Alliance Data Systems Corporation (NYSE:ADS) Position Reduced by Korea Investment CORP

Korea Investment CORP decreased its stake in shares of Alliance Data Systems Corporation (NYSE:ADS) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,588 shares of the business services provider’s stock after selling 937 shares during the period. Korea Investment CORP’s holdings in Alliance Data Systems Corporation were worth $5,285,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in ADS. Quadrant Capital Group LLC increased its stake 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 period. Suntrust Banks Inc. increased its stake in shares of Alliance Data Systems Corporation by 0.5% in the first quarter. Suntrust Banks Inc. now owns 2,203 shares of the business services provider’s stock valued at $547,000 after buying an additional 12 shares during the period. Fernwood Investment Management LLC increased its stake in shares of Alliance Data Systems Corporation by 0.3% in the first quarter. Fernwood Investment Management LLC now owns 4,580 shares of the business services provider’s stock valued at $1,140,000 after buying an additional 15 shares during the period. Cardinal Capital Management increased its stake in shares of Alliance Data Systems Corporation by 1.4% in the first quarter. Cardinal Capital Management now owns 1,896 shares of the business services provider’s stock valued at $472,000 after buying an additional 26 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Alliance Data Systems Corporation by 5.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 488 shares of the business services provider’s stock valued at $125,000 after buying an additional 26 shares during the period. 98.78% of the stock is currently owned by institutional investors.

Shares of Alliance Data Systems Corporation (NYSE ADS) opened at 222.64 on Friday. The company has a 50-day moving average of $248.86 and a 200-day moving average of $244.71. The company has a market capitalization of $12.35 billion, a PE ratio of 25.39 and a beta of 1.76. Alliance Data Systems Corporation has a one year low of $193.67 and a one year high of $266.25.

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

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

The company 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 $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, August 10th. Alliance Data Systems Corporation’s dividend payout ratio (DPR) is presently 23.69%.

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Several brokerages have issued reports on ADS. Zacks Investment Research raised 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. ValuEngine raised shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Argus began coverage on shares of Alliance Data Systems Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $309.00 target price on the stock. Wedbush reissued a “neutral” rating and set a $252.00 target price (up from $225.00) on shares of Alliance Data Systems Corporation in a research note on Tuesday, June 6th. Finally, TheStreet raised shares of Alliance Data Systems Corporation from a “c” rating to a “b” rating in a research note on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $255.97.

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.

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

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