Redmond Asset Management LLC decreased its position in Alliance Data Systems Co. (NYSE:ADS) by 4.0% during the second quarter, HoldingsChannel.com reports. The fund owned 6,340 shares of the business services provider’s stock after selling 265 shares during the quarter. Redmond Asset Management LLC’s holdings in Alliance Data Systems were worth $888,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ADS. Equity Investment Corp bought a new stake in Alliance Data Systems in the 1st quarter worth approximately $64,243,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Alliance Data Systems by 47.7% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 834,282 shares of the business services provider’s stock valued at $145,983,000 after purchasing an additional 269,600 shares during the last quarter. FMR LLC increased its position in shares of Alliance Data Systems by 2.8% during the 1st quarter. FMR LLC now owns 3,374,365 shares of the business services provider’s stock valued at $590,446,000 after purchasing an additional 92,101 shares during the last quarter. Muhlenkamp & Co. Inc. bought a new position in shares of Alliance Data Systems during the 1st quarter valued at approximately $12,052,000. Finally, Geode Capital Management LLC increased its position in shares of Alliance Data Systems by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 671,141 shares of the business services provider’s stock valued at $100,563,000 after purchasing an additional 59,750 shares during the last quarter. 91.96% of the stock is currently owned by institutional investors and hedge funds.

In other Alliance Data Systems news, CFO Timothy P. King sold 2,600 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $156.30, for a total value of $406,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is currently owned by corporate insiders.

Several equities analysts have recently weighed in on ADS shares. Stephens raised Alliance Data Systems from an “underweight” rating to an “equal weight” rating and set a $160.00 target price on the stock in a research report on Monday, April 29th. Buckingham Research reissued a “neutral” rating and set a $169.00 target price on shares of Alliance Data Systems in a research report on Monday, July 22nd. BMO Capital Markets cut their target price on Alliance Data Systems from $183.00 to $173.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. They noted that the move was a valuation call. Zacks Investment Research downgraded Alliance Data Systems from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Finally, Oppenheimer reissued a “hold” rating on shares of Alliance Data Systems in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $197.90.

Alliance Data Systems stock traded up $3.38 during mid-day trading on Thursday, hitting $153.49. The company’s stock had a trading volume of 56,725 shares, compared to its average volume of 979,983. The company has a 50 day simple moving average of $150.76. The company has a market capitalization of $7.67 billion, a PE ratio of 7.12, a PEG ratio of 0.55 and a beta of 1.63. The company has a current ratio of 2.67, a quick ratio of 2.64 and a debt-to-equity ratio of 7.16. Alliance Data Systems Co. has a one year low of $133.56 and a one year high of $250.27.

Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings data on Thursday, July 18th. The business services provider reported $3.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.08 by ($0.42). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Alliance Data Systems had a net margin of 13.01% and a return on equity of 46.72%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $5.01 EPS. Analysts expect that Alliance Data Systems Co. will post 18.92 earnings per share for the current fiscal year.

Alliance Data Systems announced that its Board of Directors has authorized a stock buyback program on Tuesday, July 9th that permits the company to repurchase $1.10 billion in shares. This repurchase authorization permits the business services provider to purchase up to 14.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Wednesday, September 4th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Tuesday, September 3rd. Alliance Data Systems’s dividend payout ratio is 11.69%.

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

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