Signition LP Takes $220,000 Position in Deluxe Co. (DLX)

Signition LP purchased a new stake in Deluxe Co. (NYSE:DLX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,859 shares of the business services provider’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DLX. Stifel Financial Corp bought a new position in shares of Deluxe in the second quarter valued at $201,000. State Street Corp increased its holdings in shares of 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 buying an additional 48,849 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Deluxe in the second quarter valued at $239,000. Verition Fund Management LLC bought a new position in shares of Deluxe in the second quarter valued at $249,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Deluxe by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 38,408 shares of the business services provider’s stock valued at $2,659,000 after buying an additional 241 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

In other Deluxe news, CEO Lee J. Schram sold 33,030 shares of Deluxe stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $71.32, for a total transaction of $2,355,699.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Julie M. Loosbrock sold 2,198 shares of Deluxe stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $76.37, for a total transaction of $167,861.26. Following the transaction, the vice president now owns 13,286 shares in the company, valued at $1,014,651.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,630 shares of company stock worth $2,936,544. Corporate insiders own 2.40% of the company’s stock.

Deluxe Co. (NYSE:DLX) opened at $71.76 on Friday. Deluxe Co. has a 52-week low of $66.43 and a 52-week high of $78.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market cap of $3,416.64, a P/E ratio of 15.20 and a beta of 1.18.

Deluxe (NYSE:DLX) last posted its quarterly earnings data on Thursday, January 25th. The business services provider reported $1.40 earnings per share for the quarter, hitting the consensus estimate of $1.40. Deluxe had a net margin of 11.71% and a return on equity of 26.80%. The firm had revenue of $494.90 million for the quarter, compared to analysts’ expectations of $500.75 million. During the same period in the previous year, the company posted $1.35 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. equities analysts anticipate that Deluxe Co. will post 5.68 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 16th. Deluxe’s payout ratio is 25.42%.

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About Deluxe

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.

Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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