Kennedy Capital Management Inc. lifted its stake in Deluxe Corporation (NYSE:DLX) by 0.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187,334 shares of the business services provider’s stock after purchasing an additional 335 shares during the quarter. Kennedy Capital Management Inc. owned 0.39% of Deluxe Corporation worth $12,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the stock. LSV Asset Management increased its holdings in Deluxe Corporation by 5.4% in the second quarter. LSV Asset Management now owns 2,003,550 shares of the business services provider’s stock worth $138,685,000 after buying an additional 103,500 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in Deluxe Corporation by 1.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,442 shares of the business services provider’s stock worth $560,000 after buying an additional 82 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Deluxe Corporation by 2.5% in the second quarter. JPMorgan Chase & Co. now owns 239,588 shares of the business services provider’s stock worth $16,584,000 after buying an additional 5,754 shares during the last quarter. Jensen Investment Management Inc. increased its holdings in Deluxe Corporation by 24.1% in the second quarter. Jensen Investment Management Inc. now owns 8,850 shares of the business services provider’s stock worth $613,000 after buying an additional 1,720 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Deluxe Corporation by 4.0% in the second quarter. Principal Financial Group Inc. now owns 209,248 shares of the business services provider’s stock worth $14,484,000 after buying an additional 7,991 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.
Separately, BidaskClub downgraded Deluxe Corporation from a “hold” rating to a “sell” rating in a report on Sunday, August 6th.
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In other Deluxe Corporation 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 value of $1,367,368.56. Following the sale, the vice president now owns 46,154 shares in the company, valued at approximately $3,332,780.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald C. Baldwin sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were 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. Insiders own 2.40% of the company’s stock.
Deluxe Corporation (NYSE DLX) opened at 70.07 on Friday. Deluxe Corporation has a 12-month low of $59.47 and a 12-month high of $75.94. The firm has a market cap of $3.39 billion, a P/E ratio of 14.99 and a beta of 1.36. The company has a 50-day moving average price of $68.91 and a 200-day moving average price of $70.08.
Deluxe Corporation (NYSE:DLX) last released its earnings results on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.05. The firm had revenue of $485.20 million for 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 business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 EPS. On average, analysts predict that Deluxe Corporation will post $5.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, August 17th. Deluxe Corporation’s payout ratio is 25.64%.
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.
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