Franklin Resources Inc. Has $27.95 Million Position in Alliance Data Systems Corporation (ADS)

Franklin Resources Inc. trimmed its position in shares of Alliance Data Systems Corporation (NYSE:ADS) by 7.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,888 shares of the business services provider’s stock after selling 8,243 shares during the period. Franklin Resources Inc. owned about 0.20% of Alliance Data Systems Corporation worth $27,950,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ADS. Johnson Financial Group Inc. grew its stake in Alliance Data Systems Corporation by 9.8% in the 1st quarter. Johnson Financial Group Inc. now owns 426 shares of the business services provider’s stock worth $106,000 after acquiring an additional 38 shares in the last quarter. Fiduciary Trust Co. bought a new position in Alliance Data Systems Corporation in the 2nd quarter worth about $108,000. Benjamin F. Edwards & Company Inc. grew its stake in Alliance Data Systems Corporation by 5.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 488 shares of the business services provider’s stock worth $125,000 after acquiring an additional 26 shares in the last quarter. FNY Partners Fund LP grew its stake in Alliance Data Systems Corporation by 163.0% in the 1st quarter. FNY Partners Fund LP now owns 526 shares of the business services provider’s stock worth $130,000 after acquiring an additional 326 shares in the last quarter. Finally, Invictus RG grew its stake in Alliance Data Systems Corporation by 189.7% in the 1st quarter. Invictus RG now owns 565 shares of the business services provider’s stock worth $141,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 96.04% of the company’s stock.

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A number of equities analysts have commented on ADS shares. ValuEngine upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating and set a $288.00 target price on the stock in a research note on Tuesday, June 20th. Argus started coverage on shares of Alliance Data Systems Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $309.00 target price on the stock. Deutsche Bank AG restated a “buy” rating and issued a $278.00 target price on shares of Alliance Data Systems Corporation in a research note on Monday, July 10th. Finally, BidaskClub upgraded shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. Alliance Data Systems Corporation currently has an average rating of “Hold” and a consensus price target of $255.47.

Alliance Data Systems Corporation (ADS) opened at 217.09 on Tuesday. Alliance Data Systems Corporation has a 12-month low of $197.69 and a 12-month high of $266.25. The firm has a 50 day moving average of $225.51 and a 200-day moving average of $242.94. The stock has a market cap of $12.04 billion, a PE ratio of 24.75 and a beta of 1.76.

Alliance Data Systems Corporation (NYSE:ADS) last issued its quarterly earnings data 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. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.85 billion. Alliance Data Systems Corporation had a net margin of 6.77% and a return on equity of 59.67%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.68 EPS. On average, analysts expect that Alliance Data Systems Corporation will post $18.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 14th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, August 10th. This represents a $2.08 annualized dividend and a dividend yield of 0.96%. Alliance Data Systems Corporation’s dividend payout ratio is presently 23.69%.

Alliance Data Systems Corporation announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 27th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Alliance Data Systems Corporation Profile

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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