Mitsubishi UFJ Asset Management Co. Ltd. Has $213,000 Stake in Deluxe Corporation $DLX

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Deluxe Corporation (NYSE:DLX) by 69.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,378 shares of the business services provider’s stock after purchasing an additional 5,504 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Deluxe were worth $213,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. LSV Asset Management lifted its stake in Deluxe by 1.7% in the first quarter. LSV Asset Management now owns 1,848,739 shares of the business services provider’s stock valued at $29,229,000 after buying an additional 30,608 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Deluxe by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 620,107 shares of the business services provider’s stock worth $9,866,000 after acquiring an additional 9,804 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Deluxe by 1.7% during the 1st quarter. Russell Investments Group Ltd. now owns 512,958 shares of the business services provider’s stock worth $8,110,000 after buying an additional 8,339 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Deluxe by 25.6% during the 1st quarter. Royal Bank of Canada now owns 505,810 shares of the business services provider’s stock worth $7,996,000 after buying an additional 102,948 shares during the period. Finally, Bridgeway Capital Management LLC grew its stake in Deluxe by 1.1% in the 1st quarter. Bridgeway Capital Management LLC now owns 423,338 shares of the business services provider’s stock valued at $6,693,000 after buying an additional 4,714 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wall Street Zen upgraded Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Deluxe in a report on Wednesday, October 8th. Finally, Cowen restated a “buy” rating on shares of Deluxe in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Deluxe Price Performance

Shares of NYSE DLX opened at $20.17 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $907.68 million, a PE ratio of 15.63, a PEG ratio of 0.50 and a beta of 1.47. The stock’s 50 day moving average price is $19.20 and its 200-day moving average price is $17.44. Deluxe Corporation has a twelve month low of $13.61 and a twelve month high of $24.30.

Deluxe (NYSE:DLX) last announced its quarterly earnings data on Wednesday, March 23rd. The business services provider reported $1.38 earnings per share for the quarter. The business had revenue of $454.49 million during the quarter. Deluxe had a return on equity of 21.12% and a net margin of 2.75%. On average, equities analysts anticipate that Deluxe Corporation will post 2.77 EPS for the current year.

Deluxe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, November 17th. Deluxe’s dividend payout ratio (DPR) is 65.57%.

Deluxe Company Profile

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.