ETF Managers Group LLC Invests $128,000 in Alliance Data Systems Corporation (ADS) Stock

ETF Managers Group LLC purchased a new position in Alliance Data Systems Corporation (NYSE:ADS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 499 shares of the business services provider’s stock, valued at approximately $128,000.

Other large investors have also recently bought and sold shares of the company. Fiduciary Trust Co. acquired a new position in Alliance Data Systems Corporation in the second quarter worth about $108,000. Johnson Financial Group Inc. grew its stake in 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 worth $106,000 after purchasing an additional 38 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Alliance Data Systems Corporation by 5.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 488 shares of the business services provider’s stock worth $125,000 after purchasing an additional 26 shares in the last quarter. FNY Partners Fund LP grew its stake in 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 worth $130,000 after purchasing an additional 326 shares in the last quarter. Finally, Invictus RG grew its stake in Alliance Data Systems Corporation by 189.7% in the first quarter. Invictus RG now owns 565 shares of the business services provider’s stock worth $141,000 after purchasing an additional 370 shares in the last quarter. Institutional investors and hedge funds own 96.04% of the company’s stock.

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A number of equities analysts recently commented on ADS shares. Credit Suisse Group reiterated an “underperform” rating on shares of Alliance Data Systems Corporation in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. set a $191.00 price target on Alliance Data Systems Corporation and gave the stock a “sell” rating in a research note on Thursday, August 24th. Deutsche Bank AG reiterated a “buy” rating and issued a $278.00 price target on shares of Alliance Data Systems Corporation in a research note on Monday, July 10th. BidaskClub upgraded Alliance Data Systems Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $280.00 price target on shares of Alliance Data Systems Corporation in a research note on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $252.33.

Alliance Data Systems Corporation (ADS) traded down 0.21% during midday trading on Friday, hitting $226.22. The stock had a trading volume of 286,358 shares. The company has a market cap of $12.55 billion, a PE ratio of 25.79 and a beta of 1.75. The stock’s 50 day moving average price is $220.69 and its 200-day moving average price is $240.43. Alliance Data Systems Corporation has a 52 week low of $197.69 and a 52 week high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last issued its quarterly earnings data on Thursday, July 20th. The business services provider reported $3.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.47 by $0.37. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Alliance Data Systems Corporation had a net margin of 6.77% and a return on equity of 59.67%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.68 earnings per share. Equities research analysts predict that Alliance Data Systems Corporation will post $18.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.08 annualized dividend and a yield of 0.92%. Alliance Data Systems Corporation’s dividend payout ratio is 23.69%.

Alliance Data Systems Corporation announced that its Board of Directors has authorized a stock buyback program on Thursday, July 27th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits 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 management believes its shares are undervalued.

Alliance Data Systems Corporation 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 Corporation (NYSE:ADS)

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