Advisor Group Inc. cut its position in shares of Deluxe Corporation (NYSE:DLX) by 69.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,388 shares of the business services provider’s stock after selling 5,367 shares during the period. Advisor Group Inc.’s holdings in Deluxe Corporation were worth $166,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Nordea Investment Management AB boosted its stake in Deluxe Corporation by 57.5% during the second quarter. Nordea Investment Management AB now owns 544,690 shares of the business services provider’s stock valued at $37,703,000 after buying an additional 198,931 shares during the last quarter. Suntrust Banks Inc. boosted its stake in Deluxe Corporation by 0.8% during the second quarter. Suntrust Banks Inc. now owns 5,480 shares of the business services provider’s stock valued at $379,000 after buying an additional 42 shares during the last quarter. Quantbot Technologies LP boosted its stake in Deluxe Corporation by 17.3% during the second quarter. Quantbot Technologies LP now owns 7,502 shares of the business services provider’s stock valued at $519,000 after buying an additional 1,105 shares during the last quarter. M&T Bank Corp boosted its stake in Deluxe Corporation by 1.9% during the second quarter. M&T Bank Corp now owns 11,519 shares of the business services provider’s stock valued at $797,000 after buying an additional 219 shares during the last quarter. Finally, ETRADE Capital Management LLC boosted its stake in Deluxe Corporation by 3.0% during the second quarter. ETRADE Capital Management LLC now owns 3,497 shares of the business services provider’s stock valued at $242,000 after buying an additional 103 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

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Deluxe Corporation (NYSE DLX) opened at 73.62 on Friday. The company’s 50-day moving average price is $71.33 and its 200-day moving average price is $70.12. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 15.75 and a beta of 1.35. Deluxe Corporation has a 52 week low of $59.47 and a 52 week high of $75.94.

Deluxe Corporation (NYSE:DLX) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 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 analyst estimates of $479.42 million. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. Deluxe Corporation’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 EPS. Equities analysts forecast that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.

Separately, BidaskClub lowered Deluxe Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th.

In other news, VP John D. Filby sold 18,936 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 46,154 shares in the company, valued at approximately $3,332,780.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ronald C. Baldwin sold 2,000 shares of the business’s stock in a transaction that occurred 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. 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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Institutional Ownership by Quarter for Deluxe Corporation (NYSE:DLX)

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