Prudential Financial Inc. raised its stake in Deluxe Corp. (NYSE:DLX) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 417,470 shares of the company’s stock after buying an additional 22,511 shares during the period. Prudential Financial Inc. owned about 0.86% of Deluxe Corp. worth $27,707,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Zebra Capital Management LLC increased its position in shares of Deluxe Corp. by 24.1% in the first quarter. Zebra Capital Management LLC now owns 29,311 shares of the company’s stock valued at $1,832,000 after buying an additional 5,697 shares during the last quarter. M&T Bank Corp increased its position in Deluxe Corp. by 3.3% in the first quarter. M&T Bank Corp now owns 20,646 shares of the company’s stock valued at $1,290,000 after buying an additional 661 shares in the last quarter. Royce & Associates LP purchased a new position in Deluxe Corp. during the first quarter valued at about $2,236,000. NN Investment Partners Holdings N.V. purchased a new position in Deluxe Corp. during the first quarter valued at about $4,197,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in Deluxe Corp. by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,490,636 shares of the company’s stock valued at $93,150,000 after buying an additional 35,076 shares in the last quarter. 90.57% of the stock is owned by hedge funds and other institutional investors.
Deluxe Corp. (NYSE:DLX) traded down 1.52% on Friday, hitting $68.86. The stock had a trading volume of 32,750 shares. The company has a 50-day moving average price of $68.06 and a 200-day moving average price of $64.97. Deluxe Corp. has a 1-year low of $49.46 and a 1-year high of $70.26. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 14.67 and a beta of 1.47.
Deluxe Corp. (NYSE:DLX) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.02. Deluxe Corp. had a return on equity of 31.19% and a net margin of 12.86%. The company had revenue of $450.60 million for the quarter, compared to analyst estimates of $450.56 million. During the same period in the previous year, the company posted $1.13 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. Equities analysts predict that Deluxe Corp. will post $4.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, August 18th. Deluxe Corp.’s dividend payout ratio (DPR) is 25.59%.
Separately, Zacks Investment Research downgraded Deluxe Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th.
In other news, Director Neil Metviner sold 8,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was 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 SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by company insiders.
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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