Clark Capital Management Group Inc. trimmed its holdings in Deluxe Co. (NYSE:DLX) by 88.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,102 shares of the business services provider’s stock after selling 221,650 shares during the period. Clark Capital Management Group Inc. owned 0.06% of Deluxe worth $2,236,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. First Trust Advisors LP raised its holdings in shares of Deluxe by 21.9% during the 3rd quarter. First Trust Advisors LP now owns 43,149 shares of the business services provider’s stock valued at $3,148,000 after buying an additional 7,758 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Deluxe during the 3rd quarter valued at about $325,000. American Century Companies Inc. raised its holdings in shares of Deluxe by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 244,442 shares of the business services provider’s stock valued at $17,834,000 after buying an additional 31,271 shares during the period. Prudential Financial Inc. raised its holdings in shares of Deluxe by 26.7% during the 3rd quarter. Prudential Financial Inc. now owns 203,912 shares of the business services provider’s stock valued at $14,877,000 after buying an additional 43,010 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Deluxe by 61.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,320 shares of the business services provider’s stock valued at $169,000 after buying an additional 883 shares during the period. 94.30% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Malcolm Mcroberts sold 5,402 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $76.45, for a total transaction of $412,982.90. Following the completion of the sale, the insider now owns 55,702 shares in the company, valued at approximately $4,258,417.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lee J. Schram sold 17,370 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $73.65, for a total value of $1,279,300.50. Following the sale, the chief executive officer now owns 293,242 shares of the company’s stock, valued at approximately $21,597,273.30. The disclosure for this sale can be found here. Insiders have sold 48,159 shares of company stock worth $3,592,415 in the last quarter. 2.40% of the stock is currently owned by corporate insiders.
Deluxe stock traded down $1.87 during mid-day trading on Friday, hitting $74.74. 270,620 shares of the company’s stock traded hands, compared to its average volume of 271,163. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.92 and a quick ratio of 0.82. The company has a market capitalization of $3,581.84, a P/E ratio of 14.18 and a beta of 1.12. Deluxe Co. has a one year low of $66.43 and a one year high of $78.87.
Deluxe (NYSE:DLX) last announced its earnings results on Thursday, January 25th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.40. The company had revenue of $494.90 million for the quarter, compared to analyst estimates of $500.75 million. Deluxe had a return on equity of 26.80% and a net margin of 11.71%. Deluxe’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 earnings per share. research analysts expect that Deluxe Co. will post 5.68 earnings per share for the current fiscal year.
Separately, Sidoti started coverage on Deluxe in a research report on Monday, March 26th. They issued a “buy” rating for the company.
ILLEGAL ACTIVITY WARNING: “Deluxe Co. (NYSE:DLX) Shares Sold by Clark Capital Management Group Inc.” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/08/deluxe-co-dlx-shares-sold-by-clark-capital-management-group-inc.html.
Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.
Receive News & Ratings for Deluxe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe and related companies with MarketBeat.com's FREE daily email newsletter.