Schroder Investment Management Group trimmed its holdings in shares of Deluxe Co. (NYSE:DLX) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,242,819 shares of the business services provider’s stock after selling 58,100 shares during the period. Schroder Investment Management Group’s holdings in Deluxe were worth $95,498,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in DLX. Bank of New York Mellon Corp lifted its stake in Deluxe by 94.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,376,382 shares of the business services provider’s stock valued at $100,420,000 after acquiring an additional 667,085 shares during the period. JPMorgan Chase & Co. lifted its stake in Deluxe by 51.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,680 shares of the business services provider’s stock valued at $26,644,000 after acquiring an additional 124,092 shares during the period. Fort L.P. acquired a new stake in Deluxe during the 3rd quarter valued at approximately $8,820,000. LSV Asset Management lifted its stake in Deluxe by 4.5% during the 4th quarter. LSV Asset Management now owns 2,281,193 shares of the business services provider’s stock valued at $175,286,000 after acquiring an additional 97,360 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in Deluxe by 52.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 160,009 shares of the business services provider’s stock valued at $11,675,000 after acquiring an additional 55,187 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.
Shares of Deluxe Co. (NYSE:DLX) opened at $72.27 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.83 and a current ratio of 0.92. Deluxe Co. has a 12 month low of $66.43 and a 12 month high of $78.87. The company has a market cap of $3,468.96, a P/E ratio of 15.31 and a beta of 1.18.
Deluxe (NYSE:DLX) last announced its quarterly earnings data on Thursday, January 25th. The business services provider reported $1.40 EPS for the quarter, meeting the consensus estimate of $1.40. The business had revenue of $494.90 million during the quarter, compared to analysts’ expectations of $500.75 million. Deluxe had a net margin of 11.71% and a return on equity of 26.80%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.35 EPS. equities research analysts predict that Deluxe Co. will post 5.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, February 16th. Deluxe’s dividend payout ratio (DPR) is 25.42%.
In other news, insider Malcolm Mcroberts sold 5,402 shares of Deluxe stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $76.45, for a total transaction of $412,982.90. Following the completion of the transaction, the insider now directly owns 55,702 shares of the company’s stock, valued at approximately $4,258,417.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Julie M. Loosbrock sold 2,198 shares of Deluxe stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $76.37, for a total transaction of $167,861.26. Following the transaction, the vice president now directly owns 13,286 shares of the company’s stock, valued at $1,014,651.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,630 shares of company stock valued at $2,936,544. Insiders own 2.40% of the company’s stock.
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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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