Andra AP fonden Sells 2,800 Shares of Alliance Data Systems Co. (ADS)

Andra AP fonden lessened its holdings in Alliance Data Systems Co. (NYSE:ADS) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,100 shares of the business services provider’s stock after selling 2,800 shares during the period. Andra AP fonden’s holdings in Alliance Data Systems were worth $4,921,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ADS. Victory Capital Management Inc. lifted its stake in shares of Alliance Data Systems by 31.5% in the 1st quarter. Victory Capital Management Inc. now owns 10,616 shares of the business services provider’s stock worth $2,260,000 after purchasing an additional 2,545 shares during the period. BlackRock Inc. lifted its stake in shares of Alliance Data Systems by 1.8% in the 1st quarter. BlackRock Inc. now owns 3,115,441 shares of the business services provider’s stock worth $663,153,000 after purchasing an additional 55,274 shares during the period. Toronto Dominion Bank lifted its stake in shares of Alliance Data Systems by 25.4% in the 1st quarter. Toronto Dominion Bank now owns 26,108 shares of the business services provider’s stock worth $5,556,000 after purchasing an additional 5,293 shares during the period. Natixis Advisors L.P. lifted its stake in shares of Alliance Data Systems by 27.8% in the 1st quarter. Natixis Advisors L.P. now owns 31,304 shares of the business services provider’s stock worth $6,663,000 after purchasing an additional 6,813 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Alliance Data Systems by 188.6% in the 1st quarter. JPMorgan Chase & Co. now owns 969,957 shares of the business services provider’s stock worth $206,465,000 after purchasing an additional 633,865 shares during the period. Hedge funds and other institutional investors own 93.34% of the company’s stock.

Shares of ADS opened at $243.07 on Wednesday. The company has a quick ratio of 2.12, a current ratio of 2.14 and a debt-to-equity ratio of 7.25. Alliance Data Systems Co. has a 1 year low of $192.02 and a 1 year high of $278.33. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 0.93 and a beta of 1.77.

Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings data on Thursday, July 19th. The business services provider reported $5.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.64 by $0.37. Alliance Data Systems had a net margin of 11.35% and a return on equity of 59.18%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the firm posted $3.84 EPS. The company’s revenue was up 8.1% on a year-over-year basis. analysts forecast that Alliance Data Systems Co. will post 21.6 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 19th. Shareholders of record on Tuesday, August 14th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Monday, August 13th. Alliance Data Systems’s dividend payout ratio (DPR) is currently 12.47%.

In other Alliance Data Systems news, EVP Bryan A. Pearson sold 3,424 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $231.67, for a total transaction of $793,238.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Charles L. Horn sold 16,035 shares of the stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $232.58, for a total transaction of $3,729,420.30. Following the sale, the chief financial officer now directly owns 28,688 shares of the company’s stock, valued at $6,672,255.04. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

ADS has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Alliance Data Systems from a “hold” rating to a “buy” rating and set a $261.00 price objective on the stock in a research note on Wednesday, July 25th. Stephens reiterated a “buy” rating and issued a $288.00 price objective on shares of Alliance Data Systems in a research note on Friday, July 20th. Jefferies Financial Group restated a “buy” rating and set a $280.00 target price on shares of Alliance Data Systems in a research note on Tuesday, August 7th. Bank of America started coverage on shares of Alliance Data Systems in a research note on Monday, September 17th. They set a “buy” rating and a $290.00 target price on the stock. Finally, Deutsche Bank set a $253.00 target price on shares of Alliance Data Systems and gave the stock a “buy” rating in a research note on Thursday, September 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $264.05.

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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