Pictet Asset Management Ltd. Has $5.76 Million Position in Alliance Data Systems Corporation (ADS)

Pictet Asset Management Ltd. cut its position in shares of Alliance Data Systems Corporation (NYSE:ADS) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,981 shares of the business services provider’s stock after selling 1,250 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Alliance Data Systems Corporation were worth $5,756,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ADS. USS Investment Management Ltd boosted its holdings in Alliance Data Systems Corporation by 321.7% during the second quarter. USS Investment Management Ltd now owns 506,000 shares of the business services provider’s stock worth $129,926,000 after purchasing an additional 386,000 shares during the last quarter. Northern Trust Corp boosted its holdings in Alliance Data Systems Corporation by 41.3% during the second quarter. Northern Trust Corp now owns 1,308,680 shares of the business services provider’s stock worth $335,925,000 after purchasing an additional 382,814 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in Alliance Data Systems Corporation during the second quarter worth about $83,142,000. Northwestern Mutual Investment Management Company LLC boosted its holdings in Alliance Data Systems Corporation by 1,939.2% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 230,506 shares of the business services provider’s stock worth $45,161,000 after purchasing an additional 219,202 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its holdings in Alliance Data Systems Corporation by 21,963.4% during the second quarter. NN Investment Partners Holdings N.V. now owns 88,033 shares of the business services provider’s stock worth $22,597,000 after purchasing an additional 87,634 shares during the last quarter. Institutional investors and hedge funds own 96.24% of the company’s stock.

Shares of Alliance Data Systems Corporation (NYSE:ADS) opened at $225.45 on Friday. Alliance Data Systems Corporation has a 12-month low of $206.41 and a 12-month high of $266.25. The company has a debt-to-equity ratio of 9.53, a current ratio of 2.11 and a quick ratio of 2.23. The stock has a market cap of $12,591.73, a P/E ratio of 13.54, a PEG ratio of 0.99 and a beta of 1.78.

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

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

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

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Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $300.00 price target on shares of Alliance Data Systems Corporation in a 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 reaffirmed a “hold” rating on shares of Alliance Data Systems Corporation in a research report on Friday, August 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Alliance Data Systems Corporation in a research report on Friday, July 28th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $302.00 price objective on shares of Alliance Data Systems Corporation in a research report on Thursday, August 3rd. 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 stock. The stock currently has an average rating of “Hold” and a consensus price target of $257.00.

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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