Smith Asset Management Group LP decreased its stake in Deluxe Corp. (NYSE:DLX) by 7.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 53,736 shares of the company’s stock after selling 4,540 shares during the period. Smith Asset Management Group LP owned about 0.11% of Deluxe Corp. worth $3,566,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in 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 last quarter. BlackRock Group LTD boosted its position in Deluxe Corp. by 22.5% in the first quarter. BlackRock Group LTD now owns 35,073 shares of the company’s stock valued at $2,192,000 after buying an additional 6,437 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Deluxe Corp. by 66,383.8% in the second quarter. BNP Paribas Arbitrage SA now owns 24,599 shares of the company’s stock valued at $1,633,000 after buying an additional 24,562 shares in the last quarter. Glenmede Trust Co. NA boosted its position in Deluxe Corp. by 203.5% in the first quarter. Glenmede Trust Co. NA now owns 56,121 shares of the company’s stock valued at $3,505,000 after buying an additional 37,629 shares in the last quarter. Finally, Hartford Investment Management Co. bought a new position in Deluxe Corp. during the second quarter valued at approximately $278,000. Hedge funds and other institutional investors own 90.57% of the company’s stock.
Deluxe Corp. (NYSE:DLX) traded up 2.60% during trading on Thursday, hitting $69.92. 357,921 shares of the stock traded hands. Deluxe Corp. has a one year low of $49.46 and a one year high of $70.26. The company has a market capitalization of $3.41 billion, a P/E ratio of 14.89 and a beta of 1.47. The company’s 50 day moving average is $68.06 and its 200 day moving average is $64.97.
Deluxe Corp. (NYSE:DLX) last posted 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. The firm 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%. Deluxe Corp.’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 EPS. On average, equities analysts forecast that Deluxe Corp. will post $4.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Thursday, August 18th. Deluxe Corp.’s dividend payout ratio is presently 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 target on the stock in a report on Thursday.
In other news, Director Neil Metviner sold 8,000 shares of Deluxe Corp. stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $69.23, for a total value of $553,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is owned by 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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