inc. increased its stake in shares of Alliance Data Systems Corporation by 9.8% in the first quarter. Johnson Financial Group Inc. now owns 426 shares of the business services provider’s stock worth $106,000 after buying an additional 38 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Alliance Data Systems Corporation by 68.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 462 shares of the business services provider’s stock worth $115,000 after buying an additional 188 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Alliance Data Systems Corporation by 0.8% in the first quarter. Quadrant Capital Group LLC now owns 482 shares of the business services provider’s stock worth $116,000 after buying an additional 4 shares during the last quarter. FNY Partners Fund LP increased its stake in shares of Alliance Data Systems Corporation by 163.0% in the first quarter. FNY Partners Fund LP now owns 526 shares of the business services provider’s stock worth $130,000 after buying an additional 326 shares during the last quarter. Finally, Invictus RG increased its stake in shares of Alliance Data Systems Corporation by 189.7% in the first quarter. Invictus RG now owns 565 shares of the business services provider’s stock worth $141,000 after buying an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 99.03% of the company’s stock.

Alliance Data Systems Corporation (NYSE:ADS) traded down 0.30% during midday trading on Friday, reaching $239.27. 295,593 shares of the company traded hands. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 27.28 and a beta of 1.76. The stock’s 50 day moving average is $253.35 and its 200 day moving average is $244.81. Alliance Data Systems Corporation has a one year low of $193.67 and a one year high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last issued its earnings results on Thursday, July 20th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.47 by $0.37. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.85 billion. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. Alliance Data Systems Corporation’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.68 earnings per share. On average, equities analysts anticipate that Alliance Data Systems Corporation will post $18.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, August 10th. Alliance Data Systems Corporation’s dividend payout ratio is currently 23.69%.

Alliance Data Systems Corporation announced that its Board of Directors has initiated a stock buyback 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 buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

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ADS has been the topic of a number of analyst reports. TheStreet upgraded shares of Alliance Data Systems Corporation from a “c” rating to a “b” rating in a research note on Thursday, April 20th. Jefferies Group LLC restated a “buy” rating and issued a $270.00 price target on shares of Alliance Data Systems Corporation in a research note on Tuesday, May 2nd. Deutsche Bank AG set a $278.00 price target on shares of Alliance Data Systems Corporation and gave the company a “buy” rating in a research note on Monday, May 1st. Zacks Investment Research upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating and set a $288.00 price target on the stock in a research note on Tuesday, June 20th. Finally, ValuEngine upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $251.63.

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

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