TLP Group LLC Purchases New Holdings in Alliance Data Systems Corporation (ADS)

TLP Group LLC purchased a new stake in Alliance Data Systems Corporation (NYSE:ADS) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,024 shares of the business services provider’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Alliance Data Systems Corporation by 0.8% in the 1st quarter. Principal Financial Group Inc. now owns 89,131 shares of the business services provider’s stock valued at $22,194,000 after purchasing an additional 673 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in Alliance Data Systems Corporation by 2.9% in the 2nd quarter. TimesSquare Capital Management LLC now owns 676,889 shares of the business services provider’s stock valued at $173,751,000 after purchasing an additional 18,922 shares in the last quarter. RMB Capital Management LLC increased its holdings in Alliance Data Systems Corporation by 11.9% in the 1st quarter. RMB Capital Management LLC now owns 104,705 shares of the business services provider’s stock valued at $26,071,000 after purchasing an additional 11,105 shares in the last quarter. ValueAct Holdings L.P. increased its holdings in Alliance Data Systems Corporation by 12.0% in the 1st quarter. ValueAct Holdings L.P. now owns 5,877,400 shares of the business services provider’s stock valued at $1,463,473,000 after purchasing an additional 630,900 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Alliance Data Systems Corporation in the 1st quarter valued at $698,000. Hedge funds and other institutional investors own 96.04% of the company’s stock.

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Shares of Alliance Data Systems Corporation (NYSE:ADS) traded up 0.44% during trading on Friday, hitting $216.76. 305,208 shares of the stock traded hands. The company has a market cap of $12.03 billion, a PE ratio of 24.72 and a beta of 1.76. Alliance Data Systems Corporation has a one year low of $197.69 and a one year high of $266.25. The firm has a 50 day moving average price of $224.76 and a 200-day moving average price of $242.73.

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 (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.37. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.85 billion. Alliance Data Systems Corporation had a net margin of 6.77% and a return on equity of 59.67%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $3.68 EPS. Analysts anticipate that Alliance Data Systems Corporation will post $18.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th were given a $0.52 dividend. The ex-dividend date was Thursday, August 10th. This represents a $2.08 annualized dividend and a yield of 0.96%. Alliance Data Systems Corporation’s dividend payout ratio is 23.69%.

Alliance Data Systems Corporation announced that its board has initiated a stock repurchase program on Thursday, July 27th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Several analysts recently issued reports on the company. BidaskClub upgraded Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. KeyCorp reissued a “hold” rating on shares of Alliance Data Systems Corporation in a research report on Friday, August 25th. Argus reissued a “buy” rating and issued a $290.00 price objective (down from $309.00) on shares of Alliance Data Systems Corporation in a research report on Sunday, July 30th. ValuEngine raised shares of Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $302.00 price objective on shares of Alliance Data Systems Corporation in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $255.47.

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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