Alliance Data Systems Corporation (ADS) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in shares of Alliance Data Systems Corporation (NYSE:ADS) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,207 shares of the business services provider’s stock after selling 499 shares during the period. Sei Investments Co.’s holdings in Alliance Data Systems Corporation were worth $4,931,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. ValueAct Holdings L.P. raised its stake 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 valued at $1,463,473,000 after buying an additional 630,900 shares during the period. Vanguard Group Inc. raised its stake 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 valued at $1,322,018,000 after buying an additional 95,494 shares during the period. BlackRock Inc. raised its stake 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 valued at $830,376,000 after buying an additional 3,230,733 shares during the period. Wellington Management Group LLP raised its stake 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 valued at $792,658,000 after buying an additional 86,754 shares during the period. Finally, Edgewood Management LLC raised its stake 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 valued at $677,627,000 after buying an additional 109,521 shares during the period. 98.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alliance Data Systems Corporation (NYSE:ADS) opened at 223.02 on Friday. The stock’s 50 day moving average price is $244.74 and its 200-day moving average price is $244.74. Alliance Data Systems Corporation has a 52 week low of $193.67 and a 52 week high of $266.25. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 25.43 and a beta of 1.76.

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 the consensus estimate of $3.47 by $0.37. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.85 billion. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.68 EPS. Equities analysts predict that Alliance Data Systems Corporation will post $18.06 earnings per share for the current year.

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

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 outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

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Several analysts recently weighed in on ADS shares. Argus started coverage on Alliance Data Systems Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $309.00 price objective on the stock. Compass Point raised Alliance Data Systems Corporation from a “sell” rating to a “neutral” rating and raised their price objective for the company from $190.00 to $200.00 in a research note on Thursday, May 25th. Barclays PLC lowered Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $285.00 to $265.00 in a research note on Friday, July 21st. BidaskClub raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, ValuEngine raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Three investment 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 has a consensus rating of “Hold” and an average target price of $252.31.

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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