Kendall Capital Management Has $1.15 Million Position in Deluxe Co. (NYSE:DLX)

Kendall Capital Management increased its holdings in shares of Deluxe Co. (NYSE:DLX) by 64.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,686 shares of the business services provider’s stock after acquiring an additional 19,910 shares during the period. Kendall Capital Management owned about 0.11% of Deluxe worth $1,145,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Deluxe by 16.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 186,766 shares of the business services provider’s stock valued at $3,640,000 after acquiring an additional 26,473 shares in the last quarter. Arjuna Capital acquired a new stake in shares of Deluxe during the 3rd quarter valued at about $1,490,000. Jane Street Group LLC boosted its position in shares of Deluxe by 10.0% during the 3rd quarter. Jane Street Group LLC now owns 115,280 shares of the business services provider’s stock valued at $2,247,000 after acquiring an additional 10,447 shares in the last quarter. Barclays PLC boosted its position in shares of Deluxe by 73.2% during the 3rd quarter. Barclays PLC now owns 148,447 shares of the business services provider’s stock valued at $2,893,000 after acquiring an additional 62,715 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Deluxe by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,028,079 shares of the business services provider’s stock valued at $20,041,000 after purchasing an additional 17,583 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DLX shares. StockNews.com raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a report on Friday. Sidoti raised shares of Deluxe to a “hold” rating in a report on Thursday, January 30th.

Deluxe Trading Up 2.4 %

Shares of DLX stock opened at $16.36 on Friday. Deluxe Co. has a 12-month low of $15.13 and a 12-month high of $24.87. The company has a market capitalization of $726.89 million, a P/E ratio of 13.86, a P/E/G ratio of 0.52 and a beta of 1.46. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 2.36. The firm has a 50-day moving average price of $20.26 and a 200 day moving average price of $20.69.

Deluxe (NYSE:DLX) last announced its earnings results on Wednesday, February 5th. The business services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). Deluxe had a return on equity of 21.33% and a net margin of 2.49%. Research analysts forecast that Deluxe Co. will post 2.77 earnings per share for the current fiscal year.

Deluxe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date was Tuesday, February 18th. Deluxe’s dividend payout ratio is presently 101.69%.

About Deluxe

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.