Korea Investment CORP Has $4.69 Million Stake in Alliance Data Systems Corporation (ADS)

Korea Investment CORP raised its holdings in Alliance Data Systems Corporation (NYSE:ADS) by 2.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,188 shares of the business services provider’s stock after buying an additional 600 shares during the quarter. Korea Investment CORP’s holdings in Alliance Data Systems Corporation were worth $4,694,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fiduciary Trust Co. acquired a new stake in shares of Alliance Data Systems Corporation during the second quarter worth $108,000. Benjamin F. Edwards & Company Inc. lifted 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 acquiring an additional 26 shares in the last quarter. ETF Managers Group LLC bought a new position in Alliance Data Systems Corporation during the second quarter worth about $128,000. Oppenheimer Asset Management Inc. bought a new position in Alliance Data Systems Corporation during the first quarter worth about $141,000. Finally, Acadian Asset Management LLC lifted its holdings in Alliance Data Systems Corporation by 11,600.0% during the second quarter. Acadian Asset Management LLC now owns 585 shares of the business services provider’s stock worth $150,000 after acquiring an additional 580 shares in the last quarter. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Data Systems Corporation (NYSE:ADS) opened at $225.59 on Friday. The company has a market cap of $12,516.41, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 0.98 and a beta of 1.78. The company has a quick ratio of 2.23, a current ratio of 1.78 and a debt-to-equity ratio of 8.23.

Alliance Data Systems Corporation (NYSE:ADS) last announced its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 EPS for the quarter, beating the Zacks’ consensus estimate of $4.80 by $0.55. Alliance Data Systems Corporation had a return on equity of 62.95% and a net margin of 7.09%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the prior year, the company earned $4.74 EPS. Alliance Data Systems Corporation’s revenue was up 1.4% compared to the same quarter last year. equities analysts expect that Alliance Data Systems Corporation will post 17.12 EPS for the current year.

Alliance Data Systems Corporation announced that its Board of Directors has authorized a share buyback program on Thursday, July 27th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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 $0.52 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.92%. Alliance Data Systems Corporation’s payout ratio is 22.06%.

A number of analysts have recently commented on ADS shares. Credit Suisse Group restated an “underperform” rating on shares of Alliance Data Systems Corporation in a report on Tuesday, September 5th. Deutsche Bank AG reiterated a “buy” rating and set a $278.00 target price on shares of Alliance Data Systems Corporation in a report on Monday, July 10th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $300.00 target price on shares of Alliance Data Systems Corporation in a report on Thursday, August 31st. Jefferies Group LLC reiterated a “buy” rating and set a $270.00 target price on shares of Alliance Data Systems Corporation in a report on Friday, July 14th. Finally, ValuEngine lowered Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Four equities 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 has a consensus rating of “Hold” and a consensus target price 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.

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Institutional Ownership by Quarter for Alliance Data Systems Corporation (NYSE:ADS)

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