Fifth Third Bancorp Has $1.76 Million Stake in Deluxe Corporation $DLX

Fifth Third Bancorp boosted its holdings in shares of Deluxe Corporation (NYSE:DLX) by 138.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,910 shares of the business services provider’s stock after acquiring an additional 37,152 shares during the quarter. Fifth Third Bancorp owned approximately 0.14% of Deluxe worth $1,760,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Deluxe by 99.7% during the 2nd quarter. AQR Capital Management LLC now owns 543,359 shares of the business services provider’s stock valued at $8,645,000 after purchasing an additional 271,225 shares in the last quarter. Invesco Ltd. increased its position in Deluxe by 56.8% during the fourth quarter. Invesco Ltd. now owns 681,181 shares of the business services provider’s stock worth $15,211,000 after buying an additional 246,767 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in Deluxe by 49.9% during the second quarter. Bridgeway Capital Management LLC now owns 634,447 shares of the business services provider’s stock valued at $10,094,000 after buying an additional 211,109 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Deluxe in the third quarter worth about $2,753,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Deluxe by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,109,656 shares of the business services provider’s stock worth $24,779,000 after acquiring an additional 136,139 shares in the last quarter. 93.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on DLX. Wall Street Zen upgraded Deluxe from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Weiss Ratings cut shares of Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Finally, Zacks Research lowered shares of Deluxe from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Deluxe presently has a consensus rating of “Hold”.

Deluxe Stock Up 0.7%

DLX opened at $26.02 on Thursday. The business has a 50 day moving average of $23.94 and a 200-day moving average of $25.85. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 0.65 and a beta of 1.24. The company has a current ratio of 1.15, a quick ratio of 1.05 and a debt-to-equity ratio of 1.98. Deluxe Corporation has a 1-year low of $15.41 and a 1-year high of $32.07.

Deluxe (NYSE:DLX) last released its earnings results on Wednesday, May 6th. The business services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.91 by $0.14. Deluxe had a net margin of 5.01% and a return on equity of 24.11%. The firm had revenue of $538.10 million during the quarter, compared to analysts’ expectations of $534.97 million. During the same period in the prior year, the company earned $0.75 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. As a group, sell-side analysts anticipate that Deluxe Corporation will post 3.3 earnings per share for the current year.

Deluxe Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, May 19th. Deluxe’s dividend payout ratio is presently 51.28%.

Deluxe Company Profile

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.