Barclays PLC increased its stake in shares of Deluxe Co. (NYSE:DLX) by 24.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,045 shares of the business services provider’s stock after purchasing an additional 11,369 shares during the quarter. Barclays PLC owned approximately 0.12% of Deluxe worth $4,296,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MetLife Investment Advisors LLC purchased a new stake in Deluxe in the fourth quarter valued at about $4,001,000. Balter Liquid Alternatives LLC purchased a new stake in Deluxe in the first quarter valued at about $635,000. Swiss National Bank raised its stake in Deluxe by 2.7% in the fourth quarter. Swiss National Bank now owns 82,400 shares of the business services provider’s stock valued at $6,332,000 after buying an additional 2,200 shares during the last quarter. Stevens Capital Management LP raised its stake in Deluxe by 347.9% in the first quarter. Stevens Capital Management LP now owns 23,858 shares of the business services provider’s stock valued at $1,766,000 after buying an additional 18,531 shares during the last quarter. Finally, Financial Counselors Inc. purchased a new stake in Deluxe in the fourth quarter valued at about $1,508,000. Hedge funds and other institutional investors own 94.10% of the company’s stock.
In other news, CEO Lee J. Schram sold 49,067 shares of the firm’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $71.05, for a total value of $3,486,210.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lee J. Schram sold 500 shares of the firm’s stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $68.00, for a total value of $34,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,622 shares of company stock valued at $4,136,547. 2.30% of the stock is currently owned by company insiders.
Deluxe opened at $67.38 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.95. Deluxe Co. has a one year low of $65.85 and a one year high of $78.87. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 12.79 and a beta of 1.15.
Deluxe (NYSE:DLX) last released its quarterly earnings results on Thursday, April 26th. The business services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.11. Deluxe had a return on equity of 26.43% and a net margin of 12.00%. The company had revenue of $491.90 million during the quarter, compared to analysts’ expectations of $486.05 million. During the same period last year, the business posted $1.25 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. equities analysts predict that Deluxe Co. will post 5.7 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 4th. Shareholders of record on Monday, May 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Friday, May 18th. Deluxe’s dividend payout ratio (DPR) is presently 22.77%.
Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.
Want to see what other hedge funds are holding DLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deluxe Co. (NYSE:DLX).
Receive News & Ratings for Deluxe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe and related companies with MarketBeat.com's FREE daily email newsletter.