Swiss National Bank maintained its position in Deluxe Corporation (NYSE:DLX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,200 shares of the business services provider’s stock at the close of the 2nd quarter. Swiss National Bank owned approximately 0.17% of Deluxe Corporation worth $5,551,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC lifted its holdings in shares of Deluxe Corporation by 9.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,090 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 176 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Deluxe Corporation by 64.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,136 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 836 shares in the last quarter. World Asset Management Inc lifted its holdings in shares of Deluxe Corporation by 0.4% in the first quarter. World Asset Management Inc now owns 2,990 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 13 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of 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 valued at $220,000 after purchasing an additional 2,956 shares in the last quarter. Finally, Bowling Portfolio Management LLC purchased a new stake in shares of Deluxe Corporation in the second quarter valued at about $220,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.
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 (NYSE DLX) opened at 68.20 on Wednesday. The stock has a market cap of $3.30 billion, a P/E ratio of 14.59 and a beta of 1.36. Deluxe Corporation has a one year low of $59.47 and a one year high of $75.94. The firm has a 50 day moving average of $68.91 and a 200 day moving average of $70.08.
Deluxe Corporation (NYSE:DLX) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.05. Deluxe Corporation had a net margin of 11.98% and a return on equity of 27.83%. The company had revenue of $485.20 million during the quarter, compared to analyst estimates of $479.42 million. During the same quarter last year, the firm posted $1.20 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts predict that Deluxe Corporation will post $5.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 17th. This represents a $1.20 annualized dividend and a dividend yield of 1.76%. Deluxe Corporation’s dividend payout ratio (DPR) is 25.64%.
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In other news, VP John D. Filby sold 18,936 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.21, for a total transaction of $1,367,368.56. Following the completion of the transaction, the vice president now owns 46,154 shares in the company, valued at approximately $3,332,780.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ronald C. Baldwin sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.41, for a total transaction of $144,820.00. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
Deluxe Corporation 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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