Deluxe Co. (DLX) Stake Decreased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lowered its stake in shares of Deluxe Co. (NYSE:DLX) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,600 shares of the business services provider’s stock after selling 1,600 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Deluxe were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Bedel Financial Consulting Inc. bought a new stake in Deluxe in the fourth quarter worth about $32,000. Quantamental Technologies LLC bought a new stake in Deluxe in the fourth quarter worth about $61,000. Cubic Asset Management LLC raised its position in Deluxe by 66.1% in the fourth quarter. Cubic Asset Management LLC now owns 34,687 shares of the business services provider’s stock worth $1,333,000 after acquiring an additional 13,802 shares in the last quarter. Personal Resources Investment & Strategic Management Inc. raised its position in Deluxe by 119.3% in the fourth quarter. Personal Resources Investment & Strategic Management Inc. now owns 50,726 shares of the business services provider’s stock worth $1,950,000 after acquiring an additional 27,596 shares in the last quarter. Finally, Eukles Asset Management bought a new stake in Deluxe in the fourth quarter worth about $155,000. 91.20% of the stock is owned by institutional investors and hedge funds.

Several brokerages have commented on DLX. Buckingham Research dropped their price target on shares of Deluxe from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. ValuEngine cut Deluxe from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 11th. Finally, Zacks Investment Research raised Deluxe from a “sell” rating to a “hold” rating in a research note on Monday, January 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $52.00.

Shares of DLX opened at $48.27 on Monday. The stock has a market capitalization of $2.24 billion, a P/E ratio of 8.48 and a beta of 1.36. Deluxe Co. has a 1-year low of $36.70 and a 1-year high of $76.95. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.18.

Deluxe (NYSE:DLX) last issued its quarterly earnings results on Thursday, January 24th. The business services provider reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.07. The firm had revenue of $524.70 million for the quarter, compared to analysts’ expectations of $522.60 million. Deluxe had a return on equity of 26.85% and a net margin of 7.80%. Deluxe’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. As a group, equities analysts forecast that Deluxe Co. will post 5.46 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Investors of record on Tuesday, February 19th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.49%. Deluxe’s dividend payout ratio is currently 21.09%.

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Deluxe 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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Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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