USS Investment Management Ltd boosted its position in shares of Alliance Data Systems Corporation (NYSE:ADS) by 321.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 506,000 shares of the business services provider’s stock after buying an additional 386,000 shares during the period. Alliance Data Systems Corporation accounts for about 1.2% of USS Investment Management Ltd’s portfolio, making the stock its 19th largest position. USS Investment Management Ltd owned 0.91% of Alliance Data Systems Corporation worth $129,926,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ValueAct Holdings L.P. raised its position in Alliance Data Systems Corporation by 12.0% in 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 buying an additional 630,900 shares during the last quarter. Vanguard Group Inc. raised its position in Alliance Data Systems Corporation by 1.8% in the first quarter. Vanguard Group Inc. now owns 5,309,305 shares of the business services provider’s stock worth $1,322,018,000 after buying an additional 95,494 shares during the last quarter. BlackRock Inc. raised its position in Alliance Data Systems Corporation by 3,103.0% in the first quarter. BlackRock Inc. now owns 3,334,850 shares of the business services provider’s stock worth $830,376,000 after buying an additional 3,230,733 shares during the last quarter. Wellington Management Group LLP raised its position in Alliance Data Systems Corporation by 2.8% in the first quarter. Wellington Management Group LLP now owns 3,183,364 shares of the business services provider’s stock worth $792,658,000 after buying an additional 86,754 shares during the last quarter. Finally, Edgewood Management LLC raised its position in Alliance Data Systems Corporation by 4.2% in the first quarter. Edgewood Management LLC now owns 2,721,392 shares of the business services provider’s stock worth $677,627,000 after buying an additional 109,521 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors.
Shares of Alliance Data Systems Corporation (NYSE:ADS) traded down 0.39% on Friday, hitting $222.02. 394,664 shares of the company traded hands. Alliance Data Systems Corporation has a 1-year low of $197.51 and a 1-year high of $266.25. The firm has a market capitalization of $12.32 billion, a P/E ratio of 25.32 and a beta of 1.76. The firm’s 50-day moving average is $239.17 and its 200 day moving average is $244.47.
Alliance Data Systems Corporation (NYSE:ADS) last issued its earnings results 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. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the company earned $3.68 EPS. The business’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 fiscal year.
The firm also recently announced 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. This represents a $2.08 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, August 10th. Alliance Data Systems Corporation’s dividend payout ratio (DPR) is presently 23.69%.
Alliance Data Systems Corporation declared that its board has approved a stock repurchase program on Thursday, July 27th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
A number of research analysts recently weighed in on ADS shares. Argus started coverage on shares of Alliance Data Systems Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $309.00 price target on the stock. Compass Point raised shares of Alliance Data Systems Corporation from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $190.00 to $200.00 in a research report on Thursday, May 25th. Barclays PLC lowered shares of Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $285.00 to $265.00 in a research report on Friday, July 21st. BidaskClub raised shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, ValuEngine raised shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. Alliance Data Systems Corporation has a consensus rating of “Hold” and a consensus target price of $252.69.
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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