Pacer Advisors Inc. Raises Holdings in Deluxe Corporation (DLX)

Pacer Advisors Inc. boosted its position in Deluxe Corporation (NYSE:DLX) by 18.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,431 shares of the business services provider’s stock after purchasing an additional 1,023 shares during the quarter. Pacer Advisors Inc.’s holdings in Deluxe Corporation were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flinton Capital Management LLC lifted its stake in Deluxe Corporation by 9.2% in the 1st quarter. Flinton Capital Management LLC now owns 1,520 shares of the business services provider’s stock worth $110,000 after purchasing an additional 128 shares in the last quarter. TrimTabs Asset Management LLC increased its holdings in shares of Deluxe Corporation by 89.0% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the business services provider’s stock worth $114,000 after buying an additional 744 shares during the last quarter. Meadow Creek Investment Management LLC increased its holdings in shares of Deluxe Corporation by 9.2% in the 1st quarter. Meadow Creek Investment Management LLC now owns 2,090 shares of the business services provider’s stock worth $151,000 after buying an additional 176 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Deluxe Corporation by 64.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,136 shares of the business services provider’s stock worth $154,000 after buying an additional 836 shares during the last quarter. Finally, Glen Harbor Capital Management LLC increased its holdings in shares of Deluxe Corporation by 9.2% in the 1st quarter. Glen Harbor Capital Management LLC now owns 2,660 shares of the business services provider’s stock worth $192,000 after buying an additional 224 shares during the last quarter. Institutional investors and hedge funds own 91.40% of the company’s stock.

In related news, VP John D. Filby sold 18,936 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.21, for a total transaction of $1,367,368.56. Following the completion of the sale, the vice president now owns 46,154 shares in the company, valued at $3,332,780.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald C. Baldwin sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.41, for a total value of $144,820.00. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Separately, BidaskClub raised shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st.

Shares of Deluxe Corporation (DLX) opened at 69.26 on Friday. The stock has a market cap of $3.35 billion, a PE ratio of 14.82 and a beta of 1.36. Deluxe Corporation has a 12 month low of $59.47 and a 12 month high of $75.94. The firm’s 50-day moving average is $69.14 and its 200 day moving average is $70.22.

Deluxe Corporation (NYSE:DLX) last posted its earnings results on Thursday, July 27th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. The firm had revenue of $485.20 million during the quarter, compared to analysts’ expectations of $479.42 million. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 earnings per share. On average, equities analysts predict that Deluxe Corporation will post $5.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.73%. The ex-dividend date was Thursday, August 17th. Deluxe Corporation’s payout ratio is 25.64%.

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Deluxe Corporation Company Profile

Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.

Institutional Ownership by Quarter for Deluxe Corporation (NYSE:DLX)

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