Alliance Data Systems Corporation (ADS) Holdings Trimmed by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lessened its stake in shares of Alliance Data Systems Corporation (NYSE:ADS) by 4.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 336,375 shares of the business services provider’s stock after selling 17,185 shares during the quarter. Westwood Holdings Group Inc. owned about 0.61% of Alliance Data Systems Corporation worth $86,226,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. TimesSquare Capital Management LLC grew its holdings in Alliance Data Systems Corporation by 2.9% during the 2nd quarter. TimesSquare Capital Management LLC now owns 676,889 shares of the business services provider’s stock valued at $173,751,000 after buying an additional 18,922 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Alliance Data Systems Corporation by 0.8% during the 1st quarter. Principal Financial Group Inc. now owns 89,131 shares of the business services provider’s stock valued at $22,194,000 after buying an additional 673 shares in the last quarter. RMB Capital Management LLC grew its holdings in Alliance Data Systems Corporation by 11.9% during the 1st quarter. RMB Capital Management LLC now owns 104,705 shares of the business services provider’s stock valued at $26,071,000 after buying an additional 11,105 shares in the last quarter. ValueAct Holdings L.P. grew its holdings in Alliance Data Systems Corporation by 12.0% during the 1st 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 in the last quarter. Finally, Prudential Financial Inc. grew its holdings in Alliance Data Systems Corporation by 1.1% during the 2nd quarter. Prudential Financial Inc. now owns 81,417 shares of the business services provider’s stock valued at $20,899,000 after buying an additional 875 shares in the last quarter. 96.04% of the stock is owned by institutional investors and hedge funds.

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Alliance Data Systems Corporation (NYSE ADS) traded down 0.98% during mid-day trading on Wednesday, reaching $224.37. The company had a trading volume of 147,572 shares. The company has a market capitalization of $12.45 billion, a PE ratio of 25.53 and a beta of 1.75. Alliance Data Systems Corporation has a 1-year low of $197.69 and a 1-year high of $266.25. The firm has a 50-day moving average of $220.99 and a 200 day moving average of $240.19.

Alliance Data Systems Corporation (NYSE:ADS) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.37. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Alliance Data Systems Corporation had a return on equity of 59.67% and a net margin of 6.77%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.68 EPS. On average, analysts predict that Alliance Data Systems Corporation will post $18.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, August 10th. Alliance Data Systems Corporation’s dividend payout ratio is presently 23.69%.

Alliance Data Systems Corporation declared that its board has authorized 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 buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

A number of research firms have weighed in on ADS. Argus began coverage on Alliance Data Systems Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $309.00 target price for the company. ValuEngine raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $302.00 target price on shares of Alliance Data Systems Corporation in a report on Thursday, August 3rd. Barclays PLC lowered Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $285.00 to $265.00 in a report on Friday, July 21st. Finally, BidaskClub lowered Alliance Data Systems Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $252.33.

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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