Quadrature Capital Ltd Makes New Investment in Alliance Data Systems Co. (NYSE:ADS)

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Quadrature Capital Ltd acquired a new position in shares of Alliance Data Systems Co. (NYSE:ADS) in the second quarter, Holdings Channel reports. The fund acquired 33,260 shares of the business services provider’s stock, valued at approximately $1,500,000.

A number of other institutional investors also recently bought and sold shares of the business. Glenmede Trust Co. NA lifted its position in Alliance Data Systems by 56.4% during the 2nd quarter. Glenmede Trust Co. NA now owns 710 shares of the business services provider’s stock worth $32,000 after acquiring an additional 256 shares during the period. Rampart Investment Management Company LLC lifted its position in Alliance Data Systems by 79.9% during the 2nd quarter. Rampart Investment Management Company LLC now owns 653 shares of the business services provider’s stock worth $29,000 after acquiring an additional 290 shares during the period. Malaga Cove Capital LLC lifted its position in Alliance Data Systems by 6.9% during the 1st quarter. Malaga Cove Capital LLC now owns 6,747 shares of the business services provider’s stock worth $226,000 after acquiring an additional 438 shares during the period. PNC Financial Services Group Inc. lifted its position in Alliance Data Systems by 5.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,882 shares of the business services provider’s stock worth $401,000 after acquiring an additional 486 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC lifted its position in Alliance Data Systems by 33.2% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 2,120 shares of the business services provider’s stock worth $71,000 after acquiring an additional 528 shares during the period. 81.23% of the stock is owned by institutional investors.

Several research firms have recently commented on ADS. Royal Bank of Canada reissued a “buy” rating on shares of Alliance Data Systems in a report on Tuesday, August 18th. Deutsche Bank raised their price target on Alliance Data Systems from $42.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, May 27th. UBS Group raised their price target on Alliance Data Systems from $50.00 to $80.00 and gave the company a “buy” rating in a report on Monday, June 22nd. SunTrust Banks raised their price target on Alliance Data Systems from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Bank of America raised Alliance Data Systems from a “neutral” rating to a “buy” rating and raised their price target for the company from $51.00 to $63.00 in a report on Friday, July 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $71.71.

Alliance Data Systems stock traded up $2.80 during mid-day trading on Friday, hitting $48.11. 1,018,400 shares of the company were exchanged, compared to its average volume of 856,961. The company has a debt-to-equity ratio of 8.32, a current ratio of 1.81 and a quick ratio of 1.80. The business’s 50 day simple moving average is $44.75 and its two-hundred day simple moving average is $49.94. The company has a market capitalization of $2.30 billion, a P/E ratio of 23.47, a PEG ratio of 0.46 and a beta of 2.52. Alliance Data Systems Co. has a 12-month low of $20.51 and a 12-month high of $137.29.

Alliance Data Systems (NYSE:ADS) last released its quarterly earnings results on Thursday, July 23rd. The business services provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.78. The company had revenue of $979.30 million during the quarter, compared to the consensus estimate of $1.16 billion. Alliance Data Systems had a return on equity of 42.34% and a net margin of 1.73%. Alliance Data Systems’s revenue was down 27.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.83 earnings per share. Equities research analysts predict that Alliance Data Systems Co. will post 5.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 14th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.75%. The ex-dividend date is Thursday, August 13th. Alliance Data Systems’s payout ratio is 5.13%.

In related news, Director John C. Gerspach purchased 5,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was bought at an average price of $52.09 per share, with a total value of $260,450.00. Company insiders own 2.10% of the company’s stock.

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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