Copper Rock Capital Partners LLC acquired a new position in Deluxe Corp. (NYSE:DLX) during the third quarter, Holdings Channel reports. The firm acquired 363,980 shares of the company’s stock, valued at approximately $24,004,000.
Several other hedge funds have also made changes to their positions in DLX. FMR LLC raised its stake in shares of Deluxe Corp. by 8.2% in the second quarter. FMR LLC now owns 4,459,001 shares of the company’s stock worth $295,944,000 after buying an additional 339,794 shares in the last quarter. LSV Asset Management raised its stake in shares of Deluxe Corp. by 13.0% in the second quarter. LSV Asset Management now owns 1,613,605 shares of the company’s stock worth $107,094,000 after buying an additional 185,495 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Deluxe Corp. during the second quarter worth approximately $11,750,000. Falcon Point Capital LLC acquired a new stake in shares of Deluxe Corp. during the second quarter worth approximately $10,236,000. Finally, Nicholas Co. Inc. WI raised its stake in shares of Deluxe Corp. by 186.6% in the second quarter. Nicholas Co. Inc. WI now owns 232,590 shares of the company’s stock worth $15,436,000 after buying an additional 151,440 shares in the last quarter. 90.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of Deluxe Corp. (NYSE:DLX) opened at 66.60 on Friday. Deluxe Corp. has a 52-week low of $49.46 and a 52-week high of $70.26. The firm’s 50-day moving average is $67.83 and its 200 day moving average is $65.49. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 14.19 and a beta of 1.39.
Deluxe Corp. (NYSE:DLX) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.02. Deluxe Corp. had a net margin of 12.86% and a return on equity of 31.19%. The firm earned $450.60 million during the quarter, compared to analyst estimates of $450.56 million. During the same quarter last year, the business earned $1.13 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that Deluxe Corp. will post $4.93 earnings per share for the current year.
Separately, Zacks Investment Research lowered shares of Deluxe Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th.
In other news, Director Neil Metviner sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $69.23, for a total transaction of $553,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company’s stock.
Deluxe Corp. Company Profile
Deluxe Corporation provides payment solutions. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. Its Small Business Services segment offers services for marketing needs of small businesses, including Web design, hosting and other Web services; search engine optimization; marketing services, including e-mail, mobile, social media and other self-service marketing solutions; digital printing services, and logo design.
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