Deluxe Co. (NYSE:DLX) CEO Lee J. Schram sold 6,309 shares of the business’s stock in a transaction on Monday, June 18th. The shares were sold at an average price of $68.07, for a total transaction of $429,453.63. Following the sale, the chief executive officer now owns 268,181 shares of the company’s stock, valued at $18,255,080.67. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Lee J. Schram also recently made the following trade(s):
- On Monday, June 4th, Lee J. Schram sold 500 shares of Deluxe stock. The shares were sold at an average price of $68.00, for a total transaction of $34,000.00.
Shares of DLX stock opened at $67.51 on Friday. Deluxe Co. has a 1 year low of $65.85 and a 1 year high of $78.87. The company has a quick ratio of 0.95, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. The firm has a market cap of $3.23 billion, a PE ratio of 12.81 and a beta of 1.15.
Deluxe (NYSE:DLX) last issued its quarterly earnings data on Thursday, April 26th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.11. Deluxe had a net margin of 12.00% and a return on equity of 26.43%. The firm had revenue of $491.90 million during the quarter, compared to the consensus estimate of $486.05 million. During the same quarter in the previous year, the firm posted $1.25 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year. sell-side analysts forecast that Deluxe Co. will post 5.7 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 4th. Stockholders of record on Monday, May 21st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, May 18th. Deluxe’s payout ratio is 22.77%.
Separately, Sidoti assumed coverage on shares of Deluxe in a research note on Monday, March 26th. They set a “buy” rating for the company.
Several hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Deluxe by 29.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,128 shares of the business services provider’s stock worth $240,000 after buying an additional 716 shares during the period. Teacher Retirement System of Texas boosted its holdings in Deluxe by 314.0% in the 4th quarter. Teacher Retirement System of Texas now owns 16,550 shares of the business services provider’s stock worth $1,272,000 after buying an additional 12,552 shares during the period. California Public Employees Retirement System boosted its holdings in Deluxe by 3.6% in the 4th quarter. California Public Employees Retirement System now owns 111,411 shares of the business services provider’s stock worth $8,561,000 after buying an additional 3,920 shares during the period. Swiss National Bank boosted its holdings in Deluxe by 2.7% in the 4th quarter. Swiss National Bank now owns 82,400 shares of the business services provider’s stock worth $6,332,000 after buying an additional 2,200 shares during the period. Finally, New Mexico Educational Retirement Board bought a new position in Deluxe in the 4th quarter worth $922,000. 94.05% of the stock is owned by hedge funds and other institutional investors.
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.
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