Louisiana State Employees Retirement System decreased its position in Deluxe Corp. (NYSE:DLX) by 4.4% during the second quarter, Holdings Channel reports. The firm owned 13,000 shares of the company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Deluxe Corp. were worth $863,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of the company. LS Investment Advisors LLC increased its stake in 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 during the period. Capstone Asset Management Co. increased its stake in 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 during the period. Parametrica Management Ltd acquired a new stake in Deluxe Corp. during the second quarter worth $253,000. Hartford Investment Management Co. acquired a new stake in Deluxe Corp. during the second quarter worth $278,000. Finally, Bayesian Capital Management LP acquired a new stake in Deluxe Corp. during the first quarter worth $283,000. 90.57% of the stock is owned by institutional investors and hedge funds.
Shares of Deluxe Corp. (NYSE:DLX) traded up 0.63% on Thursday, reaching $66.60. 239,862 shares of the company were exchanged. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 14.19 and a beta of 1.39. The company’s 50-day moving average price is $67.83 and its 200 day moving average price is $65.49. Deluxe Corp. has a 12 month low of $49.46 and a 12 month high of $70.26.
Deluxe Corp. (NYSE:DLX) last posted its earnings results on Thursday, July 28th. The company reported $1.20 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 business had revenue of $450.60 million for the quarter, compared to the consensus estimate of $450.56 million. During the same period last year, the company earned $1.13 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts expect that Deluxe Corp. will post $4.93 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were issued 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 yield of 1.80%. Deluxe Corp.’s payout ratio is 25.59%.
Separately, Zacks Investment Research raised shares of Deluxe Corp. from a “hold” rating to a “buy” rating and set a $76.00 price target 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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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