Ferguson Wellman Capital Management Inc. Reduces Stake in Alliance Data Systems Corporation (ADS)

Ferguson Wellman Capital Management Inc. decreased its stake in Alliance Data Systems Corporation (NYSE:ADS) by 1.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,015 shares of the business services provider’s stock after selling 76 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Alliance Data Systems Corporation were worth $1,031,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ADS. Principal Financial Group Inc. raised its position in shares of Alliance Data Systems Corporation by 0.8% in the first quarter. Principal Financial Group Inc. now owns 89,131 shares of the business services provider’s stock valued at $22,194,000 after buying an additional 673 shares during the period. RMB Capital Management LLC raised its stake in shares of Alliance Data Systems Corporation by 11.9% in the first quarter. RMB Capital Management LLC now owns 104,705 shares of the business services provider’s stock worth $26,071,000 after buying an additional 11,105 shares during the last quarter. ValueAct Holdings L.P. raised its stake in shares of Alliance Data Systems Corporation by 12.0% in the first quarter. ValueAct Holdings L.P. now owns 5,877,400 shares of the business services provider’s stock worth $1,463,473,000 after buying an additional 630,900 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Alliance Data Systems Corporation during the first quarter worth about $698,000. Finally, Swiss National Bank raised its stake in shares of Alliance Data Systems Corporation by 13.9% in the first quarter. Swiss National Bank now owns 186,398 shares of the business services provider’s stock worth $46,413,000 after buying an additional 22,800 shares during the last quarter. 98.78% of the stock is currently owned by institutional investors.

Shares of Alliance Data Systems Corporation (NYSE:ADS) traded up 0.19% during trading on Friday, reaching $222.64. 548,404 shares of the company’s stock traded hands. Alliance Data Systems Corporation has a 1-year low of $193.67 and a 1-year high of $266.25. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 25.39 and a beta of 1.76. The stock has a 50-day moving average of $248.86 and a 200-day moving average of $244.71.

Alliance Data Systems Corporation (NYSE:ADS) last posted its quarterly earnings results on Thursday, July 20th. The business services provider reported $3.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.37. Alliance Data Systems Corporation had a net margin of 6.77% and a return on equity of 59.67%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the company earned $3.68 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts predict that Alliance Data Systems Corporation will post $18.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 14th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.08 annualized dividend and a dividend yield of 0.93%. Alliance Data Systems Corporation’s dividend payout ratio is presently 23.69%.

Alliance Data Systems Corporation declared that its Board of Directors has initiated a stock buyback 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. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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A number of research firms have weighed in on ADS. Deutsche Bank AG set a $278.00 target price on Alliance Data Systems Corporation and gave the stock a “buy” rating in a report on Monday, May 1st. Zacks Investment Research downgraded Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Cowen and Company reaffirmed an “outperform” rating and set a $255.00 price target on shares of Alliance Data Systems Corporation in a research report on Wednesday, April 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $280.00 target price on shares of Alliance Data Systems Corporation in a research report on Friday, July 28th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $302.00 target price on shares of Alliance Data Systems Corporation in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. Alliance Data Systems Corporation presently has an average rating of “Hold” and an average price target of $255.97.

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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