Vanguard Group Inc. increased its position in Deluxe Corp. (NYSE:DLX) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,943,177 shares of the company’s stock after buying an additional 25,922 shares during the period. Vanguard Group Inc. owned about 8.08% of Deluxe Corp. worth $261,708,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in DLX. LSV Asset Management boosted its position in shares of Deluxe Corp. by 13.0% in the second quarter. LSV Asset Management now owns 1,613,605 shares of the company’s stock worth $107,094,000 after buying an additional 185,495 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Deluxe Corp. during the second quarter worth about $11,750,000. Falcon Point Capital LLC acquired a new position in shares of Deluxe Corp. during the second quarter worth about $10,236,000. BB&T Corp boosted its position in shares of Deluxe Corp. by 340.1% in the second quarter. BB&T Corp now owns 93,495 shares of the company’s stock worth $6,205,000 after buying an additional 72,251 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of Deluxe Corp. during the first quarter worth about $4,197,000. 90.57% of the stock is currently owned by hedge funds and other institutional investors.
Deluxe Corp. (NYSE:DLX) opened at 66.61 on Wednesday. The stock has a 50 day moving average of $67.75 and a 200-day moving average of $65.68. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 14.19 and a beta of 1.39. 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 Zacks’ 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 net margin of 12.86% and a return on equity of 31.19%. Deluxe Corp.’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. On average, analysts expect that Deluxe Corp. will post $4.93 EPS for the current year.
Separately, Zacks Investment Research cut shares of Deluxe Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th.
In other news, Director Neil Metviner sold 8,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were 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 through the SEC website. 2.90% of the stock is currently 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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