Deluxe Corporation (DLX) Shares Bought by Punch & Associates Investment Management Inc.
Punch & Associates Investment Management Inc. grew its position in shares of Deluxe Corporation (NYSE:DLX) by 26.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,716 shares of the business services provider’s stock after buying an additional 31,003 shares during the quarter. Deluxe Corporation accounts for approximately 1.0% of Punch & Associates Investment Management Inc.’s holdings, making the stock its 24th largest position. Punch & Associates Investment Management Inc. owned approximately 0.31% of Deluxe Corporation worth $10,363,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Deluxe Corporation by 64.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,136 shares of the business services provider’s stock worth $154,000 after acquiring an additional 836 shares during the period. World Asset Management Inc increased its position in Deluxe Corporation by 0.4% during the first quarter. World Asset Management Inc now owns 2,990 shares of the business services provider’s stock valued at $216,000 after acquiring an additional 13 shares during the last quarter. TD Asset Management Inc. increased its position in Deluxe Corporation by 41.7% during the first quarter. TD Asset Management Inc. now owns 10,244 shares of the business services provider’s stock valued at $739,000 after acquiring an additional 3,013 shares during the last quarter. Oxford Asset Management purchased a new stake in Deluxe Corporation during the first quarter valued at $726,000. Finally, Pacer Advisors Inc. increased its position in Deluxe Corporation by 22.0% during the first quarter. Pacer Advisors Inc. now owns 5,408 shares of the business services provider’s stock valued at $390,000 after acquiring an additional 975 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.
Deluxe Corporation (NYSE:DLX) traded up 0.36% during midday trading on Monday, hitting $73.22. 61,821 shares of the stock traded hands. The company has a 50-day moving average of $68.91 and a 200-day moving average of $70.08. The stock has a market cap of $3.54 billion, a PE ratio of 15.67 and a beta of 1.35. Deluxe Corporation has a 12 month low of $59.47 and a 12 month high of $75.94.
Deluxe Corporation (NYSE:DLX) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.05. The company had revenue of $485.20 million during the quarter, compared to analysts’ expectations of $479.42 million. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 earnings per share. On average, equities research analysts anticipate that Deluxe Corporation will post $5.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Thursday, August 17th. Deluxe Corporation’s dividend payout ratio is currently 25.64%.
TRADEMARK VIOLATION WARNING: This piece of content was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/02/deluxe-corporation-dlx-shares-bought-by-punch-associates-investment-management-inc.html.
Separately, BidaskClub downgraded Deluxe Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 29th.
In related news, Director Ronald C. Baldwin sold 2,000 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John D. Filby sold 18,936 shares of the 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 completion of the transaction, the vice president now owns 46,154 shares of the company’s stock, valued at approximately $3,332,780.34. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.
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.
Receive News & Stock Ratings for Deluxe Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe Corporation and related stocks with our FREE daily email newsletter.