BidaskClub Downgrades Alliance Data Systems Corporation (NYSE:ADS) to Hold

BidaskClub lowered shares of Alliance Data Systems Corporation (NYSE:ADS) from a buy rating to a hold rating in a report published on Monday, July 24th.

A number of other brokerages also recently issued reports on ADS. Argus started coverage on Alliance Data Systems Corporation in a research note on Thursday, July 13th. They issued a buy rating and a $309.00 price objective for the company. Compass Point upgraded Alliance Data Systems Corporation from a sell rating to a neutral rating and upped their price objective for the company from $190.00 to $200.00 in a research note on Thursday, May 25th. Barclays PLC cut Alliance Data Systems Corporation from an overweight rating to an equal weight rating and dropped their price target for the company from $285.00 to $265.00 in a research report on Friday, July 21st. ValuEngine raised Alliance Data Systems Corporation from a hold rating to a buy rating in a research report on Tuesday, June 20th. Finally, Oppenheimer Holdings, Inc. started coverage on Alliance Data Systems Corporation in a research report on Tuesday, May 16th. They set a sell rating and a $185.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $252.31.

Alliance Data Systems Corporation (NYSE ADS) traded down 0.78% during mid-day trading on Monday, reaching $221.27. The company had a trading volume of 393,619 shares. Alliance Data Systems Corporation has a one year low of $196.40 and a one year high of $266.25. The firm’s 50-day moving average is $243.69 and its 200-day moving average is $244.69. The firm has a market capitalization of $12.28 billion, a P/E ratio of 25.23 and a beta of 1.76.

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

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Alliance Data Systems Corporation announced that its board has authorized a stock repurchase plan on Thursday, July 27th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, August 14th will be issued a dividend of $0.52 per share. The ex-dividend date is Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a yield of 0.94%. Alliance Data Systems Corporation’s dividend payout ratio (DPR) is 23.69%.

Several hedge funds have recently added to or reduced their stakes in the stock. RMB Capital Management LLC boosted its stake in Alliance Data Systems Corporation by 8.7% in the fourth quarter. RMB Capital Management LLC now owns 93,600 shares of the business services provider’s stock valued at $21,388,000 after buying an additional 7,490 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in Alliance Data Systems Corporation during the fourth quarter valued at $958,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Alliance Data Systems Corporation during the fourth quarter valued at $427,000. Chevy Chase Trust Holdings Inc. boosted its stake in Alliance Data Systems Corporation by 0.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 49,134 shares of the business services provider’s stock valued at $12,234,000 after buying an additional 148 shares during the last quarter. Finally, Hills Bank & Trust Co. boosted its stake in Alliance Data Systems Corporation by 6.0% in the first quarter. Hills Bank & Trust Co. now owns 4,959 shares of the business services provider’s stock valued at $1,235,000 after buying an additional 279 shares during the last quarter. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Alliance Data Systems Corporation (NYSE:ADS)

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