Los Angeles Capital Management & Equity Research Inc. grew its position in Deluxe Corporation (NYSE:DLX) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,715 shares of the business services provider’s stock after acquiring an additional 100 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.14% of Deluxe Corporation worth $4,756,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in DLX. Capstone Asset Management Co. lifted its position in shares of Deluxe Corporation by 4.0% in the 1st quarter. Capstone Asset Management Co. now owns 3,650 shares of the business services provider’s stock worth $263,000 after acquiring an additional 140 shares during the period. Glen Harbor Capital Management LLC lifted its position in shares of Deluxe Corporation by 9.2% in the 1st quarter. Glen Harbor Capital Management LLC now owns 2,660 shares of the business services provider’s stock worth $192,000 after acquiring an additional 224 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Deluxe Corporation by 17.6% in the 1st quarter. Russell Investments Group Ltd. now owns 114,435 shares of the business services provider’s stock worth $8,256,000 after acquiring an additional 17,158 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Deluxe Corporation by 1.2% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,242 shares of the business services provider’s stock worth $1,244,000 after acquiring an additional 200 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in shares of Deluxe Corporation by 9.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 44,550 shares of the business services provider’s stock worth $3,216,000 after acquiring an additional 3,679 shares during the period. Institutional investors own 91.40% of the company’s stock.
In related news, VP John D. Filby sold 18,936 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.21, for a total value of $1,367,368.56. Following the completion of the sale, the vice president now directly owns 46,154 shares in the company, valued at $3,332,780.34. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ronald C. Baldwin sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.41, for a total value of $144,820.00. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
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Shares of Deluxe Corporation (NYSE:DLX) opened at 70.30 on Wednesday. The firm has a 50 day moving average price of $69.34 and a 200-day moving average price of $70.32. Deluxe Corporation has a 12 month low of $59.47 and a 12 month high of $75.94. The company has a market cap of $3.40 billion, a P/E ratio of 15.04 and a beta of 1.36.
Deluxe Corporation (NYSE:DLX) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. The business had revenue of $485.20 million during the quarter, compared to analysts’ expectations of $479.42 million. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 earnings per share. Analysts anticipate that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, August 17th. Deluxe Corporation’s dividend payout ratio (DPR) is currently 25.64%.
Separately, BidaskClub downgraded Deluxe Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, August 6th.
Deluxe Corporation Company Profile
Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.
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