ARP Americas LP bought a new position in Alliance Data Systems Co. (NYSE:ADS) in the third quarter, HoldingsChannel reports. The fund bought 1,600 shares of the business services provider’s stock, valued at approximately $378,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. ValueAct Holdings L.P. lifted its position in Alliance Data Systems by 3.5% in the 2nd quarter. ValueAct Holdings L.P. now owns 6,082,646 shares of the business services provider’s stock worth $1,418,473,000 after buying an additional 205,246 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Alliance Data Systems by 1.6% during the 2nd quarter. BlackRock Inc. now owns 3,164,367 shares of the business services provider’s stock valued at $737,931,000 after purchasing an additional 48,926 shares in the last quarter. FMR LLC raised its holdings in shares of Alliance Data Systems by 45.3% during the 2nd quarter. FMR LLC now owns 2,595,591 shares of the business services provider’s stock valued at $605,293,000 after purchasing an additional 809,427 shares in the last quarter. Parnassus Investments CA raised its holdings in shares of Alliance Data Systems by 42.3% during the 2nd quarter. Parnassus Investments CA now owns 1,245,000 shares of the business services provider’s stock valued at $290,334,000 after purchasing an additional 370,000 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Alliance Data Systems by 33.3% during the 2nd quarter. Bank of Montreal Can now owns 768,119 shares of the business services provider’s stock valued at $179,126,000 after purchasing an additional 192,056 shares in the last quarter. Institutional investors own 93.69% of the company’s stock.

A number of research firms have recently weighed in on ADS. Wells Fargo & Co cut their price target on shares of Alliance Data Systems from $295.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 19th. Wolfe Research began coverage on shares of Alliance Data Systems in a report on Tuesday, July 17th. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Alliance Data Systems from a “hold” rating to a “buy” rating and set a $261.00 price target on the stock in a report on Wednesday, July 25th. JPMorgan Chase & Co. restated a “hold” rating on shares of Alliance Data Systems in a report on Wednesday, July 18th. Finally, Bank of America began coverage on shares of Alliance Data Systems in a report on Monday, September 17th. They set a “buy” rating and a $290.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. Alliance Data Systems presently has a consensus rating of “Buy” and a consensus target price of $262.74.

In related news, EVP Bryan A. Pearson sold 3,424 shares of Alliance Data Systems stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $231.67, for a total value of $793,238.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.

Shares of ADS opened at $199.05 on Monday. The firm has a market capitalization of $10.94 billion, a P/E ratio of 10.89, a PEG ratio of 0.76 and a beta of 1.76. Alliance Data Systems Co. has a one year low of $192.02 and a one year high of $278.33. The company has a current ratio of 1.10, a quick ratio of 2.12 and a debt-to-equity ratio of 2.53.

Alliance Data Systems (NYSE:ADS) last announced its earnings results on Thursday, October 18th. The business services provider reported $6.26 EPS for the quarter, topping the consensus estimate of $6.19 by $0.07. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.03 billion. Alliance Data Systems had a net margin of 12.11% and a return on equity of 56.33%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $5.35 EPS. On average, research analysts expect that Alliance Data Systems Co. will post 21.53 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, November 14th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $2.28 annualized dividend and a yield of 1.15%. Alliance Data Systems’s dividend payout ratio (DPR) is presently 12.47%.

Alliance Data Systems declared that its Board of Directors has approved a stock repurchase program on Monday, July 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors 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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