Pictet & Cie Europe SA Has $923,000 Holdings in Alliance Data Systems Corporation (ADS)

Pictet & Cie Europe SA raised its holdings in Alliance Data Systems Corporation (NYSE:ADS) by 18.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,167 shares of the business services provider’s stock after purchasing an additional 650 shares during the quarter. Pictet & Cie Europe SA’s holdings in Alliance Data Systems Corporation were worth $923,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. USS Investment Management Ltd boosted its stake in shares of Alliance Data Systems Corporation by 321.7% during the 2nd quarter. USS Investment Management Ltd now owns 506,000 shares of the business services provider’s stock worth $129,926,000 after acquiring an additional 386,000 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Alliance Data Systems Corporation by 41.3% during the 2nd quarter. Northern Trust Corp now owns 1,308,680 shares of the business services provider’s stock worth $335,925,000 after acquiring an additional 382,814 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Alliance Data Systems Corporation during the 2nd quarter worth approximately $83,142,000. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Alliance Data Systems Corporation by 1,939.2% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 230,506 shares of the business services provider’s stock worth $45,161,000 after acquiring an additional 219,202 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in shares of Alliance Data Systems Corporation by 75.1% during the 3rd quarter. State of Tennessee Treasury Department now owns 265,070 shares of the business services provider’s stock worth $58,726,000 after acquiring an additional 113,674 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors.

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Several research analysts recently issued reports on ADS shares. BidaskClub downgraded Alliance Data Systems Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Piper Jaffray Companies restated a “buy” rating and set a $302.00 price objective on shares of Alliance Data Systems Corporation in a research report on Thursday, August 3rd. Barclays PLC downgraded Alliance Data Systems Corporation from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $285.00 to $265.00 in a research report on Friday, July 21st. ValuEngine downgraded Alliance Data Systems Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $300.00 price target on shares of Alliance Data Systems Corporation in a report on Thursday, August 31st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. Alliance Data Systems Corporation presently has a consensus rating of “Hold” and an average target price of $257.00.

Alliance Data Systems Corporation (NYSE:ADS) traded up $0.74 during midday trading on Friday, reaching $225.33. 396,700 shares of the company’s stock traded hands, compared to its average volume of 598,152. The company has a quick ratio of 2.09, a current ratio of 2.11 and a debt-to-equity ratio of 9.53. The firm has a market cap of $12,480.00, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.97 and a beta of 1.78. Alliance Data Systems Corporation has a 52 week low of $209.00 and a 52 week high of $266.25.

Alliance Data Systems Corporation (NYSE:ADS) last announced its quarterly earnings results on Thursday, October 19th. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.80 by $0.55. Alliance Data Systems Corporation had a net margin of 7.09% and a return on equity of 62.95%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the firm posted $4.74 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. sell-side analysts forecast that Alliance Data Systems Corporation will post 17.12 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Monday, November 13th. Alliance Data Systems Corporation’s dividend payout ratio (DPR) is 22.06%.

Alliance Data Systems Corporation declared that its Board of Directors has initiated a share buyback plan on Thursday, July 27th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Alliance Data Systems Corporation 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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