Alliance Data Systems Corporation (ADS) Stake Lessened by Aberdeen Asset Management PLC UK

Aberdeen Asset Management PLC UK cut its holdings in shares of Alliance Data Systems Corporation (NYSE:ADS) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,016 shares of the business services provider’s stock after selling 5,778 shares during the period. Aberdeen Asset Management PLC UK owned 0.25% of Alliance Data Systems Corporation worth $35,428,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Alliance Data Systems Corporation by 0.8% during the first quarter. Principal Financial Group Inc. now owns 89,131 shares of the business services provider’s stock worth $22,194,000 after purchasing an additional 673 shares in the last quarter. RMB Capital Management LLC increased its position in shares of Alliance Data Systems Corporation by 11.9% during the first quarter. RMB Capital Management LLC now owns 104,705 shares of the business services provider’s stock worth $26,071,000 after purchasing an additional 11,105 shares in the last quarter. ValueAct Holdings L.P. increased its position in shares of Alliance Data Systems Corporation by 12.0% during the first quarter. ValueAct Holdings L.P. now owns 5,877,400 shares of the business services provider’s stock worth $1,463,473,000 after purchasing an additional 630,900 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Alliance Data Systems Corporation during the first quarter worth $698,000. Finally, TimesSquare Capital Management LLC increased its position in shares of Alliance Data Systems Corporation by 2.9% during the second quarter. TimesSquare Capital Management LLC now owns 676,889 shares of the business services provider’s stock worth $173,751,000 after purchasing an additional 18,922 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities analysts have recently issued reports on the company. Oppenheimer Holdings, Inc. set a $191.00 price target on Alliance Data Systems Corporation and gave the stock a “sell” rating in a research report on Thursday, August 24th. KeyCorp reaffirmed a “hold” rating on shares of Alliance Data Systems Corporation in a research report on Friday, August 25th. ValuEngine downgraded Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, Argus reaffirmed a “buy” rating and set a $290.00 price target (down from $309.00) on shares of Alliance Data Systems Corporation in a research report on Sunday, July 30th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $255.47.

Shares of Alliance Data Systems Corporation (NYSE ADS) opened at 214.32 on Friday. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 24.44 and a beta of 1.76. The firm has a 50-day moving average of $229.05 and a 200 day moving average of $243.99. Alliance Data Systems Corporation has a 12-month low of $197.69 and a 12-month high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.37. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.85 billion. Alliance Data Systems Corporation had a net margin of 6.77% and a return on equity of 59.67%. Alliance Data Systems Corporation’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.68 earnings per share. Equities analysts forecast that Alliance Data Systems Corporation will post $18.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a yield of 0.97%. Alliance Data Systems Corporation’s dividend payout ratio is presently 23.69%.

Alliance Data Systems Corporation declared that its board has approved a share repurchase plan on Thursday, July 27th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Alliance Data Systems Corporation Company 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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