Northern Trust Corp raised its position in Alliance Data Systems Corporation (NYSE:ADS) by 41.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,308,680 shares of the business services provider’s stock after buying an additional 382,814 shares during the period. Northern Trust Corp owned about 2.35% of Alliance Data Systems Corporation worth $335,925,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. ValueAct Holdings L.P. boosted its position in Alliance Data Systems Corporation by 12.0% in the 1st 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. boosted its position in shares of Alliance Data Systems Corporation by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 5,309,305 shares of the business services provider’s stock worth $1,322,018,000 after purchasing an additional 95,494 shares during the last quarter. BlackRock Inc. boosted its position in shares of Alliance Data Systems Corporation by 3,103.0% in the 1st quarter. BlackRock Inc. now owns 3,334,850 shares of the business services provider’s stock worth $830,376,000 after purchasing an additional 3,230,733 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Alliance Data Systems Corporation by 2.8% in the 1st quarter. Wellington Management Group LLP now owns 3,183,364 shares of the business services provider’s stock worth $792,658,000 after purchasing an additional 86,754 shares during the last quarter. Finally, Edgewood Management LLC boosted its position in shares of Alliance Data Systems Corporation by 4.2% in the 1st quarter. Edgewood Management LLC now owns 2,721,392 shares of the business services provider’s stock worth $677,627,000 after purchasing an additional 109,521 shares during the last quarter. Hedge funds and other institutional investors own 96.04% of the company’s stock.

Alliance Data Systems Corporation (ADS) traded up 0.56% during mid-day trading on Friday, hitting $217.01. 28,198 shares of the stock traded hands. The company’s 50 day moving average is $224.76 and its 200 day moving average is $242.73. The company has a market cap of $12.04 billion, a P/E ratio of 24.74 and a beta of 1.76. Alliance Data Systems Corporation has a 12 month low of $197.69 and a 12 month high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last announced its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.37. The firm had revenue of $1.82 billion during 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%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.68 earnings per share. On average, analysts expect that Alliance Data Systems Corporation will post $18.05 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Monday, August 14th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.99%. Alliance Data Systems Corporation’s dividend payout ratio (DPR) is presently 23.69%.

Several brokerages recently commented on ADS. Zacks Investment Research downgraded Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Jefferies Group LLC reissued a “buy” rating and issued a $270.00 price target on shares of Alliance Data Systems Corporation in a research note on Friday, July 14th. Argus initiated coverage on 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. BidaskClub raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, ValuEngine raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target 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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