Deluxe Co. (NYSE:DLX) shares reached a new 52-week high during trading on Friday . The company traded as high as $77.20 and last traded at $76.61, with a volume of 153600 shares traded. The stock had previously closed at $76.44.
The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $3,686.59, a P/E ratio of 18.83 and a beta of 1.35.
Deluxe (NYSE:DLX) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. Deluxe had a return on equity of 27.56% and a net margin of 10.24%. The company had revenue of $497.70 million for the quarter, compared to analysts’ expectations of $487.77 million. During the same period in the prior year, the firm earned $1.22 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 20th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Friday, November 17th. Deluxe’s dividend payout ratio (DPR) is 29.41%.
In other Deluxe news, CEO Lee J. Schram sold 33,030 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was 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 can be accessed through the SEC website. 2.40% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Deluxe by 8.2% during the second quarter. FMR LLC now owns 3,528,134 shares of the business services provider’s stock worth $244,217,000 after purchasing an additional 267,739 shares in the last quarter. LSV Asset Management increased its position in shares of Deluxe by 5.4% during the second quarter. LSV Asset Management now owns 2,003,550 shares of the business services provider’s stock worth $138,685,000 after acquiring an additional 103,500 shares during the period. State Street Corp increased its position in shares of Deluxe by 3.1% during the second quarter. State Street Corp now owns 1,647,025 shares of the business services provider’s stock worth $114,012,000 after acquiring an additional 48,849 shares during the period. Schroder Investment Management Group increased its position in shares of Deluxe by 14.1% during the second quarter. Schroder Investment Management Group now owns 1,476,419 shares of the business services provider’s stock worth $101,607,000 after acquiring an additional 182,600 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Deluxe by 94.0% during the third quarter. Bank of New York Mellon Corp now owns 1,376,382 shares of the business services provider’s stock worth $100,420,000 after acquiring an additional 667,085 shares during the period. Institutional investors own 92.70% of the company’s stock.
Deluxe 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.
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