Stevens Capital Management LP lifted its holdings in shares of Deluxe Corporation (NYSE:DLX) by 41.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,696 shares of the business services provider’s stock after purchasing an additional 10,090 shares during the period. Stevens Capital Management LP owned 0.07% of Deluxe Corporation worth $2,402,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of DLX. BlackRock Inc. lifted its holdings in shares of Deluxe Corporation by 23,073.3% during the first quarter. BlackRock Inc. now owns 5,191,045 shares of the business services provider’s stock worth $374,639,000 after purchasing an additional 5,168,644 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Deluxe Corporation by 9,541.9% during the first quarter. Neuberger Berman Group LLC now owns 273,829 shares of the business services provider’s stock worth $19,762,000 after purchasing an additional 270,989 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Deluxe Corporation by 205.3% during the first quarter. Lazard Asset Management LLC now owns 384,591 shares of the business services provider’s stock worth $27,755,000 after purchasing an additional 258,619 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Deluxe Corporation by 14.1% during the second quarter. Schroder Investment Management Group now owns 1,476,419 shares of the business services provider’s stock worth $101,607,000 after purchasing an additional 182,600 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Deluxe Corporation by 3.9% during the first quarter. Vanguard Group Inc. now owns 4,133,898 shares of the business services provider’s stock worth $298,344,000 after purchasing an additional 155,227 shares during the period. Institutional investors own 91.31% of the company’s stock.
In related news, Director Ronald C. Baldwin sold 2,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.41, for a total transaction of $144,820.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John D. Filby sold 18,936 shares of the stock in a transaction on 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 transaction, 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 currently owned by company insiders.
Separately, BidaskClub upgraded shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st.
Deluxe Corporation (NYSE:DLX) opened at 68.98 on Thursday. The stock’s 50 day moving average is $68.91 and its 200-day moving average is $70.08. Deluxe Corporation has a one year low of $59.47 and a one year high of $75.94. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 14.76 and a beta of 1.36.
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. 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 for the quarter, compared to analyst estimates of $479.42 million. During the same quarter last year, the firm earned $1.20 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts expect that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.
The firm also recently announced 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. This represents a $1.20 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Thursday, August 17th. Deluxe Corporation’s dividend payout ratio is currently 25.64%.
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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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