Deluxe Corporation $DLX Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Deluxe Corporation (NYSE:DLX) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,054 shares of the business services provider’s stock after acquiring an additional 3,033 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Deluxe were worth $1,974,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Strs Ohio bought a new position in shares of Deluxe in the first quarter worth $30,000. Quarry LP lifted its holdings in Deluxe by 105.8% in the first quarter. Quarry LP now owns 3,685 shares of the business services provider’s stock worth $58,000 after purchasing an additional 1,894 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Deluxe by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,874 shares of the business services provider’s stock valued at $124,000 after buying an additional 790 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in Deluxe by 18.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,747 shares of the business services provider’s stock valued at $171,000 after buying an additional 1,693 shares during the period. Finally, PharVision Advisers LLC acquired a new position in Deluxe during the 1st quarter valued at about $173,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Deluxe Stock Up 3.4%

DLX stock opened at $20.49 on Wednesday. The firm has a market cap of $922.21 million, a PE ratio of 15.88, a P/E/G ratio of 0.50 and a beta of 1.47. Deluxe Corporation has a 12 month low of $13.61 and a 12 month high of $24.30. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.94 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $19.18 and a 200 day simple moving average of $17.66.

Deluxe (NYSE:DLX) last posted its quarterly earnings results on Wednesday, March 23rd. The business services provider reported $1.38 earnings per share (EPS) for the quarter. Deluxe had a return on equity of 21.12% and a net margin of 2.75%.The company had revenue of $454.49 million for the quarter. Equities research analysts forecast that Deluxe Corporation will post 2.77 earnings per share for the current fiscal year.

Deluxe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.9%. The ex-dividend date is Monday, November 17th. Deluxe’s payout ratio is presently 65.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deluxe in a research note on Monday. Wall Street Zen upgraded Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Cowen reiterated a “buy” rating on shares of Deluxe in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

About Deluxe

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.