Investment House LLC lifted its position in shares of Deluxe Co. (NYSE:DLX) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,495 shares of the business services provider’s stock after purchasing an additional 2,760 shares during the period. Investment House LLC’s holdings in Deluxe were worth $1,770,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in DLX. Martingale Asset Management L P boosted its position in Deluxe by 71.2% in the third quarter. Martingale Asset Management L P now owns 9,616 shares of the business services provider’s stock worth $548,000 after purchasing an additional 3,998 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Deluxe in the third quarter worth $6,705,000. LPL Financial LLC purchased a new position in Deluxe in the third quarter worth $417,000. Teachers Advisors LLC boosted its position in Deluxe by 2.0% in the third quarter. Teachers Advisors LLC now owns 91,981 shares of the business services provider’s stock worth $5,237,000 after purchasing an additional 1,835 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Deluxe by 1.1% in the third quarter. Vanguard Group Inc. now owns 4,356,841 shares of the business services provider’s stock worth $248,078,000 after purchasing an additional 48,461 shares during the last quarter. 91.21% of the stock is owned by institutional investors and hedge funds.
DLX stock opened at $41.78 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.03 and a current ratio of 1.21. Deluxe Co. has a 1-year low of $36.70 and a 1-year high of $71.81. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 7.34 and a beta of 1.33.
Deluxe (NYSE:DLX) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.44. Deluxe had a return on equity of 27.70% and a net margin of 6.67%. The business had revenue of $499.10 million for the quarter, compared to analysts’ expectations of $497.17 million. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. As a group, research analysts predict that Deluxe Co. will post 6.42 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be given a $0.30 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.20 annualized dividend and a yield of 2.87%. Deluxe’s dividend payout ratio is currently 21.09%.
Separately, Zacks Investment Research raised Deluxe from a “sell” rating to a “hold” rating in a research report on Monday, January 21st.
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.
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