Tudor Investment Corp ET AL decreased its position in shares of Deluxe Corporation (NYSE:DLX) by 37.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,995 shares of the business services provider’s stock after selling 4,213 shares during the period. Tudor Investment Corp ET AL’s holdings in Deluxe Corporation were worth $505,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in DLX. BlackRock Inc. increased its position in Deluxe Corporation by 23,073.3% in the first quarter. BlackRock Inc. now owns 5,191,045 shares of the business services provider’s stock valued at $374,639,000 after buying an additional 5,168,644 shares in the last quarter. Vanguard Group Inc. increased its position in Deluxe Corporation by 3.9% in the first quarter. Vanguard Group Inc. now owns 4,133,898 shares of the business services provider’s stock valued at $298,344,000 after buying an additional 155,227 shares in the last quarter. LSV Asset Management increased its position in Deluxe Corporation by 4.3% in the first quarter. LSV Asset Management now owns 1,900,050 shares of the business services provider’s stock valued at $137,126,000 after buying an additional 78,223 shares in the last quarter. State Street Corp increased its position in Deluxe Corporation by 1.6% in the first quarter. State Street Corp now owns 1,598,176 shares of the business services provider’s stock valued at $115,345,000 after buying an additional 25,359 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Deluxe Corporation by 8.5% in the first quarter. Ameriprise Financial Inc. now owns 773,623 shares of the business services provider’s stock valued at $55,835,000 after buying an additional 60,898 shares during the last quarter. 93.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of Deluxe Corporation (NYSE:DLX) traded down 0.16% during midday trading on Friday, reaching $70.30. 200,440 shares of the company traded hands. Deluxe Corporation has a 12-month low of $59.47 and a 12-month high of $75.94. The company has a 50-day moving average of $69.90 and a 200 day moving average of $71.33. The firm has a market capitalization of $3.41 billion, a PE ratio of 15.15 and a beta of 1.35.
Deluxe Corporation (NYSE:DLX) last released its quarterly earnings data on Thursday, April 27th. The business services provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The business had revenue of $487.80 million during the quarter, compared to analyst estimates of $474.08 million. Deluxe Corporation had a net margin of 12.14% and a return on equity of 28.48%. Deluxe Corporation’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.19 EPS. On average, equities analysts forecast that Deluxe Corporation will post $5.21 earnings per share for the current year.
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DLX has been the subject of several recent research reports. BidaskClub upgraded Deluxe Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research cut Deluxe Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 4th.
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.
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