Deluxe Corp. (DLX) Shares Bought by Retirement Systems of Alabama
Retirement Systems of Alabama raised its position in shares of Deluxe Corp. (NYSE:DLX) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,443 shares of the company’s stock after buying an additional 10,076 shares during the period. Retirement Systems of Alabama owned 0.38% of Deluxe Corp. worth $12,308,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. BlackRock Institutional Trust Company N.A. increased its stake in shares of Deluxe Corp. by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,490,636 shares of the company’s stock worth $93,150,000 after buying an additional 35,076 shares in the last quarter. Wellington Management Group LLP increased its stake in Deluxe Corp. by 2.8% in the first quarter. Wellington Management Group LLP now owns 523,833 shares of the company’s stock valued at $32,735,000 after buying an additional 14,135 shares during the period. Geode Capital Management LLC increased its stake in Deluxe Corp. by 2.8% in the first quarter. Geode Capital Management LLC now owns 469,346 shares of the company’s stock valued at $29,329,000 after buying an additional 12,951 shares during the period. Falcon Point Capital LLC purchased a new stake in Deluxe Corp. during the second quarter valued at $10,236,000. Finally, Origin Asset Management LLP increased its stake in Deluxe Corp. by 18.5% in the first quarter. Origin Asset Management LLP now owns 140,645 shares of the company’s stock valued at $8,789,000 after buying an additional 21,924 shares during the period. 90.57% of the stock is currently owned by hedge funds and other institutional investors.
Deluxe Corp. (NYSE:DLX) traded up 0.12% during midday trading on Tuesday, hitting $66.78. The company had a trading volume of 155,202 shares. The firm’s 50 day moving average is $67.87 and its 200-day moving average is $65.48. Deluxe Corp. has a 52 week low of $49.46 and a 52 week high of $70.26. The firm has a market capitalization of $3.26 billion, a P/E ratio of 14.22 and a beta of 1.39.
Deluxe Corp. (NYSE:DLX) last issued its earnings results on Thursday, July 28th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.02. Deluxe Corp. had a net margin of 12.86% and a return on equity of 31.19%. The company had revenue of $450.60 million for the quarter, compared to analysts’ expectations of $450.56 million. During the same quarter last year, the company posted $1.13 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities research analysts expect that Deluxe Corp. will post $4.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.80%. The ex-dividend date was Thursday, August 18th. Deluxe Corp.’s dividend payout ratio is currently 25.59%.
Separately, Zacks Investment Research downgraded Deluxe Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th.
In related news, Director Neil Metviner sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $69.23, for a total value of $553,840.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.90% of the stock is currently owned by corporate insiders.
Deluxe Corp. Company Profile
Deluxe Corporation provides payment solutions. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. Its Small Business Services segment offers services for marketing needs of small businesses, including Web design, hosting and other Web services; search engine optimization; marketing services, including e-mail, mobile, social media and other self-service marketing solutions; digital printing services, and logo design.
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