Cypress Capital LLC increased its stake in shares of Deluxe Co. (NYSE:DLX – Get Rating) by 13.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,841 shares of the business services provider’s stock after acquiring an additional 1,939 shares during the quarter. Cypress Capital LLC’s holdings in Deluxe were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James & Associates grew its position in Deluxe by 6.2% during the 4th quarter. Raymond James & Associates now owns 9,956 shares of the business services provider’s stock worth $320,000 after acquiring an additional 577 shares during the last quarter. Bailard Inc. grew its position in Deluxe by 18.3% during the 1st quarter. Bailard Inc. now owns 9,700 shares of the business services provider’s stock worth $293,000 after acquiring an additional 1,500 shares during the last quarter. Russell Investments Group Ltd. grew its position in Deluxe by 44.4% during the 1st quarter. Russell Investments Group Ltd. now owns 656,594 shares of the business services provider’s stock worth $19,853,000 after acquiring an additional 202,008 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Deluxe by 243.7% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,911 shares of the business services provider’s stock worth $61,000 after buying an additional 1,355 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Deluxe in the 4th quarter worth approximately $347,000. 90.86% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Cowen dropped their price objective on Deluxe from $42.00 to $36.00 in a report on Friday. Cowen dropped their price objective on Deluxe from $42.00 to $36.00 in a report on Friday. Finally, StockNews.com upgraded Deluxe from a “hold” rating to a “buy” rating in a report on Thursday, May 19th.
Deluxe Trading Down 6.9 %
Deluxe (NYSE:DLX – Get Rating) last released its earnings results on Thursday, August 4th. The business services provider reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.06). The firm had revenue of $563.00 million during the quarter, compared to analysts’ expectations of $528.25 million. Deluxe had a net margin of 2.61% and a return on equity of 30.24%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 EPS.
Deluxe Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend is Friday, August 19th. Deluxe’s payout ratio is presently 90.23%.
Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, Australia, South America, and Europe. It operates through four segments: Payments, Cloud Solutions, Promotional Solutions, and Checks. The company provides treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing, and paperless treasury management solutions, as well as payment exchange, and fraud and security services; web hosting and design services, data-driven marketing solutions and hosted solutions, such as digital engagement, logo design, financial institution profitability reporting, and business incorporation services.
- Get a free copy of the StockNews.com research report on Deluxe (DLX)
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