Baird Financial Group Inc. lifted its holdings in Deluxe Co. (NYSE:DLX) by 3.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 73,990 shares of the business services provider’s stock after purchasing an additional 2,142 shares during the quarter. Baird Financial Group Inc.’s holdings in Deluxe were worth $4,101,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Deluxe by 9.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,345,390 shares of the business services provider’s stock valued at $76,606,000 after purchasing an additional 121,542 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Deluxe by 15.0% during the third quarter. Quantbot Technologies LP now owns 43,867 shares of the business services provider’s stock valued at $2,497,000 after purchasing an additional 5,731 shares during the last quarter. Credit Suisse AG lifted its holdings in shares of Deluxe by 159.9% during the third quarter. Credit Suisse AG now owns 316,196 shares of the business services provider’s stock valued at $18,005,000 after purchasing an additional 194,528 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Deluxe by 2,091.1% during the third quarter. Canada Pension Plan Investment Board now owns 370,300 shares of the business services provider’s stock valued at $21,085,000 after purchasing an additional 353,400 shares during the last quarter. Finally, Affinity Investment Advisors LLC lifted its holdings in shares of Deluxe by 75.4% during the third quarter. Affinity Investment Advisors LLC now owns 9,368 shares of the business services provider’s stock valued at $533,000 after purchasing an additional 4,027 shares during the last quarter. 90.38% of the stock is owned by institutional investors.
Several equities research analysts have recently commented on DLX shares. TheStreet downgraded Deluxe from a “b-” rating to a “c+” rating in a report on Tuesday, August 21st. Buckingham Research initiated coverage on Deluxe in a research note on Friday, October 12th. They issued a “neutral” rating and a $56.00 price objective for the company.
Shares of Deluxe stock opened at $46.71 on Friday. The stock has a market capitalization of $2.17 billion, a P/E ratio of 8.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.25 and a quick ratio of 1.12. Deluxe Co. has a 1 year low of $43.72 and a 1 year high of $78.87.
Deluxe (NYSE:DLX) last announced its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.08. The firm had revenue of $493.20 million during the quarter. Deluxe had a return on equity of 26.00% and a net margin of 9.00%. On average, research analysts forecast that Deluxe Co. will post 5.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 19th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.57%. The ex-dividend date was Friday, November 16th. Deluxe’s dividend payout ratio is currently 22.77%.
In other Deluxe news, insider Keith A. Bush acquired 2,020 shares of Deluxe stock in a transaction that occurred on Wednesday, November 7th. The stock was purchased at an average cost of $49.60 per share, with a total value of $100,192.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeffrey Louis Cotter acquired 2,035 shares of Deluxe stock in a transaction that occurred on Wednesday, November 7th. The stock was acquired at an average cost of $49.20 per share, with a total value of $100,122.00. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.
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Deluxe Company Profile
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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