Alliance Data Systems Corporation (NYSE:ADS) Shares Sold by HM Payson & Co.

HM Payson & Co. cut its stake in shares of Alliance Data Systems Corporation (NYSE:ADS) by 29.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,010 shares of the business services provider’s stock after selling 6,388 shares during the period. HM Payson & Co.’s holdings in Alliance Data Systems Corporation were worth $3,737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ADS. Johnson Financial Group Inc. increased its position in shares of Alliance Data Systems Corporation by 9.8% in the first quarter. Johnson Financial Group Inc. now owns 426 shares of the business services provider’s stock valued at $106,000 after buying an additional 38 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Alliance Data Systems Corporation by 68.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 462 shares of the business services provider’s stock valued at $115,000 after buying an additional 188 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Alliance Data Systems Corporation by 0.8% in the first quarter. Quadrant Capital Group LLC now owns 482 shares of the business services provider’s stock valued at $116,000 after buying an additional 4 shares during the last quarter. FNY Partners Fund LP increased its position in shares of Alliance Data Systems Corporation by 163.0% in the first quarter. FNY Partners Fund LP now owns 526 shares of the business services provider’s stock valued at $130,000 after buying an additional 326 shares during the last quarter. Finally, Invictus RG increased its position in shares of Alliance Data Systems Corporation by 189.7% in the first quarter. Invictus RG now owns 565 shares of the business services provider’s stock valued at $141,000 after buying an additional 370 shares during the last quarter. 99.09% of the stock is owned by hedge funds and other institutional investors.

Shares of Alliance Data Systems Corporation (NYSE ADS) opened at 241.05 on Friday. The stock has a market cap of $13.40 billion, a PE ratio of 27.49 and a beta of 1.77. Alliance Data Systems Corporation has a one year low of $193.67 and a one year high of $266.25. The stock’s 50 day moving average price is $253.48 and its 200-day moving average price is $244.61.

Alliance Data Systems Corporation (NYSE:ADS) last issued its earnings results on Thursday, July 20th. The business services provider reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.37. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the firm posted $3.68 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts predict that Alliance Data Systems Corporation will post $18.08 earnings per share for the current fiscal year.

Alliance Data Systems Corporation declared that its Board of Directors has authorized a stock repurchase program on Thursday, July 27th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.86%. The ex-dividend date is Thursday, August 10th. Alliance Data Systems Corporation’s payout ratio is currently 23.69%.

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Several research analysts recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $280.00 target price on shares of Alliance Data Systems Corporation in a research note on Friday. BidaskClub downgraded shares of Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Barclays PLC downgraded shares of Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $285.00 to $265.00 in a research note on Friday, July 21st. Zacks Investment Research downgraded shares of Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Finally, Argus started coverage on Alliance Data Systems Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $309.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Alliance Data Systems Corporation presently has a consensus rating of “Hold” and a consensus price target of $249.53.

About Alliance Data Systems Corporation

Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. 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.

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

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