Deluxe Corporation (DLX) Stake Raised by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. raised its holdings in Deluxe Corporation (NYSE:DLX) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 321,846 shares of the business services provider’s stock after buying an additional 18,043 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.66% of Deluxe Corporation worth $22,279,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. American International Group Inc. grew its position in shares of Deluxe Corporation by 4.1% in the 1st quarter. American International Group Inc. now owns 125,372 shares of the business services provider’s stock worth $9,048,000 after buying an additional 4,899 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Deluxe Corporation by 354.8% in the 1st quarter. Renaissance Technologies LLC now owns 132,800 shares of the business services provider’s stock worth $9,584,000 after buying an additional 103,600 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Deluxe Corporation by 22.0% in the 1st quarter. Pacer Advisors Inc. now owns 5,408 shares of the business services provider’s stock worth $390,000 after buying an additional 975 shares during the last quarter. BlackRock Inc. grew its position in shares of Deluxe Corporation by 23,073.3% in the 1st quarter. BlackRock Inc. now owns 5,191,045 shares of the business services provider’s stock worth $374,639,000 after buying an additional 5,168,644 shares during the last quarter. Finally, WBI Investments Inc. bought a new stake in shares of Deluxe Corporation in the 1st quarter worth approximately $2,010,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.
In other Deluxe Corporation news, VP John D. Filby sold 18,936 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.21, for a total transaction of $1,367,368.56. Following the sale, the vice president now owns 46,154 shares of the company’s stock, valued at approximately $3,332,780.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald C. Baldwin sold 2,000 shares of the stock in a transaction on 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 owned by corporate insiders.
Shares of Deluxe Corporation (DLX) opened at 68.67 on Tuesday. Deluxe Corporation has a 12 month low of $59.47 and a 12 month high of $75.94. The stock has a 50 day moving average price of $69.02 and a 200-day moving average price of $70.12. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 14.69 and a beta of 1.36.
Deluxe Corporation (NYSE:DLX) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The company had revenue of $485.20 million for the quarter, compared to analysts’ expectations of $479.42 million. During the same quarter in the prior year, the firm earned $1.20 earnings per share. Deluxe Corporation’s revenue was up 7.7% compared to the same quarter last year. Analysts expect that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were paid a $0.30 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.20 annualized dividend and a yield of 1.75%. Deluxe Corporation’s dividend payout ratio (DPR) is currently 25.64%.
Separately, BidaskClub upgraded Deluxe Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.
Deluxe Corporation Profile
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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