Ameriprise Financial Inc. increased its position in shares of Deluxe Corporation (NYSE:DLX) by 0.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 774,771 shares of the business services provider’s stock after buying an additional 1,148 shares during the period. Ameriprise Financial Inc. owned 1.60% of Deluxe Corporation worth $53,630,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DLX. Meadow Creek Investment Management LLC raised its stake in Deluxe Corporation by 9.2% during the first quarter. Meadow Creek Investment Management LLC now owns 2,090 shares of the business services provider’s stock worth $151,000 after buying an additional 176 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Deluxe Corporation by 64.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,136 shares of the business services provider’s stock worth $154,000 after buying an additional 836 shares during the last quarter. Riverhead Capital Management LLC raised its stake in Deluxe Corporation by 56.6% during 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 last quarter. World Asset Management Inc raised its stake in Deluxe Corporation by 1.2% during 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 last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Deluxe Corporation by 2,985.9% during 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 last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.
In other Deluxe Corporation news, VP John D. Filby sold 18,936 shares of the company’s 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 completion of the transaction, the vice president now directly owns 46,154 shares in the company, valued at approximately $3,332,780.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald C. Baldwin sold 2,000 shares of the company’s 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 disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Separately, BidaskClub downgraded shares of Deluxe Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th.
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Deluxe Corporation (NYSE:DLX) opened at 68.98 on Thursday. The company has a market cap of $3.34 billion, a P/E ratio of 14.76 and a beta of 1.36. Deluxe Corporation has a 52 week low of $59.47 and a 52 week high of $75.94. The company’s 50-day moving average is $68.91 and its 200-day moving average is $70.08.
Deluxe Corporation (NYSE:DLX) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, beating the Zacks’ 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 period in the prior year, the business posted $1.20 EPS. The firm’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.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, August 17th. This represents a $1.20 dividend on an annualized basis and a yield of 1.74%. Deluxe Corporation’s dividend payout ratio is currently 25.64%.
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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