Deluxe Corp. (DLX) CEO Lee J. Schram Sells 39,312 Shares of Stock
Deluxe Corp. (NYSE:DLX) CEO Lee J. Schram sold 39,312 shares of Deluxe Corp. stock in a transaction on Monday, November 14th. The shares were sold at an average price of $66.43, for a total transaction of $2,611,496.16. Following the completion of the sale, the chief executive officer now directly owns 332,358 shares of the company’s stock, valued at approximately $22,078,541.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Deluxe Corp. (NYSE:DLX) opened at 66.58 on Wednesday. Deluxe Corp. has a one year low of $49.46 and a one year high of $70.26. The company has a 50-day moving average of $64.46 and a 200 day moving average of $65.90. The company has a market cap of $3.24 billion, a P/E ratio of 14.03 and a beta of 1.22.
Deluxe Corp. (NYSE:DLX) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.01. Deluxe Corp. had a net margin of 12.79% and a return on equity of 30.08%. The company earned $458.90 million during the quarter, compared to the consensus estimate of $460.42 million. During the same quarter in the prior year, the firm earned $1.16 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts predict that Deluxe Corp. will post $4.96 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Monday, November 21st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.80%. The ex-dividend date is Thursday, November 17th. Deluxe Corp.’s payout ratio is 25.26%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group boosted its position in shares of Deluxe Corp. by 51.0% in the third quarter. Schroder Investment Management Group now owns 1,285,046 shares of the company’s stock valued at $85,867,000 after buying an additional 434,100 shares during the last quarter. Copper Rock Capital Partners LLC acquired a new position in shares of Deluxe Corp. during the third quarter valued at approximately $24,004,000. FMR LLC boosted its position in shares of Deluxe Corp. by 8.2% in the second quarter. FMR LLC now owns 4,459,001 shares of the company’s stock valued at $295,944,000 after buying an additional 339,794 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Deluxe Corp. by 2,989.9% in the third quarter. Nordea Investment Management AB now owns 314,830 shares of the company’s stock valued at $21,037,000 after buying an additional 304,641 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Deluxe Corp. by 134.5% in the third quarter. Wells Fargo & Company MN now owns 445,891 shares of the company’s stock valued at $29,795,000 after buying an additional 255,768 shares during the last quarter. Institutional investors and hedge funds own 92.00% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Deluxe Corp. from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Monday, October 31st.
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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