Northern Trust Corp decreased its stake in shares of Alliance Data Systems Co. (NYSE:ADS) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 966,906 shares of the business services provider’s stock after selling 2,817 shares during the period. Northern Trust Corp owned approximately 1.89% of Alliance Data Systems worth $135,493,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Veritable L.P. lifted its stake in Alliance Data Systems by 2.5% in the second quarter. Veritable L.P. now owns 2,725 shares of the business services provider’s stock valued at $382,000 after acquiring an additional 67 shares during the last quarter. Cim Investment Mangement Inc. lifted its stake in Alliance Data Systems by 3.4% in the second quarter. Cim Investment Mangement Inc. now owns 2,123 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 70 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Alliance Data Systems by 11.1% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,000 shares of the business services provider’s stock valued at $146,000 after acquiring an additional 100 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Alliance Data Systems by 2.3% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 4,643 shares of the business services provider’s stock valued at $812,000 after acquiring an additional 103 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Alliance Data Systems by 4.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,665 shares of the business services provider’s stock valued at $466,000 after acquiring an additional 109 shares during the last quarter. 89.65% of the stock is owned by institutional investors.

NYSE:ADS traded up $0.16 during mid-day trading on Friday, reaching $134.85. 14,550 shares of the company’s stock were exchanged, compared to its average volume of 1,563,550. Alliance Data Systems Co. has a one year low of $118.40 and a one year high of $250.27. The firm has a market capitalization of $6.76 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 0.48 and a beta of 1.70. The business’s fifty day simple moving average is $140.98 and its two-hundred day simple moving average is $152.17. 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 released its quarterly earnings results 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 return on equity of 46.72% and a net margin of 13.01%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the business posted $5.01 earnings per share. Alliance Data Systems’s revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that Alliance Data Systems Co. will post 18.95 EPS for the current year.

Alliance Data Systems declared that its board has approved a stock repurchase plan on Tuesday, July 9th that permits the company to repurchase $1.10 billion in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 14.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Wednesday, September 4th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Tuesday, September 3rd. Alliance Data Systems’s dividend payout ratio is 11.69%.

In related news, CFO Timothy P. King sold 2,600 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $156.30, for a total transaction of $406,380.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.80% of the stock is currently owned by company insiders.

A number of brokerages have commented on ADS. Robert W. Baird set a $173.00 price target on shares of Alliance Data Systems and gave the company a “hold” rating in a research note on Friday, July 19th. UBS Group upgraded shares of Alliance Data Systems from a “neutral” rating to a “buy” rating and cut their price target for the company from $160.00 to $155.00 in a research note on Tuesday, September 3rd. William Blair reiterated a “buy” rating on shares of Alliance Data Systems in a research note 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 research note on Tuesday, August 20th. Finally, Buckingham Research reiterated a “neutral” rating and issued a $169.00 price target on shares of Alliance Data Systems in a research note on Monday, July 22nd. 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’s stock. The company presently has an average rating of “Hold” and a consensus target price 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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