Pillar Pacific Capital Management LLC Boosts Holdings in Alliance Data Systems Corporation (ADS)

Pillar Pacific Capital Management LLC boosted its stake in Alliance Data Systems Corporation (NYSE:ADS) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,495 shares of the business services provider’s stock after purchasing an additional 452 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Alliance Data Systems Corporation were worth $3,877,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fiduciary Trust Co. acquired a new stake in Alliance Data Systems Corporation in the second quarter worth $108,000. Benjamin F. Edwards & Company Inc. grew its holdings in Alliance Data Systems Corporation by 5.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 488 shares of the business services provider’s stock worth $125,000 after purchasing an additional 26 shares during the period. ETF Managers Group LLC acquired a new stake in Alliance Data Systems Corporation in the second quarter worth $128,000. Oppenheimer Asset Management Inc. acquired a new stake in Alliance Data Systems Corporation in the first quarter worth $141,000. Finally, Acadian Asset Management LLC grew its holdings in Alliance Data Systems Corporation by 11,600.0% in the second quarter. Acadian Asset Management LLC now owns 585 shares of the business services provider’s stock worth $150,000 after purchasing an additional 580 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Alliance Data Systems Corporation (NYSE:ADS) last posted its earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.80 by $0.55. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Alliance Data Systems Corporation had a net margin of 7.09% and a return on equity of 62.95%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.74 EPS.

Alliance Data Systems Corporation declared that its Board of Directors has authorized a stock buyback program on Thursday, July 27th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.93%. The ex-dividend date is Monday, November 13th. Alliance Data Systems Corporation’s dividend payout ratio is currently 22.06%.

A number of research firms have commented on ADS. Keefe, Bruyette & Woods restated a “buy” rating and issued a $300.00 price target on shares of Alliance Data Systems Corporation in a report on Friday, October 6th. Zacks Investment Research cut shares of Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 14th. KeyCorp restated a “hold” rating on shares of Alliance Data Systems Corporation in a report on Friday, August 25th. Royal Bank Of Canada restated a “buy” rating and issued a $280.00 price target on shares of Alliance Data Systems Corporation in a report on Friday, July 28th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $302.00 price target on shares of Alliance Data Systems Corporation in a report on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. Alliance Data Systems Corporation presently has an average rating of “Hold” and an average price target of $257.00.

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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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