Smithfield Trust Co. decreased its stake in shares of Alliance Data Systems Corporation (NYSE:ADS) by 15.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 506 shares of the business services provider’s stock after selling 92 shares during the period. Smithfield Trust Co.’s holdings in Alliance Data Systems Corporation were worth $130,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. ValueAct Holdings L.P. raised its stake in shares of 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 valued at $1,463,473,000 after buying an additional 630,900 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Alliance Data Systems Corporation by 1.8% in the first quarter. Vanguard Group Inc. now owns 5,309,305 shares of the business services provider’s stock valued at $1,322,018,000 after buying an additional 95,494 shares during the last quarter. BlackRock Inc. raised its stake in shares of 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 valued at $830,376,000 after buying an additional 3,230,733 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Alliance Data Systems Corporation by 2.8% in the first quarter. Wellington Management Group LLP now owns 3,183,364 shares of the business services provider’s stock valued at $792,658,000 after buying an additional 86,754 shares during the last quarter. Finally, Edgewood Management LLC raised its stake in shares of Alliance Data Systems Corporation by 4.2% in the first quarter. Edgewood Management LLC now owns 2,721,392 shares of the business services provider’s stock valued at $677,627,000 after buying an additional 109,521 shares during the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.

Shares of Alliance Data Systems Corporation (NYSE ADS) opened at 232.44 on Thursday. The company’s 50-day moving average is $250.97 and its 200-day moving average is $244.92. 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 $12.92 billion, a price-to-earnings ratio of 26.50 and a beta of 1.76.

Alliance Data Systems Corporation (NYSE:ADS) last released its earnings results on Thursday, July 20th. The business services provider reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.37. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company earned $3.68 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts predict that Alliance Data Systems Corporation will post $18.06 EPS for the current year.

Alliance Data Systems Corporation announced that its board has authorized a stock repurchase program on Thursday, July 27th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 14th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, August 10th. This represents a $2.08 annualized dividend and a dividend yield of 0.89%. Alliance Data Systems Corporation’s dividend payout ratio (DPR) is 23.69%.

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Several equities research analysts have issued reports on ADS shares. Argus initiated coverage on shares of Alliance Data Systems Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $309.00 target price for the company. Compass Point upgraded shares of Alliance Data Systems Corporation from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $190.00 to $200.00 in a report on Thursday, May 25th. Barclays PLC lowered shares of Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $285.00 to $265.00 in a report on Friday, July 21st. BidaskClub upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Finally, ValuEngine upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Three equities 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 presently has a consensus rating of “Hold” and a consensus target price of $251.63.

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.

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

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