FCG Advisors LLC Grows Stake in Deluxe Corporation (DLX)

FCG Advisors LLC grew its position in Deluxe Corporation (NYSE:DLX) by 0.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,604 shares of the business services provider’s stock after buying an additional 1 shares during the quarter. FCG Advisors LLC’s holdings in Deluxe Corporation were worth $249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DLX. Neuberger Berman Group LLC lifted its position in shares of Deluxe Corporation by 2.5% in the second quarter. Neuberger Berman Group LLC now owns 280,669 shares of the business services provider’s stock worth $19,428,000 after purchasing an additional 6,840 shares in the last quarter. American International Group Inc. raised its position in Deluxe Corporation by 4.1% during the first quarter. American International Group Inc. now owns 125,372 shares of the business services provider’s stock valued at $9,048,000 after acquiring an additional 4,899 shares in the last quarter. Renaissance Technologies LLC raised its position in Deluxe Corporation by 354.8% during the first quarter. Renaissance Technologies LLC now owns 132,800 shares of the business services provider’s stock valued at $9,584,000 after acquiring an additional 103,600 shares in the last quarter. Pacer Advisors Inc. raised its position in Deluxe Corporation by 22.0% during the first quarter. Pacer Advisors Inc. now owns 5,408 shares of the business services provider’s stock valued at $390,000 after acquiring an additional 975 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Deluxe Corporation by 18.4% during the second quarter. SG Americas Securities LLC now owns 18,021 shares of the business services provider’s stock valued at $1,247,000 after acquiring an additional 2,799 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

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Separately, BidaskClub raised shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.

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

Deluxe Corporation (NYSE:DLX) opened at 70.07 on Friday. The stock has a 50 day moving average of $68.91 and a 200-day moving average of $70.08. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 14.99 and a beta of 1.36. Deluxe Corporation has a 52-week low of $59.47 and a 52-week high of $75.94.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, August 17th. Deluxe Corporation’s dividend payout ratio (DPR) is presently 25.64%.

About Deluxe Corporation

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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