PNC Financial Services Group Inc. cut its position in shares of Deluxe Corp. (NYSE:DLX) by 20.7% during the second quarter, Holdings Channel reports. The firm owned 4,495 shares of the company’s stock after selling 1,174 shares during the period. PNC Financial Services Group Inc.’s holdings in Deluxe Corp. were worth $298,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. LS Investment Advisors LLC raised its position in shares of Deluxe Corp. by 74.1% in the second quarter. LS Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $200,000 after buying an additional 1,285 shares in the last quarter. BB&T Securities LLC purchased a new position in shares of Deluxe Corp. during the second quarter worth approximately $201,000. Huntington National Bank raised its position in shares of Deluxe Corp. by 57.2% in the second quarter. Huntington National Bank now owns 3,076 shares of the company’s stock worth $204,000 after buying an additional 1,119 shares in the last quarter. Investors Capital Advisory Services purchased a new position in shares of Deluxe Corp. during the second quarter worth approximately $227,000. Finally, Capstone Asset Management Co. raised its position in shares of Deluxe Corp. by 5.1% in the second quarter. Capstone Asset Management Co. now owns 3,540 shares of the company’s stock worth $235,000 after buying an additional 171 shares in the last quarter. Institutional investors and hedge funds own 90.57% of the company’s stock.
Deluxe Corp. (NYSE:DLX) traded up 1.79% during mid-day trading on Friday, hitting $67.13. The stock had a trading volume of 111,319 shares. The stock has a market capitalization of $3.27 billion, a P/E ratio of 14.30 and a beta of 1.47. The company’s 50 day moving average is $67.92 and its 200-day moving average is $65.26. Deluxe Corp. has a 52 week low of $49.46 and a 52 week high of $70.26.
Deluxe Corp. (NYSE:DLX) last announced its earnings results on Thursday, July 28th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.02. The company had revenue of $450.60 million for the quarter, compared to analysts’ expectations of $450.56 million. Deluxe Corp. had a return on equity of 31.19% and a net margin of 12.86%. Deluxe Corp.’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 earnings per share. On average, analysts expect that Deluxe Corp. will post $4.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.82%. Deluxe Corp.’s payout ratio is 25.59%.
Separately, Zacks Investment Research lowered Deluxe Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th.
In related news, Director Neil Metviner sold 8,000 shares of Deluxe Corp. stock in a transaction that occurred 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 legal filing with the SEC, which is accessible through this hyperlink. Corporate 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.
Want to see what other hedge funds are holding DLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deluxe Corp. (NYSE:DLX).
Receive News & Ratings for Deluxe Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe Corp. and related companies with MarketBeat.com's FREE daily email newsletter.