Bridgeway Capital Management LLC Decreases Stock Holdings in Deluxe Corporation $DLX

Bridgeway Capital Management LLC trimmed its position in shares of Deluxe Corporation (NYSE:DLX) by 8.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 586,598 shares of the business services provider’s stock after selling 52,600 shares during the period. Bridgeway Capital Management LLC’s holdings in Deluxe were worth $13,099,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DLX. AQR Capital Management LLC raised its position in shares of Deluxe by 99.7% in the 2nd quarter. AQR Capital Management LLC now owns 543,359 shares of the business services provider’s stock valued at $8,645,000 after purchasing an additional 271,225 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Deluxe in the 3rd quarter valued at approximately $2,753,000. Charles Schwab Investment Management Inc. raised its position in shares of Deluxe by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,109,656 shares of the business services provider’s stock valued at $24,779,000 after purchasing an additional 136,139 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Deluxe by 248.1% in the 4th quarter. Segall Bryant & Hamill LLC now owns 160,159 shares of the business services provider’s stock valued at $3,576,000 after purchasing an additional 114,144 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Deluxe by 6.2% in the 4th quarter. LSV Asset Management now owns 1,930,885 shares of the business services provider’s stock valued at $43,117,000 after purchasing an additional 113,026 shares during the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DLX. Wall Street Zen upgraded shares of Deluxe from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Zacks Research downgraded shares of Deluxe from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, Weiss Ratings cut shares of Deluxe from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Deluxe Price Performance

Shares of NYSE DLX opened at $23.39 on Thursday. The firm’s 50 day simple moving average is $26.09 and its 200-day simple moving average is $25.41. Deluxe Corporation has a 12 month low of $14.59 and a 12 month high of $32.07. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 0.60 and a beta of 1.25. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.15 and a quick ratio of 1.05.

Deluxe (NYSE:DLX) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. Deluxe had a net margin of 5.01% and a return on equity of 24.11%. The firm had revenue of $538.10 million for the quarter, compared to analysts’ expectations of $534.97 million. During the same quarter last year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. Analysts expect that Deluxe Corporation will post 3.3 EPS for the current year.

Deluxe Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.20 dividend on an annualized basis and a yield of 5.1%. Deluxe’s dividend payout ratio (DPR) is currently 51.28%.

About Deluxe

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.