Renaissance Technologies LLC bought a new position in Deluxe Corporation (NYSE:DLX – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor bought 51,230 shares of the business services provider’s stock, valued at approximately $1,411,000.
Several other hedge funds have also recently modified their holdings of the business. UMB Bank n.a. increased its holdings in Deluxe by 3,597.9% in the 4th quarter. UMB Bank n.a. now owns 1,738 shares of the business services provider’s stock worth $39,000 after buying an additional 1,691 shares in the last quarter. Strs Ohio bought a new position in Deluxe during the 1st quarter valued at about $30,000. Raymond James Financial Inc. bought a new position in Deluxe during the 2nd quarter valued at about $31,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Deluxe during the 4th quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Deluxe by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 552 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on DLX. Wall Street Zen cut shares of Deluxe from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings cut shares of Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Deluxe presently has an average rating of “Hold”.
Deluxe Stock Down 0.1%
Deluxe stock opened at $23.82 on Thursday. Deluxe Corporation has a one year low of $17.76 and a one year high of $32.07. The stock has a fifty day moving average of $24.59 and a 200 day moving average of $26.11. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.08 and a current ratio of 1.20. The stock has a market cap of $1.09 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24.
Deluxe (NYSE:DLX – Get Free Report) last announced its earnings results on Wednesday, August 5th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.06. The business had revenue of $499.30 million for the quarter, compared to analysts’ expectations of $486.30 million. Deluxe had a return on equity of 23.51% and a net margin of 4.91%.The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. As a group, sell-side analysts predict that Deluxe Corporation will post 3.3 EPS for the current year.
Deluxe Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.0%. Deluxe’s dividend payout ratio (DPR) is presently 53.33%.
Deluxe Profile
Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.
The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.
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