Traders purchased shares of Alliance Data Systems Corporation (NYSE:ADS) on weakness during trading hours on Wednesday. $3.09 million flowed into the stock on the tick-up and $0.90 million flowed out of the stock on the tick-down, for a money net flow of $2.19 million into the stock. Of all equities tracked, Alliance Data Systems Corporation had the 31st highest net in-flow for the day. Alliance Data Systems Corporation traded down ($0.14) for the day and closed at $219.36

A number of brokerages have issued reports on ADS. Zacks Investment Research cut Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $270.00 target price on shares of Alliance Data Systems Corporation in a report on Friday, July 14th. Argus began coverage on Alliance Data Systems Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $309.00 target price for the company. BidaskClub raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Finally, ValuEngine raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. Alliance Data Systems Corporation presently has an average rating of “Hold” and an average price target of $255.47.

The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 24.64 and a beta of 1.76. The stock has a 50-day moving average of $229.75 and a 200 day moving average of $244.21.

Alliance Data Systems Corporation (NYSE:ADS) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.47 by $0.37. The business had revenue of $1.82 billion for 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 business’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.68 EPS. Equities research analysts expect that Alliance Data Systems Corporation will post $18.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.08 annualized dividend and a yield of 0.96%. Alliance Data Systems Corporation’s payout ratio is 23.69%.

Alliance Data Systems Corporation announced that its board has authorized a stock buyback plan on Thursday, July 27th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Several institutional investors and hedge funds have recently modified their holdings of the company. Sentry Investment Management LLC boosted its position in shares of Alliance Data Systems Corporation by 1.5% in the 2nd quarter. Sentry Investment Management LLC now owns 17,242 shares of the business services provider’s stock worth $4,426,000 after purchasing an additional 255 shares in the last quarter. WFG Advisors LP boosted its position in shares of Alliance Data Systems Corporation by 135.9% in the 2nd quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock worth $174,000 after purchasing an additional 390 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Alliance Data Systems Corporation by 24.9% in the 2nd quarter. Toronto Dominion Bank now owns 18,795 shares of the business services provider’s stock worth $4,824,000 after purchasing an additional 3,745 shares in the last quarter. Oak Associates Ltd. OH boosted its position in shares of Alliance Data Systems Corporation by 4.5% in the 2nd quarter. Oak Associates Ltd. OH now owns 51,190 shares of the business services provider’s stock worth $13,140,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Millie Capital Management LLC boosted its position in shares of Alliance Data Systems Corporation by 2.7% in the 2nd quarter. Millie Capital Management LLC now owns 10,566 shares of the business services provider’s stock worth $2,712,000 after purchasing an additional 282 shares in the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This piece of content was originally published by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/08/traders-buy-shares-of-alliance-data-systems-corporation-ads-on-weakness.html.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.