Eqis Capital Management Inc. Lowers Stock Holdings in Alliance Data Systems Co. (NYSE:ADS) – Mayfield Recorder
Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 18,108 shares of the business services provider’s stock valued at $2,537,000 after acquiring an additional 2,300 shares during the period. Finally, Stephens raised Alliance Data Systems from an “underweight” rating to an “equal weight” rating and set a $160.00 price target for the company in a report on Monday, April 29th. Alliance Data Systems declared that its Board of Directors has approved a stock buyback program on Tuesday, July 9th that authorizes the company to repurchase $1.10 billion in shares. In other Alliance Data Systems news, CFO Timothy P. King sold 2,600 shares of the company’s stock in a transaction on Tuesday, July 30th.