South Dakota Investment Council lowered its stake in Alliance Data Systems Co. (NYSE:ADS) by 28.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,100 shares of the business services provider’s stock after selling 8,900 shares during the quarter. South Dakota Investment Council’s holdings in Alliance Data Systems were worth $3,097,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FMR LLC raised 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 worth $590,446,000 after buying an additional 92,101 shares in the last quarter. Parnassus Investments CA boosted its stake in Alliance Data Systems by 11.8% during the 2nd quarter. Parnassus Investments CA now owns 1,409,429 shares of the business services provider’s stock valued at $197,503,000 after purchasing an additional 149,311 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Alliance Data Systems by 1.1% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 843,182 shares of the business services provider’s stock valued at $118,155,000 after purchasing an additional 8,900 shares in the last quarter. 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 period. Finally, Wedge Capital Management L L P NC increased its position in shares of Alliance Data Systems by 4.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 418,663 shares of the business services provider’s stock valued at $58,667,000 after purchasing an additional 16,134 shares during the period. 89.65% of the stock is owned by institutional investors and hedge funds.

ADS traded up $1.80 during trading on Wednesday, reaching $134.08. The company had a trading volume of 450,892 shares, compared to its average volume of 1,604,116. The firm’s 50-day simple moving average is $141.38 and its 200 day simple moving average is $152.37. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 6.22, a PEG ratio of 0.47 and a beta of 1.70. Alliance Data Systems Co. has a 12-month low of $118.40 and a 12-month high of $250.27. The company has a debt-to-equity ratio of 7.16, a quick ratio of 2.64 and a current ratio of 2.67.

Alliance Data Systems (NYSE:ADS) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $3.66 EPS for the quarter, missing analysts’ consensus estimates of $4.08 by ($0.42). Alliance Data Systems had a net margin of 13.01% and a return on equity of 46.72%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the company posted $5.01 earnings per share. Alliance Data Systems’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, sell-side analysts expect that Alliance Data Systems Co. will post 18.95 EPS for the current year.

Alliance Data Systems declared that its board has authorized a stock repurchase program on Tuesday, July 9th that permits the company to buyback $1.10 billion in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 14.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.88%. Alliance Data Systems’s dividend payout ratio is currently 11.69%.

In related news, CFO Timothy P. King sold 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $156.30, for a total value of $406,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.80% of the stock is owned by insiders.

Several analysts have recently weighed in on ADS shares. Buckingham Research restated a “neutral” rating and issued a $169.00 price objective on shares of Alliance Data Systems in a report on Monday, July 22nd. William Blair reiterated a “buy” rating on shares of Alliance Data Systems in a research report on Monday, July 15th. SunTrust Banks cut their price target on shares of Alliance Data Systems to $160.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. UBS Group upgraded shares of Alliance Data Systems from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $160.00 to $155.00 in a research report on Tuesday, September 3rd. Finally, Deutsche Bank raised shares of Alliance Data Systems from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Alliance Data Systems has an average rating of “Hold” and an average price target of $188.50.

About Alliance Data Systems

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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