Russell Investments Group Ltd. Increases Stake in Alliance Data Systems Corporation (ADS)

Russell Investments Group Ltd. lifted its stake in shares of Alliance Data Systems Corporation (NYSE:ADS) by 10.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 362,062 shares of the business services provider’s stock after purchasing an additional 34,961 shares during the quarter. Russell Investments Group Ltd. owned about 0.65% of Alliance Data Systems Corporation worth $80,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Fiduciary Trust Co. acquired a new stake in Alliance Data Systems Corporation in the 2nd quarter valued at approximately $108,000. Benjamin F. Edwards & Company Inc. raised its position 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 acquiring an additional 26 shares during the period. ETF Managers Group LLC bought a new stake in Alliance Data Systems Corporation in the second quarter worth about $128,000. Acadian Asset Management LLC raised its position 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 acquiring an additional 580 shares during the period. Finally, Paradigm Asset Management Co. LLC raised its position in shares of Alliance Data Systems Corporation by 8.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 650 shares of the business services provider’s stock valued at $167,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Several research firms have recently issued reports on ADS. BidaskClub lowered shares of Alliance Data Systems Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Piper Jaffray Companies reissued a “buy” rating and issued a $302.00 price target on shares of Alliance Data Systems Corporation in a research report on Thursday, August 3rd. Barclays PLC lowered shares of Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $285.00 to $265.00 in a report on Friday, July 21st. ValuEngine lowered shares of Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $300.00 target price on shares of Alliance Data Systems Corporation in a report on Thursday, August 31st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. Alliance Data Systems Corporation currently has an average rating of “Hold” and an average price target of $257.00.

Shares of Alliance Data Systems Corporation (NYSE ADS) traded up $0.74 during midday trading on Friday, reaching $225.33. 396,700 shares of the company’s stock traded hands, compared to its average volume of 598,152. The company has a quick ratio of 2.09, a current ratio of 2.11 and a debt-to-equity ratio of 9.53. The company has a market cap of $12,408.30, a price-to-earnings ratio of 13.35, a PEG ratio of 0.97 and a beta of 1.78. Alliance Data Systems Corporation has a 1-year low of $209.00 and a 1-year high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last issued its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.80 by $0.55. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.97 billion. Alliance Data Systems Corporation had a net margin of 7.09% and a return on equity of 62.95%. Alliance Data Systems Corporation’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $4.74 EPS. research 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 approved a stock 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 purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 14th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.92%. Alliance Data Systems Corporation’s payout ratio is 22.06%.

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

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