Alliance Data Systems Corporation (ADS) Receives “Buy” Rating from SunTrust Banks, Inc.

SunTrust Banks, Inc. restated their buy rating on shares of Alliance Data Systems Corporation (NYSE:ADS) in a research report released on Friday. They currently have a $310.00 price target on the business services provider’s stock.

ADS has been the topic of a number of other reports. Keefe, Bruyette & Woods restated a buy rating and issued a $300.00 price objective on shares of Alliance Data Systems Corporation in a research note 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 note on Friday, July 14th. KeyCorp restated a hold rating on shares of Alliance Data Systems Corporation in a research note on Friday, August 25th. Royal Bank Of Canada restated a buy rating and issued a $280.00 price objective on shares of Alliance Data Systems Corporation in a research note on Friday, July 28th. Finally, Piper Jaffray Companies restated a buy rating and issued a $302.00 price objective on shares of Alliance Data Systems Corporation in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. Alliance Data Systems Corporation currently has a consensus rating of Hold and a consensus price target of $257.00.

Shares of Alliance Data Systems Corporation (NYSE ADS) traded up 2.82% during trading on Friday, reaching $239.37. 900,838 shares of the company were exchanged. The firm has a 50-day moving average price of $222.29 and a 200-day moving average price of $239.26. The stock has a market capitalization of $13.28 billion, a P/E ratio of 27.29 and a beta of 1.75. Alliance Data Systems Corporation has a 1-year low of $198.06 and a 1-year high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last posted its quarterly earnings data on Thursday, October 19th. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates 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%. Alliance Data Systems Corporation’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $4.74 earnings per share. Equities research analysts predict that Alliance Data Systems Corporation will post $18.09 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 14th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Monday, November 13th. Alliance Data Systems Corporation’s dividend payout ratio is currently 22.06%.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Green Square Capital LLC boosted its holdings in Alliance Data Systems Corporation by 0.3% during the second quarter. Green Square Capital LLC now owns 3,054 shares of the business services provider’s stock worth $784,000 after buying an additional 8 shares in the last quarter. Citizens Financial Group Inc RI boosted its holdings in Alliance Data Systems Corporation by 2.2% during the second quarter. Citizens Financial Group Inc RI now owns 909 shares of the business services provider’s stock worth $233,000 after buying an additional 20 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Alliance Data Systems Corporation by 5.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 488 shares of the business services provider’s stock worth $125,000 after buying an additional 26 shares in the last quarter. Suntrust Banks Inc. boosted its holdings in Alliance Data Systems Corporation by 1.7% during the second quarter. Suntrust Banks Inc. now owns 2,240 shares of the business services provider’s stock worth $574,000 after buying an additional 37 shares in the last quarter. Finally, Advisor Partners LLC boosted its holdings in Alliance Data Systems Corporation by 3.5% during the second quarter. Advisor Partners LLC now owns 1,364 shares of the business services provider’s stock worth $350,000 after buying an additional 46 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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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