State Treasurer State of Michigan Sells 100 Shares of Alliance Data Systems Corporation (ADS)

State Treasurer State of Michigan cut its position in shares of Alliance Data Systems Corporation (NYSE:ADS) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,303 shares of the business services provider’s stock after selling 100 shares during the period. State Treasurer State of Michigan’s holdings in Alliance Data Systems Corporation were worth $4,698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. RMB Capital Management LLC raised its position in Alliance Data Systems Corporation by 8.7% in the fourth quarter. RMB Capital Management LLC now owns 93,600 shares of the business services provider’s stock worth $21,388,000 after buying an additional 7,490 shares in the last quarter. Kentucky Retirement Systems acquired a new position in Alliance Data Systems Corporation during the fourth quarter worth approximately $958,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Alliance Data Systems Corporation during the fourth quarter worth approximately $427,000. Chevy Chase Trust Holdings Inc. raised its position in shares of Alliance Data Systems Corporation by 0.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 49,134 shares of the business services provider’s stock worth $12,234,000 after buying an additional 148 shares during the period. Finally, Hills Bank & Trust Co. raised its position in shares of Alliance Data Systems Corporation by 6.0% in the first quarter. Hills Bank & Trust Co. now owns 4,959 shares of the business services provider’s stock worth $1,235,000 after buying an additional 279 shares during the period. Institutional investors own 98.78% of the company’s stock.

Alliance Data Systems Corporation (NYSE ADS) traded up 0.19% during midday trading on Friday, hitting $222.64. 548,404 shares of the stock traded hands. The company has a 50-day moving average price of $248.86 and a 200-day moving average price of $244.71. Alliance Data Systems Corporation has a 1-year low of $193.67 and a 1-year high of $266.25. The firm has a market cap of $12.35 billion, a P/E ratio of 25.39 and a beta of 1.76.

Alliance Data Systems Corporation (NYSE:ADS) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $3.84 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm posted $3.68 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts predict that Alliance Data Systems Corporation will post $18.06 EPS for the current year.

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

The company also recently declared 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 is Thursday, August 10th. Alliance Data Systems Corporation’s dividend payout ratio is 23.69%.

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A number of research analysts have recently issued reports on the stock. Deutsche Bank AG set a $278.00 price target on shares of Alliance Data Systems Corporation and gave the stock a “buy” rating in a research note on Monday, May 1st. Zacks Investment Research lowered shares of Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Cowen and Company reiterated an “outperform” rating and set a $255.00 price target on shares of Alliance Data Systems Corporation in a research note on Wednesday, April 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $280.00 price target on shares of Alliance Data Systems Corporation in a research note on Friday, July 28th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $302.00 price objective on shares of Alliance Data Systems Corporation in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $255.97.

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.

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

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