Parametric Portfolio Associates LLC Increases Position in Deluxe Corporation (NYSE:DLX)

Parametric Portfolio Associates LLC lifted its position in shares of Deluxe Corporation (NYSE:DLX) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,621 shares of the business services provider’s stock after acquiring an additional 9,591 shares during the period. Parametric Portfolio Associates LLC owned about 0.43% of Deluxe Corporation worth $14,441,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Deluxe Corporation by 12.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the business services provider’s stock valued at $167,000 after acquiring an additional 276 shares in the last quarter. Riverhead Capital Management LLC increased its position in Deluxe Corporation by 56.6% in the second quarter. Riverhead Capital Management LLC now owns 2,663 shares of the business services provider’s stock worth $184,000 after buying an additional 963 shares during the period. World Asset Management Inc increased its position in Deluxe Corporation by 1.2% in the second quarter. World Asset Management Inc now owns 3,027 shares of the business services provider’s stock worth $210,000 after buying an additional 37 shares during the period. Tower Research Capital LLC TRC increased its position in Deluxe Corporation by 2,985.9% in the first quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the business services provider’s stock worth $220,000 after buying an additional 2,956 shares during the period. Finally, Bowling Portfolio Management LLC acquired a new stake in Deluxe Corporation in the second quarter worth $220,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Deluxe Corporation (NYSE DLX) opened at 72.42 on Tuesday. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 15.49 and a beta of 1.35. The firm has a 50-day moving average price of $70.74 and a 200 day moving average price of $70.04. Deluxe Corporation has a 12 month low of $59.47 and a 12 month 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 for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $479.42 million. During the same quarter in the previous year, the business earned $1.20 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that Deluxe Corporation will post $5.25 EPS for the current fiscal year.

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In related news, Director Ronald C. Baldwin sold 2,000 shares of Deluxe Corporation 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John D. Filby sold 18,936 shares of Deluxe Corporation 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 directly owns 46,154 shares in the company, valued at approximately $3,332,780.34. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Separately, BidaskClub lowered Deluxe Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th.

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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