American International Group Inc. boosted its position in Deluxe Co. (NYSE:DLX) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 131,438 shares of the business services provider’s stock after acquiring an additional 3,229 shares during the period. American International Group Inc. owned 0.27% of Deluxe worth $9,590,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Icon Advisers Inc. Co. raised its stake in shares of Deluxe by 90.8% in the third quarter. Icon Advisers Inc. Co. now owns 91,400 shares of the business services provider’s stock worth $6,669,000 after purchasing an additional 43,500 shares during the last quarter. Rothschild Asset Management Inc. raised its stake in shares of Deluxe by 5.3% in the third quarter. Rothschild Asset Management Inc. now owns 575,380 shares of the business services provider’s stock worth $41,980,000 after purchasing an additional 28,978 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Deluxe by 11.7% in the third quarter. Pacer Advisors Inc. now owns 7,181 shares of the business services provider’s stock worth $524,000 after purchasing an additional 750 shares during the last quarter. LaSalle Street Capital Management LLC raised its stake in shares of Deluxe by 65.4% in the third quarter. LaSalle Street Capital Management LLC now owns 5,039 shares of the business services provider’s stock worth $368,000 after purchasing an additional 1,992 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of Deluxe by 6.8% in the third quarter. Macquarie Group Ltd. now owns 626,128 shares of the business services provider’s stock worth $45,682,000 after purchasing an additional 39,650 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Shares of Deluxe Co. (NYSE:DLX) opened at $70.75 on Wednesday. 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 company has a market capitalization of $3,298.73, a P/E ratio of 13.16 and a beta of 1.37. Deluxe Co. has a 52-week low of $66.43 and a 52-week high of $75.94.

Deluxe (NYSE:DLX) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.07. The company had revenue of $497.70 million during the quarter, compared to the consensus estimate of $487.77 million. Deluxe had a return on equity of 27.56% and a net margin of 10.24%. Deluxe’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $1.22 earnings per share. research analysts anticipate that Deluxe Co. will post 5.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Friday, November 17th. Deluxe’s payout ratio is 29.41%.

Separately, BidaskClub downgraded Deluxe from a “hold” rating to a “sell” rating in a research note on Sunday, August 6th.

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About Deluxe

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.

Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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