American Century Companies Inc. Acquires 31,271 Shares of Deluxe Corporation (DLX)
American Century Companies Inc. raised its holdings in Deluxe Corporation (NYSE:DLX) by 14.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 244,442 shares of the business services provider’s stock after purchasing an additional 31,271 shares during the period. American Century Companies Inc. owned approximately 0.51% of Deluxe Corporation worth $17,834,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Flinton Capital Management LLC boosted its holdings in Deluxe Corporation by 52.6% in the 2nd quarter. Flinton Capital Management LLC now owns 2,320 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Deluxe Corporation by 12.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the business services provider’s stock valued at $167,000 after purchasing an additional 276 shares during the period. Riverhead Capital Management LLC boosted its holdings in Deluxe Corporation by 56.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,663 shares of the business services provider’s stock valued at $184,000 after purchasing an additional 963 shares during the period. Stifel Financial Corp bought a new stake in shares of Deluxe Corporation during the 2nd quarter worth approximately $201,000. Finally, Alpine Global Management LLC bought a new stake in shares of Deluxe Corporation during the 2nd quarter worth approximately $204,000. 92.84% of the stock is owned by hedge funds and other institutional investors.
Shares of Deluxe Corporation (NYSE:DLX) opened at $67.96 on Friday. Deluxe Corporation has a twelve month low of $66.05 and a twelve month high of $75.94. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.75. The firm has a market cap of $3,242.91, a P/E ratio of 12.94 and a beta of 1.37.
Deluxe Corporation (NYSE:DLX) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.07. Deluxe Corporation had a net margin of 10.24% and a return on equity of 27.56%. The company had revenue of $497.70 million during the quarter, compared to the consensus estimate of $487.77 million. During the same quarter in the prior year, the firm posted $1.22 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. research analysts forecast that Deluxe Corporation will post 5.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, November 17th. Deluxe Corporation’s dividend payout ratio (DPR) is presently 29.41%.
Separately, BidaskClub downgraded shares of Deluxe Corporation from a “hold” rating to a “sell” rating in a report on Sunday, August 6th.
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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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