Allianz Asset Management GmbH decreased its position in shares of Deluxe Co. (NYSE:DLX) by 23.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 680,693 shares of the business services provider’s stock after selling 205,862 shares during the quarter. Allianz Asset Management GmbH owned 1.41% of Deluxe worth $49,663,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Deluxe by 8.2% in the second quarter. FMR LLC now owns 3,528,134 shares of the business services provider’s stock valued at $244,217,000 after acquiring an additional 267,739 shares during the period. LSV Asset Management lifted its holdings in Deluxe by 5.4% in the second quarter. LSV Asset Management now owns 2,003,550 shares of the business services provider’s stock valued at $138,685,000 after acquiring an additional 103,500 shares during the period. State Street Corp lifted its holdings in Deluxe by 3.1% in the second quarter. State Street Corp now owns 1,647,025 shares of the business services provider’s stock valued at $114,012,000 after acquiring an additional 48,849 shares during the period. Schroder Investment Management Group lifted its holdings in Deluxe by 14.1% in the second quarter. Schroder Investment Management Group now owns 1,476,419 shares of the business services provider’s stock valued at $101,607,000 after acquiring an additional 182,600 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Deluxe by 94.0% in the third quarter. Bank of New York Mellon Corp now owns 1,376,382 shares of the business services provider’s stock valued at $100,420,000 after acquiring an additional 667,085 shares during the period. 92.71% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Lee J. Schram sold 33,030 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $71.32, for a total value of $2,355,699.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by insiders.
Shares of Deluxe Co. (NYSE DLX) traded down $1.59 during trading hours on Thursday, reaching $71.67. The company’s stock had a trading volume of 222,700 shares, compared to its average volume of 269,523. Deluxe Co. has a one year low of $66.43 and a one year high of $75.94. The firm has a market capitalization of $3,525.39, a P/E ratio of 14.06 and a beta of 1.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.93 and a quick ratio of 0.83.
Deluxe (NYSE:DLX) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.07. Deluxe had a return on equity of 27.56% and a net margin of 10.24%. The company had revenue of $497.70 million during the quarter, compared to the consensus estimate of $487.77 million. During the same period in the previous year, the company posted $1.22 earnings per share. Deluxe’s revenue for the quarter was up 8.5% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 20th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, November 17th. Deluxe’s dividend payout ratio (DPR) is presently 29.41%.
Deluxe 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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