ING Groep NV bought a new position in shares of Alliance Data Systems Co. (NYSE:ADS) in the third quarter, HoldingsChannel.com reports. The fund bought 5,680 shares of the business services provider’s stock, valued at approximately $1,341,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. bought a new position in Alliance Data Systems during the second quarter worth $117,000. Piedmont Investment Advisors LLC bought a new position in Alliance Data Systems during the second quarter worth $127,000. Patriot Financial Group Insurance Agency LLC bought a new position in Alliance Data Systems during the third quarter worth $190,000. First Interstate Bank raised its stake in Alliance Data Systems by 45.2% during the second quarter. First Interstate Bank now owns 864 shares of the business services provider’s stock worth $201,000 after buying an additional 269 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Alliance Data Systems during the third quarter worth $207,000. 94.55% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on ADS shares. Stephens reissued a “buy” rating and set a $288.00 target price 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 note on Friday, July 20th. Zacks Investment Research upgraded shares of Alliance Data Systems from a “hold” rating to a “buy” rating and set a $261.00 price target for the company in a report on Wednesday, July 25th. Jefferies Financial Group restated a “buy” rating and issued a $280.00 price target on shares of Alliance Data Systems in a report on Tuesday, August 7th. Finally, JPMorgan Chase & Co. upgraded shares of Alliance Data Systems from a “neutral” rating to an “overweight” rating and set a $281.00 price target for the company in a report on Tuesday, August 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $258.26.

In other news, insider Valueact Capital Master Fund, sold 675,000 shares of Alliance Data Systems stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $200.00, for a total transaction of $135,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is owned by company insiders.

NYSE:ADS opened at $198.04 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.41 and a debt-to-equity ratio of 7.32. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 0.76 and a beta of 1.71. Alliance Data Systems Co. has a 12 month low of $192.02 and a 12 month high of $278.33.

Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings results on Thursday, October 18th. The business services provider reported $6.26 EPS for the quarter, topping analysts’ consensus estimates of $6.19 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations 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 period last year, the company posted $5.35 earnings per share. As a group, research analysts anticipate that Alliance Data Systems Co. will post 21.53 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, November 14th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Tuesday, November 13th. Alliance Data Systems’s dividend payout ratio is currently 12.47%.

Alliance Data Systems declared that its Board of Directors has initiated a share repurchase plan on Monday, July 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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Alliance Data Systems 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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Want to see what other hedge funds are holding ADS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliance Data Systems Co. (NYSE:ADS).

Institutional Ownership by Quarter for Alliance Data Systems (NYSE:ADS)

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