The Manufacturers Life Insurance Company lessened its stake in Deluxe Corporation (NYSE:DLX) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,204 shares of the business services provider’s stock after selling 333 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.31% of Deluxe Corporation worth $10,328,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flinton Capital Management LLC boosted its holdings in Deluxe Corporation by 52.6% in the 2nd quarter. Flinton Capital Management LLC now owns 2,320 shares of the business services provider’s stock worth $161,000 after acquiring an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Deluxe Corporation by 12.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the business services provider’s stock worth $167,000 after acquiring an additional 276 shares during the period. Riverhead Capital Management LLC boosted its holdings in Deluxe Corporation by 56.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,663 shares of the business services provider’s stock worth $184,000 after acquiring an additional 963 shares during the period. Stifel Financial Corp purchased a new position in Deluxe Corporation in the 2nd quarter worth approximately $201,000. Finally, Alpine Global Management LLC purchased a new position in Deluxe Corporation in the 2nd quarter worth approximately $204,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.
In other Deluxe Corporation news, Director Ronald C. Baldwin sold 2,000 shares of Deluxe Corporation stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.41, for a total value of $144,820.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP John D. Filby sold 18,936 shares of Deluxe Corporation stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.21, for a total value of $1,367,368.56. Following the completion of the transaction, the vice president now directly owns 46,154 shares in the company, valued at $3,332,780.34. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
Deluxe Corporation (DLX) opened at 73.62 on Monday. Deluxe Corporation has a 12-month low of $59.47 and a 12-month high of $75.94. The stock has a market cap of $3.56 billion, a PE ratio of 15.75 and a beta of 1.35. The firm has a 50-day moving average price of $71.33 and a 200-day moving average price of $70.12.
Deluxe Corporation (NYSE:DLX) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 earnings per share for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $479.42 million. During the same period last year, the business earned $1.20 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Analysts forecast that Deluxe Corporation will post $5.25 EPS for the current fiscal year.
Separately, BidaskClub upgraded Deluxe Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th.
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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