State Treasurer State of Michigan Reduces Stake in Alliance Data Systems Corporation (ADS)

State Treasurer State of Michigan lowered its position in shares of Alliance Data Systems Corporation (NYSE:ADS) by 19.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,703 shares of the business services provider’s stock after selling 3,600 shares during the quarter. State Treasurer State of Michigan’s holdings in Alliance Data Systems Corporation were worth $3,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Green Square Capital LLC lifted its holdings in shares of 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 lifted its holdings in shares of 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. lifted its holdings in shares of 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. lifted its holdings in shares of 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 lifted its holdings in shares of 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. 96.05% of the stock is owned by institutional investors.

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A number of research analysts recently commented on the company. Argus assumed coverage on Alliance Data Systems Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $309.00 price target for the company. BidaskClub downgraded Alliance Data Systems Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $302.00 price target on shares of Alliance Data Systems Corporation in a research note on Thursday, August 3rd. Barclays PLC downgraded Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $285.00 to $265.00 in a research note on Friday, July 21st. Finally, ValuEngine raised Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Four 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 company has a consensus rating of “Hold” and an average price target of $257.00.

Alliance Data Systems Corporation (ADS) opened at 224.47 on Tuesday. Alliance Data Systems Corporation has a 52 week low of $198.06 and a 52 week high of $266.25. The firm has a market cap of $12.45 billion, a P/E ratio of 25.60 and a beta of 1.76. The firm’s 50-day moving average price is $224.68 and its 200 day moving average price is $238.66.

Alliance Data Systems Corporation (NYSE:ADS) last announced its quarterly earnings data on Thursday, October 19th. The business services provider reported $5.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.80 by $0.55. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Alliance Data Systems Corporation had a return on equity of 62.95% and a net margin of 7.09%. Alliance Data Systems Corporation’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $4.74 EPS. Equities analysts forecast that Alliance Data Systems Corporation will post $18.12 earnings per share for the current fiscal 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 issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.93%. Alliance Data Systems Corporation’s dividend payout ratio is 22.06%.

Alliance Data Systems Corporation declared that its Board of Directors has authorized a share buyback 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. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

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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