Alliance Data Systems Co. (ADS) Shares Sold by Caisse DE Depot ET Placement DU Quebec

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Caisse DE Depot ET Placement DU Quebec decreased its holdings in Alliance Data Systems Co. (NYSE:ADS) by 2.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 474,184 shares of the business services provider’s stock after selling 11,000 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Alliance Data Systems were worth $110,580,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ADS. FMR LLC raised its stake in Alliance Data Systems by 45.3% in the second quarter. FMR LLC now owns 2,595,591 shares of the business services provider’s stock valued at $605,293,000 after buying an additional 809,427 shares during the period. JPMorgan Chase & Co. grew its position in shares of Alliance Data Systems by 188.6% in the first quarter. JPMorgan Chase & Co. now owns 969,957 shares of the business services provider’s stock valued at $206,465,000 after purchasing an additional 633,865 shares during the last quarter. Boston Partners grew its position in shares of Alliance Data Systems by 92.5% in the first quarter. Boston Partners now owns 974,709 shares of the business services provider’s stock valued at $207,477,000 after purchasing an additional 468,310 shares during the last quarter. Millennium Management LLC grew its position in shares of Alliance Data Systems by 9,617.9% in the first quarter. Millennium Management LLC now owns 399,016 shares of the business services provider’s stock valued at $84,935,000 after purchasing an additional 394,910 shares during the last quarter. Finally, Parnassus Investments CA grew its position in shares of Alliance Data Systems by 42.3% in the second quarter. Parnassus Investments CA now owns 1,245,000 shares of the business services provider’s stock valued at $290,334,000 after purchasing an additional 370,000 shares during the last quarter. Hedge funds and other institutional investors own 93.53% of the company’s stock.

Shares of NYSE:ADS opened at $236.90 on Wednesday. The company has a market cap of $13.11 billion, a P/E ratio of 12.96, a P/E/G ratio of 0.93 and a beta of 1.77. Alliance Data Systems Co. has a 1 year low of $192.02 and a 1 year high of $278.33. The company has a debt-to-equity ratio of 7.25, a quick ratio of 2.12 and a current ratio of 2.14.

Alliance Data Systems (NYSE:ADS) last issued its quarterly earnings results on Thursday, July 19th. The business services provider reported $5.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.64 by $0.37. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. Alliance Data Systems had a return on equity of 59.18% and a net margin of 11.35%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.84 earnings per share. analysts anticipate that Alliance Data Systems Co. will post 21.6 EPS for the current fiscal year.

Alliance Data Systems announced that its board has authorized a stock repurchase program on Monday, July 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Tuesday, August 14th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.96%. The ex-dividend date is Monday, August 13th. Alliance Data Systems’s payout ratio is presently 12.47%.

In other Alliance Data Systems news, EVP Bryan A. Pearson sold 3,424 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $231.67, for a total transaction of $793,238.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Charles L. Horn sold 16,035 shares of the company’s stock in a transaction on Tuesday, July 24th. The stock was sold at an average price of $232.58, for a total value of $3,729,420.30. Following the sale, the chief financial officer now owns 28,688 shares of the company’s stock, valued at $6,672,255.04. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on ADS shares. Oppenheimer reaffirmed a “hold” rating on shares of Alliance Data Systems in a research report on Thursday, July 19th. Robert W. Baird raised Alliance Data Systems from a “neutral” rating to an “outperform” rating and set a $242.00 target price on the stock in a research report on Monday, June 18th. Zacks Investment Research downgraded Alliance Data Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Alliance Data Systems in a research report on Wednesday, July 18th. Finally, ValuEngine raised Alliance Data Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, July 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $263.18.

Alliance Data Systems Company Profile

Alliance Data Systems Corporation provides data-driven marketing and loyalty solutions worldwide. It operates through three segments: LoyaltyOne, Epsilon, and Card Services. 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 (NYSE:ADS)

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