QS Investors LLC Has $2.95 Million Holdings in Alliance Data Systems Co. (NYSE:ADS)

QS Investors LLC cut its stake in shares of Alliance Data Systems Co. (NYSE:ADS) by 61.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,300 shares of the business services provider’s stock after selling 45,650 shares during the period. QS Investors LLC’s holdings in Alliance Data Systems were worth $2,949,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ADS. Franklin Resources Inc. increased its holdings in shares of Alliance Data Systems by 72,184.3% during the second quarter. Franklin Resources Inc. now owns 1,520,861 shares of the business services provider’s stock worth $158,458,000 after buying an additional 1,518,757 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of Alliance Data Systems in the first quarter worth $92,574,000. Arctis Global LLC grew its stake in shares of Alliance Data Systems by 78.7% in the first quarter. Arctis Global LLC now owns 1,244,654 shares of the business services provider’s stock worth $139,513,000 after purchasing an additional 547,989 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in shares of Alliance Data Systems by 186.3% in the first quarter. Ensign Peak Advisors Inc now owns 447,154 shares of the business services provider’s stock worth $50,122,000 after purchasing an additional 290,993 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Alliance Data Systems by 93.8% in the second quarter. Principal Financial Group Inc. now owns 563,376 shares of the business services provider’s stock worth $58,699,000 after purchasing an additional 272,744 shares during the last quarter. Institutional investors own 95.39% of the company’s stock.

ADS opened at $96.49 on Thursday. The company has a debt-to-equity ratio of 4.08, a current ratio of 1.79 and a quick ratio of 1.77. Alliance Data Systems Co. has a fifty-two week low of $42.80 and a fifty-two week high of $128.16. The firm has a market capitalization of $4.80 billion, a PE ratio of 6.77, a P/E/G ratio of 0.31 and a beta of 2.56. The company’s 50-day moving average is $96.05 and its 200 day moving average is $105.07.

Alliance Data Systems (NYSE:ADS) last posted its earnings results on Wednesday, July 28th. The business services provider reported $5.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.74 by $2.25. Alliance Data Systems had a net margin of 16.56% and a return on equity of 55.02%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. As a group, analysts expect that Alliance Data Systems Co. will post 17.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 17th. Shareholders of record on Friday, August 13th were paid a $0.21 dividend. The ex-dividend date was Thursday, August 12th. This represents a $0.84 annualized dividend and a yield of 0.87%. Alliance Data Systems’s dividend payout ratio (DPR) is 9.27%.

Several brokerages recently weighed in on ADS. JMP Securities reissued a “market perform” rating on shares of Alliance Data Systems in a research note on Friday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Alliance Data Systems from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, August 17th. Morgan Stanley cut their price target on shares of Alliance Data Systems from $150.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday, July 30th. Royal Bank of Canada cut their price target on shares of Alliance Data Systems from $126.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, July 30th. Finally, Oppenheimer cut their price target on shares of Alliance Data Systems from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $163.44.

Alliance Data Systems Company Profile

Alliance Data Systems Corp. engages in the provision of data-driven and transaction-based marketing, customer loyalty and payment solutions. It operates through the following segments: LoyaltyOne, Epsilon and Card Services. The LoyaltyOne segment provides coalition and short-term loyalty programs. The Epsilon segment offers end-to-end, integrated marketing solutions.

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

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