Alliance Data Systems Corporation (ADS) Shares Sold by HM Payson & Co.

HM Payson & Co. cut its stake in shares of Alliance Data Systems Corporation (NYSE:ADS) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,116 shares of the business services provider’s stock after selling 1,443 shares during the quarter. HM Payson & Co.’s holdings in Alliance Data Systems Corporation were worth $2,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Sei Investments Co. lifted its position in Alliance Data Systems Corporation by 44.1% during the third quarter. Sei Investments Co. now owns 27,678 shares of the business services provider’s stock valued at $1,837,000 after purchasing an additional 8,471 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Alliance Data Systems Corporation by 198.2% during the third quarter. BNP Paribas Arbitrage SA now owns 91,551 shares of the business services provider’s stock valued at $20,283,000 after purchasing an additional 60,848 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in Alliance Data Systems Corporation by 24.5% during the third quarter. GHP Investment Advisors Inc. now owns 1,832 shares of the business services provider’s stock valued at $406,000 after purchasing an additional 361 shares during the last quarter. Swiss National Bank lifted its position in Alliance Data Systems Corporation by 0.3% during the third quarter. Swiss National Bank now owns 184,398 shares of the business services provider’s stock valued at $40,853,000 after purchasing an additional 600 shares during the last quarter. Finally, Bank of Hawaii lifted its position in Alliance Data Systems Corporation by 6.0% during the third quarter. Bank of Hawaii now owns 4,247 shares of the business services provider’s stock valued at $941,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds own 96.24% of the company’s stock.

Several brokerages have issued reports on ADS. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $300.00 target price on shares of Alliance Data Systems Corporation in a research report on Friday, October 6th. Zacks Investment Research lowered shares of Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. KeyCorp reiterated a “hold” rating on shares of Alliance Data Systems Corporation in a research report on Friday, August 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $280.00 target price on shares of Alliance Data Systems Corporation in a research report on Friday, July 28th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $302.00 price target on shares of Alliance Data Systems Corporation in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $257.00.

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Alliance Data Systems Corporation (ADS) traded down $2.46 during trading hours on Friday, reaching $225.45. 342,900 shares of the company traded hands, compared to its average volume of 600,403. The company has a market capitalization of $12,591.73, a PE ratio of 13.54, a P/E/G ratio of 0.99 and a beta of 1.78. Alliance Data Systems Corporation has a twelve month low of $206.41 and a twelve month high of $266.25. The company has a current ratio of 2.11, a quick ratio of 2.23 and a debt-to-equity ratio of 9.53.

Alliance Data Systems Corporation (NYSE:ADS) last released its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $4.80 by $0.55. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Alliance Data Systems Corporation had a net margin of 7.09% and a return on equity of 62.95%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.74 earnings per share. analysts predict that Alliance Data Systems Corporation will post 17.12 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 14th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, November 13th. Alliance Data Systems Corporation’s dividend payout ratio (DPR) is currently 22.06%.

About Alliance Data Systems Corporation

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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