Commonwealth Bank of Australia increased its position in Alliance Data Systems Co. (NYSE:ADS) by 15.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,809 shares of the business services provider’s stock after acquiring an additional 517 shares during the quarter. Commonwealth Bank of Australia’s holdings in Alliance Data Systems were worth $883,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. acquired a new position in shares of Alliance Data Systems in the first quarter valued at approximately $106,000. Piedmont Investment Advisors LLC acquired a new position in shares of Alliance Data Systems in the second quarter valued at approximately $127,000. Ledyard National Bank acquired a new position in shares of Alliance Data Systems in the second quarter valued at approximately $187,000. First Interstate Bank increased its stake in shares of Alliance Data Systems by 45.2% in the second quarter. First Interstate Bank now owns 864 shares of the business services provider’s stock valued at $201,000 after buying an additional 269 shares during the period. Finally, Smithfield Trust Co. increased its stake in shares of Alliance Data Systems by 64.0% in the first quarter. Smithfield Trust Co. now owns 989 shares of the business services provider’s stock valued at $210,000 after buying an additional 386 shares during the period. 93.53% of the stock is owned by institutional investors.

Several research firms have recently issued reports on ADS. Stephens reaffirmed a “buy” rating and issued a $288.00 price objective on shares of Alliance Data Systems in a research note on Friday, July 20th. ValuEngine raised shares of Alliance Data Systems from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 12th. Zacks Investment Research downgraded shares of Alliance Data Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Jefferies Financial Group reissued a “buy” rating and set a $280.00 target price on shares of Alliance Data Systems in a research report on Tuesday, August 7th. Finally, Oppenheimer reissued a “hold” rating on shares of Alliance Data Systems in a research report on Thursday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $263.18.

In other news, CFO Charles L. Horn sold 16,035 shares of the firm’s stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $232.58, for a total transaction of $3,729,420.30. Following the completion of the sale, the chief financial officer now owns 28,688 shares of the company’s stock, valued at approximately $6,672,255.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bryan A. Pearson sold 3,424 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $231.67, for a total transaction of $793,238.08. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

NYSE:ADS opened at $243.54 on Thursday. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 0.93 and a beta of 1.77. The company has a debt-to-equity ratio of 7.25, a current ratio of 2.14 and a quick ratio of 2.12. Alliance Data Systems Co. has a fifty-two week low of $192.02 and a fifty-two week high of $278.33.

Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings data on Thursday, July 19th. The business services provider reported $5.01 EPS for the quarter, topping the consensus estimate of $4.64 by $0.37. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. Alliance Data Systems had a net margin of 11.35% and a return on equity of 59.18%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.84 EPS. sell-side analysts expect that Alliance Data Systems Co. will post 21.6 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Tuesday, August 14th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Monday, August 13th. Alliance Data Systems’s dividend payout ratio (DPR) is 12.47%.

Alliance Data Systems announced that its Board of Directors has approved a stock repurchase program on Monday, July 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the business services provider to buy up to 4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Alliance Data Systems Company Profile

Alliance Data Systems Corporation provides data-driven marketing and loyalty solutions worldwide. It operates through three segments: LoyaltyOne, Epsilon, and Card Services. 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 (NYSE:ADS)

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