Boston Advisors LLC cut its stake in Deluxe Corp. (NYSE:DLX) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 120,221 shares of the company’s stock after selling 310 shares during the period. Boston Advisors LLC’s holdings in Deluxe Corp. were worth $7,979,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of DLX. BlackRock Institutional Trust Company N.A. boosted its stake in shares of 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 during the period. Wellington Management Group LLP boosted its stake in shares of Deluxe Corp. by 2.8% in the first quarter. Wellington Management Group LLP now owns 523,833 shares of the company’s stock valued at $32,735,000 after buying an additional 14,135 shares during the period. Geode Capital Management LLC boosted its stake in shares of Deluxe Corp. by 2.8% in the first quarter. Geode Capital Management LLC now owns 469,346 shares of the company’s stock valued at $29,329,000 after buying an additional 12,951 shares during the period. Falcon Point Capital LLC acquired a new stake in shares of Deluxe Corp. during the second quarter valued at $10,236,000. Finally, Origin Asset Management LLP boosted its stake in shares of Deluxe Corp. by 18.5% in the first quarter. Origin Asset Management LLP now owns 140,645 shares of the company’s stock valued at $8,789,000 after buying an additional 21,924 shares during the period. Institutional investors and hedge funds own 90.57% of the company’s stock.
Deluxe Corp. (NYSE:DLX) traded down 0.21% during trading on Tuesday, reaching $66.85. 217,087 shares of the company’s stock traded hands. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 14.24 and a beta of 1.47. Deluxe Corp. has a 52-week low of $49.46 and a 52-week high of $70.26. The company’s 50 day moving average is $68.01 and its 200-day moving average is $65.24.
Deluxe Corp. (NYSE:DLX) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.18 by $0.02. The business earned $450.60 million during the quarter, compared to analyst estimates of $450.56 million. Deluxe Corp. had a return on equity of 31.19% and a net margin of 12.86%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.13 earnings per share. On average, analysts anticipate that Deluxe Corp. will post $4.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.80%. The ex-dividend date was Thursday, August 18th. Deluxe Corp.’s dividend payout ratio is currently 25.59%.
Separately, Zacks Investment Research upgraded shares of Deluxe Corp. from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Tuesday, August 2nd.
In other Deluxe Corp. news, Director Neil Metviner sold 8,000 shares of the firm’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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.90% of the company’s stock.
About Deluxe Corp.
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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