Deluxe Corporation (DLX) Position Lessened by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in shares of Deluxe Corporation (NYSE:DLX) by 2.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,049,755 shares of the business services provider’s stock after selling 84,143 shares during the period. Vanguard Group Inc. owned 8.38% of Deluxe Corporation worth $280,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Neuberger Berman Group LLC lifted its stake in shares of Deluxe Corporation by 2.5% during the second quarter. Neuberger Berman Group LLC now owns 280,669 shares of the business services provider’s stock valued at $19,428,000 after buying an additional 6,840 shares during the period. WBI Investments Inc. lifted its stake in shares of Deluxe Corporation by 341.2% during the second quarter. WBI Investments Inc. now owns 122,891 shares of the business services provider’s stock valued at $8,506,000 after buying an additional 95,035 shares during the period. SG Americas Securities LLC lifted its stake in shares of Deluxe Corporation by 18.4% during the second quarter. SG Americas Securities LLC now owns 18,021 shares of the business services provider’s stock valued at $1,247,000 after buying an additional 2,799 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Deluxe Corporation by 354.8% during the first quarter. Renaissance Technologies LLC now owns 132,800 shares of the business services provider’s stock valued at $9,584,000 after buying an additional 103,600 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Deluxe Corporation by 4.0% during the second quarter. Principal Financial Group Inc. now owns 209,248 shares of the business services provider’s stock valued at $14,484,000 after buying an additional 7,991 shares during the period. 91.32% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP John D. Filby sold 18,936 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were 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 $3,332,780.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald C. Baldwin sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.41, for a total transaction of $144,820.00. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

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Deluxe Corporation (DLX) opened at 73.30 on Wednesday. The company’s 50 day moving average is $70.17 and its 200 day moving average is $69.99. The stock has a market cap of $3.54 billion, a P/E ratio of 15.68 and a beta of 1.35. Deluxe Corporation has a 52 week low of $59.47 and a 52 week high of $75.94.

Deluxe Corporation (NYSE:DLX) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, topping 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 net margin of 11.98% and a return on equity of 27.83%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $1.20 earnings per share. Equities analysts predict that Deluxe Corporation will post $5.25 earnings per share for the current year.

Separately, BidaskClub downgraded shares of Deluxe Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th.

Deluxe Corporation 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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Institutional Ownership by Quarter for Deluxe Corporation (NYSE:DLX)

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