Copper Rock Capital Partners LLC Buys Shares of 363,980 Deluxe Corp. (DLX)
Copper Rock Capital Partners LLC bought a new position in shares of Deluxe Corp. (NYSE:DLX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 363,980 shares of the company’s stock, valued at approximately $24,004,000. Copper Rock Capital Partners LLC owned about 0.75% of Deluxe Corp. at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC raised its position in Deluxe Corp. by 8.2% in the second quarter. FMR LLC now owns 4,459,001 shares of the company’s stock worth $295,944,000 after buying an additional 339,794 shares during the last quarter. Vanguard Group Inc. raised its position in Deluxe Corp. by 0.7% in the second quarter. Vanguard Group Inc. now owns 3,943,177 shares of the company’s stock worth $261,708,000 after buying an additional 25,922 shares during the last quarter. BlackRock Fund Advisors raised its position in Deluxe Corp. by 2.3% in the second quarter. BlackRock Fund Advisors now owns 2,449,966 shares of the company’s stock worth $162,604,000 after buying an additional 55,334 shares during the last quarter. LSV Asset Management raised its position in Deluxe Corp. by 13.0% in the second quarter. LSV Asset Management now owns 1,613,605 shares of the company’s stock worth $107,094,000 after buying an additional 185,495 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in 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 during the last quarter. Institutional investors and hedge funds own 90.57% of the company’s stock.
Shares of Deluxe Corp. (NYSE:DLX) opened at 66.60 on Friday. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 14.19 and a beta of 1.39. Deluxe Corp. has a 52-week low of $49.46 and a 52-week high of $70.26. The firm has a 50-day moving average of $67.83 and a 200 day moving average of $65.49.
Deluxe Corp. (NYSE:DLX) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.02. The business had revenue of $450.60 million for the quarter, compared to analyst estimates of $450.56 million. Deluxe Corp. had a net margin of 12.86% and a return on equity of 31.19%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Analysts predict that Deluxe Corp. will post $4.93 EPS for the current year.
Separately, Zacks Investment Research lowered shares of Deluxe Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th.
In other news, Director Neil Metviner sold 8,000 shares of the business’s stock in a transaction 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 document filed with the SEC, which is accessible through this link. 2.90% of the stock is currently owned by insiders.
About Deluxe Corp.
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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