Davidson Investment Advisors reduced its stake in Alliance Data Systems Corporation (NYSE:ADS) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,800 shares of the business services provider’s stock after selling 4,590 shares during the quarter. Alliance Data Systems Corporation accounts for 1.2% of Davidson Investment Advisors’ investment portfolio, making the stock its 29th largest position. Davidson Investment Advisors owned 0.06% of Alliance Data Systems Corporation worth $8,417,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Fiduciary Trust Co. acquired a new position in shares of Alliance Data Systems Corporation in the 2nd quarter worth approximately $108,000. Johnson Financial Group Inc. lifted its holdings in shares of Alliance Data Systems Corporation by 9.8% in the 1st quarter. Johnson Financial Group Inc. now owns 426 shares of the business services provider’s stock worth $106,000 after acquiring an additional 38 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Alliance Data Systems Corporation by 5.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 488 shares of the business services provider’s stock worth $125,000 after acquiring an additional 26 shares during the last quarter. FNY Partners Fund LP lifted its holdings in shares of Alliance Data Systems Corporation by 163.0% in the 1st quarter. FNY Partners Fund LP now owns 526 shares of the business services provider’s stock worth $130,000 after acquiring an additional 326 shares during the last quarter. Finally, Invictus RG lifted its holdings in shares of Alliance Data Systems Corporation by 189.7% in the 1st quarter. Invictus RG now owns 565 shares of the business services provider’s stock worth $141,000 after acquiring an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 96.04% of the company’s stock.

Shares of Alliance Data Systems Corporation (NYSE:ADS) traded up 1.16% during midday trading on Monday, hitting $218.51. 158,550 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $226.19 and its 200-day moving average is $243.17. The stock has a market cap of $12.12 billion, a PE ratio of 24.92 and a beta of 1.76. Alliance Data Systems Corporation has a 1-year low of $197.69 and a 1-year high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.37. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Alliance Data Systems Corporation had a net margin of 6.77% and a return on equity of 59.67%. Alliance Data Systems Corporation’s revenue 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. Analysts predict that Alliance Data Systems Corporation will post $18.06 earnings per share for the current fiscal year.

Alliance Data Systems Corporation declared that its board has approved a share repurchase program 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 programs are usually an indication that the company’s management believes its stock is undervalued.

The company 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 dividend on an annualized basis and a dividend yield of 0.96%. Alliance Data Systems Corporation’s payout ratio is currently 23.69%.

Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. KeyCorp restated a “hold” rating on shares of Alliance Data Systems Corporation in a report on Friday, August 25th. Argus restated a “buy” rating and issued a $290.00 price objective (down from $309.00) on shares of Alliance Data Systems Corporation in a report on Sunday, July 30th. Credit Suisse Group restated a “sell” rating and issued a $174.00 price objective on shares of Alliance Data Systems Corporation in a report on Thursday, August 17th. Finally, ValuEngine upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. Alliance Data Systems Corporation presently has a consensus rating of “Hold” and an average target price of $255.47.

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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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