TimesSquare Capital Management LLC Has $163.83 Million Stake in Alliance Data Systems Corporation (ADS)

TimesSquare Capital Management LLC decreased its stake in Alliance Data Systems Corporation (NYSE:ADS) by 23.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 657,967 shares of the business services provider’s stock after selling 206,895 shares during the period. Alliance Data Systems Corporation accounts for approximately 1.1% of TimesSquare Capital Management LLC’s holdings, making the stock its 11th largest position. TimesSquare Capital Management LLC’s holdings in Alliance Data Systems Corporation were worth $163,834,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its position in shares of Alliance Data Systems Corporation by 68.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 462 shares of the business services provider’s stock valued at $115,000 after buying an additional 188 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Alliance Data Systems Corporation by 0.8% in the first quarter. Quadrant Capital Group LLC now owns 482 shares of the business services provider’s stock valued at $116,000 after buying an additional 4 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Alliance Data Systems Corporation by 7.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 586 shares of the business services provider’s stock valued at $146,000 after buying an additional 43 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Alliance Data Systems Corporation during the first quarter valued at $198,000. Finally, Wetherby Asset Management Inc. acquired a new position in shares of Alliance Data Systems Corporation during the first quarter valued at $212,000. Institutional investors and hedge funds own 95.58% of the company’s stock.

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

Shares of Alliance Data Systems Corporation (ADS) traded down 0.23% during mid-day trading on Tuesday, reaching $256.81. 180,911 shares of the company’s stock were exchanged. The company’s 50 day moving average is $245.74 and its 200 day moving average is $240.13. The stock has a market capitalization of $14.30 billion, a PE ratio of 34.09 and a beta of 1.78. Alliance Data Systems Corporation has a 1-year low of $185.02 and a 1-year high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last issued its earnings results on Thursday, April 20th. The business services provider reported $3.91 EPS for the quarter, beating the Zacks’ consensus estimate of $3.64 by $0.27. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Alliance Data Systems Corporation had a net margin of 6.88% and a return on equity of 57.03%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.84 earnings per share. Equities research analysts anticipate that Alliance Data Systems Corporation will post $18.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 19th. Stockholders of record on Monday, May 15th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, May 11th. Alliance Data Systems Corporation’s dividend payout ratio (DPR) is 27.55%.

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Several research analysts have recently weighed in on ADS shares. TheStreet upgraded shares of Alliance Data Systems Corporation from a “c” rating to a “b” rating in a research note on Thursday, April 20th. Jefferies Group LLC restated a “buy” rating and set a $270.00 price objective on shares of Alliance Data Systems Corporation in a research report on Tuesday, May 2nd. Deutsche Bank AG set a $278.00 price objective on shares of Alliance Data Systems Corporation and gave the company a “buy” rating in a research report on Monday, May 1st. BMO Capital Markets restated a “hold” rating and set a $235.00 price objective on shares of Alliance Data Systems Corporation in a research report on Monday, April 17th. Finally, ValuEngine downgraded shares of Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $243.00.

Alliance Data Systems Corporation Company Profile

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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