Deluxe Corporation (DLX) Stake Decreased by Credit Suisse AG

Credit Suisse AG reduced its stake in Deluxe Corporation (NYSE:DLX) by 20.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,154 shares of the business services provider’s stock after selling 16,018 shares during the period. Credit Suisse AG owned 0.13% of Deluxe Corporation worth $4,413,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Flinton Capital Management LLC raised its position 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 valued at $110,000 after buying an additional 128 shares in the last quarter. TrimTabs Asset Management LLC raised its position 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 valued at $114,000 after buying an additional 744 shares in the last quarter. Meadow Creek Investment Management LLC raised its position 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 valued at $151,000 after buying an additional 176 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 valued at $154,000 after buying an additional 836 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised its position 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 valued at $192,000 after buying an additional 224 shares in the last quarter. 93.25% of the stock is owned by hedge funds and other institutional investors.

Deluxe Corporation (NYSE DLX) opened at 67.50 on Friday. Deluxe Corporation has a 1-year low of $59.47 and a 1-year high of $75.94. The firm’s 50-day moving average price is $70.11 and its 200 day moving average price is $71.15. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 14.44 and a beta of 1.35.

Deluxe Corporation (NYSE:DLX) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The business had revenue of $485.20 million during the quarter, compared to the consensus estimate of $479.42 million. During the same period in the prior year, the company earned $1.20 EPS. Deluxe Corporation’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts predict that Deluxe Corporation will post $5.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.20 annualized dividend and a dividend yield of 1.78%. Deluxe Corporation’s dividend payout ratio is currently 25.64%.

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Several research analysts have issued reports on the company. BidaskClub upgraded Deluxe Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Deluxe Corporation from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Tuesday, May 2nd.

In related news, VP John D. Filby sold 18,936 shares of the company’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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ronald C. Baldwin sold 2,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.41, for a total value of $144,820.00. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate 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.

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

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