Timessquare Capital Management buys $265.6 Million stake in Alliance Data Systems Corporation (ADS)

Alliance Data Systems Corporation (ADS) : Timessquare Capital Management scooped up 63,025 additional shares in Alliance Data Systems Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 1,317,442 shares of Alliance Data Systems Corporation which is valued at $265.6 Million.Alliance Data Systems Corporation makes up approximately 1.73% of Timessquare Capital Management’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank boosted its stake in ADS in the latest quarter, The investment management firm added 575 additional shares and now holds a total of 2,448 shares of Alliance Data Systems Corporation which is valued at $493,443. Alliance Data Systems Corporation makes up approx 0.05% of Amalgamated Bank’s portfolio.Blackrock Fund Advisors reduced its stake in ADS by selling 48,317 shares or 4.98% in the most recent quarter. The Hedge Fund company now holds 920,932 shares of ADS which is valued at $185.6 Million. Alliance Data Systems Corporation makes up approx 0.04% of Blackrock Fund Advisors’s portfolio.Middleton Co Incma boosted its stake in ADS in the latest quarter, The investment management firm added 143 additional shares and now holds a total of 19,945 shares of Alliance Data Systems Corporation which is valued at $4.1 Million. Alliance Data Systems Corporation makes up approx 0.94% of Middleton Co Incma’s portfolio.Calvert Investment Management boosted its stake in ADS in the latest quarter, The investment management firm added 172 additional shares and now holds a total of 2,836 shares of Alliance Data Systems Corporation which is valued at $578,147. Alliance Data Systems Corporation makes up approx 0.03% of Calvert Investment Management’s portfolio.Emerald Mutual Fund Advisers Trust boosted its stake in ADS in the latest quarter, The investment management firm added 168 additional shares and now holds a total of 983 shares of Alliance Data Systems Corporation which is valued at $199,854. Alliance Data Systems Corporation makes up approx 0.01% of Emerald Mutual Fund Advisers Trust’s portfolio.

Alliance Data Systems Corporation opened for trading at $201.08 and hit $205.48 on the upside on Monday, eventually ending the session at $205.04, with a gain of 1.72% or 3.47 points. The heightened volatility saw the trading volume jump to 4,82,149 shares. Company has a market cap of $12,085 M.

On the company’s financial health, Alliance Data Systems Corporation reported $3.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $3.80. The company had revenue of $1676.00 million for the quarter, compared to analysts expectations of $1689.63 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.65 EPS.

Many Wall Street Analysts have commented on Alliance Data Systems Corporation. Susquehanna Initiated Alliance Data Systems Corporation on Apr 26, 2016 to “Neutral”, Price Target of the shares are set at $228.Shares were Reiterated by RBC Capital Mkts on Feb 17, 2016 to “Outperform” and Lowered the Price Target to $ 275 from a previous price target of $287 .Jefferies Initiated Alliance Data Systems Corporation on Feb 12, 2016 to “Buy”, Price Target of the shares are set at $240.

Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a variety of industries. The Company operates through three segments: LoyaltyOne which includes the Company’s Canadian AIR MILES Reward Program and BrandLoyalty; Epsilon which provides direct marketing solutions and Private Label Services and Credit which provides risk management solutions account origination funding transaction processing customer care collections and marketing services for the Company’s private label and co-brand retail credit card programs. 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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