Sterling Capital Management LLC Sells 94,262 Shares of Alliance Data Systems Co. (ADS)

Sterling Capital Management LLC trimmed its holdings in Alliance Data Systems Co. (NYSE:ADS) by 52.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 84,253 shares of the business services provider’s stock after selling 94,262 shares during the quarter. Sterling Capital Management LLC owned 0.15% of Alliance Data Systems worth $21,627,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ADS. Johnson Financial Group Inc. boosted its stake in shares of Alliance Data Systems by 9.8% during the 1st quarter. Johnson Financial Group Inc. now owns 426 shares of the business services provider’s stock worth $106,000 after acquiring an additional 38 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in shares of Alliance Data Systems during the 2nd quarter worth about $108,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Alliance Data Systems by 5.6% during the 2nd 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 in the last quarter. ETF Managers Group LLC purchased a new stake in shares of Alliance Data Systems during the 2nd quarter worth about $128,000. Finally, FNY Partners Fund LP boosted its stake in shares of Alliance Data Systems by 163.0% during the 1st quarter. FNY Partners Fund LP now owns 526 shares of the business services provider’s stock worth $130,000 after acquiring an additional 326 shares in the last quarter. 96.04% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Alliance Data Systems from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Jefferies Group LLC reissued a “buy” rating and set a $270.00 target price on shares of Alliance Data Systems in a research note on Friday, July 14th. Argus assumed coverage on shares of Alliance Data Systems in a research note on Thursday, July 13th. They set a “buy” rating and a $309.00 target price on the stock. BidaskClub raised shares of Alliance Data Systems from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, ValuEngine raised shares of Alliance Data Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. Alliance Data Systems currently has a consensus rating of “Hold” and an average target price of $252.33.

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Alliance Data Systems Co. (NYSE:ADS) traded up 5.41% on Friday, hitting $232.04. 285,223 shares of the company traded hands. The stock has a market cap of $12.87 billion, a PE ratio of 26.46 and a beta of 1.75. The stock’s 50-day moving average is $221.02 and its 200 day moving average is $239.93. Alliance Data Systems Co. has a 12 month low of $197.69 and a 12 month high of $266.25.

Alliance Data Systems (NYSE:ADS) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.37. Alliance Data Systems had a net margin of 7.56% and a return on equity of 39.62%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm earned $3.68 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts expect that Alliance Data Systems Co. will post $18.07 earnings per share for the current fiscal year.

Alliance Data Systems announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 27th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, August 10th. Alliance Data Systems’s dividend payout ratio (DPR) is presently 23.69%.

Alliance Data Systems 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.

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

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