Zurcher Kantonalbank Zurich Cantonalbank Has $167,000 Holdings in Deluxe Corporation (DLX)
Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Deluxe Corporation (NYSE:DLX) by 12.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,412 shares of the business services provider’s stock after buying an additional 276 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Deluxe Corporation were worth $167,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of DLX. Meadow Creek Investment Management LLC boosted its position in Deluxe Corporation by 9.2% during the first quarter. Meadow Creek Investment Management LLC now owns 2,090 shares of the business services provider’s stock valued at $151,000 after buying an additional 176 shares during the period. World Asset Management Inc boosted its position in Deluxe Corporation by 1.2% during the second quarter. World Asset Management Inc now owns 3,027 shares of the business services provider’s stock valued at $210,000 after buying an additional 37 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Deluxe Corporation by 2,985.9% during the first quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the business services provider’s stock worth $220,000 after purchasing an additional 2,956 shares during the period. Bowling Portfolio Management LLC purchased a new stake in shares of Deluxe Corporation during the second quarter worth about $220,000. Finally, TrimTabs Asset Management LLC boosted its holdings in shares of Deluxe Corporation by 105.0% during the second quarter. TrimTabs Asset Management LLC now owns 3,239 shares of the business services provider’s stock worth $224,000 after purchasing an additional 1,659 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.
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Separately, BidaskClub upgraded shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th.
Shares of Deluxe Corporation (NYSE DLX) opened at 68.67 on Tuesday. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 14.69 and a beta of 1.36. Deluxe Corporation has a 12-month low of $59.47 and a 12-month high of $75.94. The stock’s 50 day moving average is $69.02 and its 200-day moving average is $70.12.
Deluxe Corporation (NYSE:DLX) last posted its earnings results on Thursday, July 27th. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. Deluxe Corporation had a net margin of 11.98% and a return on equity of 27.83%. The firm had revenue of $485.20 million for the quarter, compared to the consensus estimate of $479.42 million. During the same period in the previous year, the firm posted $1.20 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts expect that Deluxe Corporation will post $5.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were issued a $0.30 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.75%. Deluxe Corporation’s dividend payout ratio (DPR) is presently 25.64%.
In related news, Director Ronald C. Baldwin sold 2,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.41, for a total transaction of $144,820.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP John D. Filby sold 18,936 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.21, for a total transaction of $1,367,368.56. Following the transaction, the vice president now owns 46,154 shares in the company, valued at $3,332,780.34. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
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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