Deluxe Corporation (DLX) Shares Bought by Franklin Resources Inc.
Franklin Resources Inc. raised its stake in Deluxe Corporation (NYSE:DLX) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,444 shares of the business services provider’s stock after purchasing an additional 444 shares during the period. Franklin Resources Inc.’s holdings in Deluxe Corporation were worth $516,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Deluxe Corporation by 23,073.3% during the first quarter. BlackRock Inc. now owns 5,191,045 shares of the business services provider’s stock valued at $374,639,000 after purchasing an additional 5,168,644 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Deluxe Corporation by 9,541.9% during the 1st quarter. Neuberger Berman Group LLC now owns 273,829 shares of the business services provider’s stock worth $19,762,000 after purchasing an additional 270,989 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Deluxe Corporation by 205.3% during the 1st quarter. Lazard Asset Management LLC now owns 384,591 shares of the business services provider’s stock worth $27,755,000 after purchasing an additional 258,619 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Deluxe Corporation by 14.1% during the 2nd quarter. Schroder Investment Management Group now owns 1,476,419 shares of the business services provider’s stock worth $101,607,000 after purchasing an additional 182,600 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Deluxe Corporation by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 4,133,898 shares of the business services provider’s stock worth $298,344,000 after purchasing an additional 155,227 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub upgraded Deluxe Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th.
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In related news, VP John D. Filby sold 18,936 shares of the company’s stock in a transaction on 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 directly owns 46,154 shares of the company’s stock, valued at $3,332,780.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ronald C. Baldwin sold 2,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was 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. Company insiders own 2.40% of the company’s stock.
Deluxe Corporation (DLX) opened at 74.43 on Wednesday. Deluxe Corporation has a one year low of $59.47 and a one year high of $75.94. The firm has a 50-day moving average price of $69.44 and a 200 day moving average price of $69.92. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 15.92 and a beta of 1.35.
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 return on equity of 27.83% and a net margin of 11.98%. The firm had revenue of $485.20 million for the quarter, compared to the consensus estimate of $479.42 million. During the same quarter in the prior year, the business earned $1.20 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts expect that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, August 17th. Deluxe Corporation’s payout ratio is presently 25.64%.
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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