Deluxe Corporation (DLX) Position Held by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado continued to hold its stake in shares of Deluxe Corporation (NYSE:DLX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,259 shares of the business services provider’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Deluxe Corporation were worth $641,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. Hartford Investment Management Co. increased its stake in shares of Deluxe Corporation by 2.8% in the second quarter. Hartford Investment Management Co. now owns 4,016 shares of the business services provider’s stock valued at $278,000 after buying an additional 110 shares in the last quarter. ING Groep NV acquired a new stake in shares of Deluxe Corporation during the second quarter valued at about $408,000. Investment House LLC increased its stake in shares of Deluxe Corporation by 2.9% in the second quarter. Investment House LLC now owns 74,935 shares of the business services provider’s stock valued at $5,187,000 after buying an additional 2,130 shares in the last quarter. Dubuque Bank & Trust Co. increased its stake in shares of Deluxe Corporation by 6.8% in the second quarter. Dubuque Bank & Trust Co. now owns 6,570 shares of the business services provider’s stock valued at $455,000 after buying an additional 419 shares in the last quarter. Finally, Legato Capital Management LLC acquired a new stake in shares of Deluxe Corporation during the second quarter valued at about $311,000. 92.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Deluxe Corporation (NYSE DLX) opened at 68.17 on Monday. The stock has a market capitalization of $3.30 billion, a P/E ratio of 14.58 and a beta of 1.35. The company has a 50-day moving average price of $70.15 and a 200 day moving average price of $71.00. Deluxe Corporation has a 52 week low of $59.47 and a 52 week high of $75.94.
Deluxe Corporation (NYSE:DLX) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $485.20 million for the quarter, compared to analyst estimates of $479.42 million. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 earnings per share. Analysts forecast that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Thursday, August 17th. Deluxe Corporation’s dividend payout ratio is currently 25.64%.
Several brokerages recently issued reports on DLX. BidaskClub downgraded Deluxe Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, August 6th. Zacks Investment Research raised Deluxe Corporation from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Tuesday, May 2nd.
In related news, VP John D. Filby sold 18,936 shares of Deluxe Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $72.21, for a total value of $1,367,368.56. Following the sale, the vice president now owns 46,154 shares of the company’s stock, valued at $3,332,780.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald C. Baldwin sold 2,000 shares of Deluxe Corporation stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.41, for a total value of $144,820.00. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.
About Deluxe Corporation
Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.
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