Pictet Asset Management Ltd. decreased its stake in shares of Alliance Data Systems Corporation (NYSE:ADS) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,231 shares of the business services provider’s stock after selling 3,030 shares during the period. Pictet Asset Management Ltd.’s holdings in Alliance Data Systems Corporation were worth $6,566,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Bessemer Group Inc. increased its stake in shares of Alliance Data Systems Corporation by 892.9% in the second quarter. Bessemer Group Inc. now owns 1,549 shares of the business services provider’s stock valued at $397,000 after buying an additional 1,393 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Alliance Data Systems Corporation by 22.1% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,307 shares of the business services provider’s stock valued at $3,159,000 after buying an additional 2,228 shares during the last quarter. Carleon Capital Partners LLC acquired a new stake in shares of Alliance Data Systems Corporation during the second quarter valued at $3,652,000. Nicolet Bankshares Inc. increased its stake in shares of Alliance Data Systems Corporation by 28.0% in the second quarter. Nicolet Bankshares Inc. now owns 1,767 shares of the business services provider’s stock valued at $454,000 after buying an additional 387 shares during the last quarter. Finally, Cardinal Capital Management increased its stake in shares of Alliance Data Systems Corporation by 16.1% in the second quarter. Cardinal Capital Management now owns 2,201 shares of the business services provider’s stock valued at $565,000 after buying an additional 305 shares during the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Alliance Data Systems Corporation (ADS) opened at 228.62 on Thursday. The stock has a 50 day moving average price of $245.87 and a 200-day moving average price of $244.89. The firm has a market capitalization of $12.68 billion, a PE ratio of 26.07 and a beta of 1.76. 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 quarterly earnings results on Thursday, July 20th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.37. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.68 earnings per share. On average, equities analysts forecast that Alliance Data Systems Corporation will post $18.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, August 14th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 10th. Alliance Data Systems Corporation’s dividend payout ratio (DPR) is currently 23.69%.

Alliance Data Systems Corporation announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 27th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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Several analysts recently weighed in on the company. Credit Suisse Group restated a “sell” rating and set a $174.00 target price on shares of Alliance Data Systems Corporation in a research note on Thursday. Piper Jaffray Companies restated a “buy” rating and set a $302.00 target price on shares of Alliance Data Systems Corporation in a research note on Thursday, August 3rd. Argus restated a “buy” rating and set a $290.00 target price (down previously from $309.00) on shares of Alliance Data Systems Corporation in a research note on Sunday, July 30th. Royal Bank Of Canada restated a “buy” rating and set a $280.00 target price on shares of Alliance Data Systems Corporation in a research note on Friday, July 28th. Finally, BidaskClub downgraded Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $252.31.

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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