Korea Investment CORP decreased its stake in Alliance Data Systems Corporation (NYSE:ADS) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,588 shares of the business services provider’s stock after selling 937 shares during the period. Korea Investment CORP’s holdings in Alliance Data Systems Corporation were worth $5,285,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Johnson Financial Group Inc. increased its stake in shares of Alliance Data Systems Corporation by 9.8% in the first quarter. Johnson Financial Group Inc. now owns 426 shares of the business services provider’s stock valued at $106,000 after buying an additional 38 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Alliance Data Systems Corporation by 68.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 462 shares of the business services provider’s stock valued at $115,000 after buying an additional 188 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Alliance Data Systems Corporation by 0.8% in the first quarter. Quadrant Capital Group LLC now owns 482 shares of the business services provider’s stock valued at $116,000 after buying an additional 4 shares during the last quarter. FNY Partners Fund LP increased its stake in shares of Alliance Data Systems Corporation by 163.0% in the first quarter. FNY Partners Fund LP now owns 526 shares of the business services provider’s stock valued at $130,000 after buying an additional 326 shares during the last quarter. Finally, Invictus RG increased its stake in shares of Alliance Data Systems Corporation by 189.7% in the first quarter. Invictus RG now owns 565 shares of the business services provider’s stock valued at $141,000 after buying an additional 370 shares during the last quarter. 98.78% of the stock is owned by institutional investors and hedge funds.

Alliance Data Systems Corporation (NYSE ADS) opened at 222.64 on Friday. The firm has a market capitalization of $12.35 billion, a PE ratio of 25.39 and a beta of 1.76. Alliance Data Systems Corporation has a 12 month low of $193.67 and a 12 month high of $266.25. The stock has a 50 day moving average of $248.86 and a 200 day moving average of $244.71.

Alliance Data Systems Corporation (NYSE:ADS) last announced its earnings results on Thursday, July 20th. The business services provider reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.37. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.85 billion. Alliance Data Systems Corporation had a net margin of 6.77% and a return on equity of 59.67%. Alliance Data Systems Corporation’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $3.68 earnings per share. On average, equities analysts predict that Alliance Data Systems Corporation will post $18.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, August 10th. Alliance Data Systems Corporation’s dividend payout ratio (DPR) is presently 23.69%.

Alliance Data Systems Corporation declared that its board has approved a stock repurchase program on Thursday, July 27th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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Several analysts recently commented on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and set a $302.00 target price on shares of Alliance Data Systems Corporation in a report on Thursday, August 3rd. Argus reiterated a “buy” rating and issued a $290.00 price objective (down previously from $309.00) on shares of Alliance Data Systems Corporation in a research note on Sunday, July 30th. BidaskClub cut shares of Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research cut shares of Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $280.00 price objective on shares of Alliance Data Systems Corporation in a research note on Friday, July 28th. Two 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. Alliance Data Systems Corporation presently has an average rating of “Hold” and an average price target of $255.97.

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.

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

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