Piper Jaffray Companies reaffirmed their buy rating on shares of Alliance Data Systems Corporation (NYSE:ADS) in a research report released on Thursday. Piper Jaffray Companies currently has a $302.00 price target on the business services provider’s stock.

Other equities analysts also recently issued reports about the stock. 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. ValuEngine upgraded shares of Alliance Data Systems Corporation from a hold rating to a buy rating in a research note on Tuesday, June 20th. Argus began coverage on shares of Alliance Data Systems Corporation in a research note on Thursday, July 13th. They issued a buy rating and a $309.00 price target on the stock. TheStreet upgraded shares of Alliance Data Systems Corporation from a c rating to a b rating in a research note on Thursday, April 20th. Finally, Wedbush restated a neutral rating and issued a $252.00 price target (up from $225.00) on shares of Alliance Data Systems Corporation in a research note on Tuesday, June 6th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $251.63.

Alliance Data Systems Corporation (NYSE ADS) opened at 239.27 on Thursday. Alliance Data Systems Corporation has a 12-month low of $193.67 and a 12-month high of $266.25. The company has a market capitalization of $13.30 billion, a P/E 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 (NYSE:ADS) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $3.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.47 by $0.37. Alliance Data Systems Corporation had a net margin of 6.77% and a return on equity of 59.67%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the company posted $3.68 earnings per share. Alliance Data Systems Corporation’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts predict that Alliance Data Systems Corporation will post $18.06 earnings per share for the current fiscal year.

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

Alliance Data Systems Corporation declared that its board has approved a share repurchase program on Thursday, July 27th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted 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 buying an additional 3,230,733 shares during the period. ValueAct Holdings L.P. boosted its position in Alliance Data Systems Corporation by 12.0% in the first quarter. ValueAct Holdings L.P. now owns 5,877,400 shares of the business services provider’s stock worth $1,463,473,000 after buying an additional 630,900 shares during the period. Thrivent Financial For Lutherans boosted its position in Alliance Data Systems Corporation by 117.2% in the first quarter. Thrivent Financial For Lutherans now owns 1,108,415 shares of the business services provider’s stock worth $275,995,000 after buying an additional 598,200 shares during the period. Morgan Stanley boosted its position in Alliance Data Systems Corporation by 173.0% in the first quarter. Morgan Stanley now owns 688,894 shares of the business services provider’s stock worth $171,534,000 after buying an additional 436,590 shares during the period. Finally, Jana Partners LLC boosted its position in Alliance Data Systems Corporation by 617.3% in the first quarter. Jana Partners LLC now owns 426,037 shares of the business services provider’s stock worth $106,083,000 after buying an additional 366,640 shares during the period. 99.03% of the stock is owned by hedge funds and other institutional investors.

About Alliance Data Systems Corporation

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.

Analyst Recommendations for Alliance Data Systems Corporation (NYSE:ADS)

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