Janney Montgomery Scott LLC bought a new position in Deluxe Corporation (NYSE:DLX) during the second quarter, Holdings Channel reports. The fund bought 7,363 shares of the business services provider’s stock, valued at approximately $510,000.
Other hedge funds also recently bought and sold shares of the company. Flinton Capital Management LLC boosted its stake in Deluxe Corporation by 9.2% in the first quarter. Flinton Capital Management LLC now owns 1,520 shares of the business services provider’s stock worth $110,000 after buying an additional 128 shares during the last quarter. TrimTabs Asset Management LLC boosted its stake in Deluxe Corporation by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the business services provider’s stock worth $114,000 after buying an additional 744 shares during the last quarter. Meadow Creek Investment Management LLC boosted its stake in Deluxe Corporation by 9.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,090 shares of the business services provider’s stock worth $151,000 after buying an additional 176 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Deluxe Corporation by 64.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,136 shares of the business services provider’s stock worth $154,000 after buying an additional 836 shares during the last quarter. Finally, Glen Harbor Capital Management LLC boosted its stake in Deluxe Corporation by 9.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,660 shares of the business services provider’s stock worth $192,000 after buying an additional 224 shares during the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Deluxe Corporation (DLX) opened at 68.17 on Friday. Deluxe Corporation has a 1-year low of $59.47 and a 1-year high of $75.94. The company has a market cap of $3.30 billion, a PE ratio of 14.58 and a beta of 1.35. The firm’s 50 day moving average is $70.15 and its 200-day moving average is $71.00.
Deluxe Corporation (NYSE:DLX) last issued its earnings results on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $485.20 million for the quarter, compared to analysts’ expectations of $479.42 million. Deluxe Corporation had a net margin of 11.98% and a return on equity of 27.83%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. Equities analysts expect that Deluxe Corporation will post $5.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, August 17th. Deluxe Corporation’s payout ratio is presently 25.64%.
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A number of analysts have weighed in on DLX shares. Zacks Investment Research raised shares of Deluxe Corporation from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Tuesday, May 2nd. BidaskClub raised shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th.
In other Deluxe Corporation news, Director Ronald C. Baldwin sold 2,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.41, for a total value of $144,820.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John D. Filby sold 18,936 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.21, for a total transaction 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 approximately $3,332,780.34. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
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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