Dana Investment Advisors Inc. lowered its stake in shares of Deluxe Co. (NYSE:DLX) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,809 shares of the business services provider’s stock after selling 5,010 shares during the quarter. Dana Investment Advisors Inc. owned about 0.29% of Deluxe worth $10,273,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of DLX. Bank of New York Mellon Corp grew its position in Deluxe by 94.0% during the third quarter. Bank of New York Mellon Corp now owns 1,376,382 shares of the business services provider’s stock worth $100,420,000 after buying an additional 667,085 shares in the last quarter. FMR LLC grew its position in Deluxe by 8.2% during the second quarter. FMR LLC now owns 3,528,134 shares of the business services provider’s stock worth $244,217,000 after buying an additional 267,739 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Deluxe by 57.5% in the 2nd quarter. Nordea Investment Management AB now owns 544,690 shares of the business services provider’s stock valued at $37,703,000 after purchasing an additional 198,931 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Deluxe by 14.1% in the 2nd quarter. Schroder Investment Management Group now owns 1,476,419 shares of the business services provider’s stock valued at $101,607,000 after purchasing an additional 182,600 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Deluxe by 51.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 363,680 shares of the business services provider’s stock valued at $26,644,000 after purchasing an additional 124,092 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.
In other Deluxe news, CEO Lee J. Schram sold 33,030 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $71.32, for a total value of $2,355,699.60. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.40% of the company’s stock.
Shares of Deluxe Co. (NYSE DLX) opened at $74.56 on Wednesday. The firm has a market capitalization of $3,580.00, a price-to-earnings ratio of 13.84 and a beta of 1.35. Deluxe Co. has a twelve month low of $66.43 and a twelve month high of $75.94. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.75.
Deluxe (NYSE:DLX) last issued its earnings results on Thursday, October 26th. The business services provider reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.07. The firm had revenue of $497.70 million for the quarter, compared to the consensus estimate of $487.77 million. Deluxe had a return on equity of 27.56% and a net margin of 10.24%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 20th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Friday, November 17th. Deluxe’s dividend payout ratio is presently 29.41%.
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Deluxe 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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