Bridgewater Associates LP lowered its holdings in Deluxe Co. (NYSE:DLX) by 57.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,254 shares of the business services provider’s stock after selling 5,835 shares during the period. Bridgewater Associates LP’s holdings in Deluxe were worth $242,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in Deluxe during the 2nd quarter worth approximately $101,000. NumerixS Investment Technologies Inc bought a new position in Deluxe during the 2nd quarter worth approximately $132,000. Stratos Wealth Partners LTD. bought a new position in Deluxe during the 3rd quarter worth approximately $114,000. Tower Research Capital LLC TRC lifted its holdings in Deluxe by 93.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,516 shares of the business services provider’s stock worth $200,000 after buying an additional 1,700 shares during the last quarter. Finally, Commonwealth Bank of Australia bought a new position in Deluxe during the 3rd quarter worth approximately $250,000. 90.38% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Jeffrey Louis Cotter purchased 2,035 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were acquired at an average cost of $49.20 per share, for a total transaction of $100,122.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Keith A. Bush purchased 2,020 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were bought at an average price of $49.60 per share, for a total transaction of $100,192.00. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.
Shares of Deluxe stock opened at $45.91 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.25. The company has a market cap of $2.17 billion, a PE ratio of 8.71 and a beta of 1.00. Deluxe Co. has a twelve month low of $43.72 and a twelve month high of $78.87.
Deluxe (NYSE:DLX) last announced its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. The business had revenue of $493.20 million for the quarter. Deluxe had a return on equity of 26.00% and a net margin of 9.00%. As a group, research analysts expect that Deluxe Co. will post 5.63 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 19th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Friday, November 16th. Deluxe’s payout ratio is 22.77%.
DLX has been the topic of a number of research analyst reports. TheStreet downgraded Deluxe from a “b-” rating to a “c+” rating in a report on Tuesday, August 21st. Buckingham Research dropped their price target on Deluxe from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th.
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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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