Schwab Charles Investment Management Inc. grew its holdings in shares of Deluxe Co. (NYSE:DLX) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 339,049 shares of the business services provider’s stock after buying an additional 17,203 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.70% of Deluxe worth $24,738,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. World Asset Management Inc grew its holdings in shares of Deluxe by 1.2% during the second quarter. World Asset Management Inc now owns 3,027 shares of the business services provider’s stock valued at $210,000 after buying an additional 37 shares during the last quarter. Suntrust Banks Inc. grew its holdings in shares of Deluxe 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. Renaissance Group LLC grew its holdings in shares of Deluxe by 0.8% during the second quarter. Renaissance Group LLC now owns 5,133 shares of the business services provider’s stock valued at $355,000 after buying an additional 42 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of Deluxe by 1.0% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,442 shares of the business services provider’s stock valued at $560,000 after buying an additional 82 shares during the last quarter. Finally, ETRADE Capital Management LLC grew its holdings in shares of Deluxe 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. Hedge funds and other institutional investors own 92.71% of the company’s stock.

In related news, CEO Lee J. Schram sold 33,030 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $71.32, for a total transaction of $2,355,699.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is currently owned by insiders.

Deluxe Co. (NYSE:DLX) opened at $75.39 on Friday. Deluxe Co. has a twelve month low of $66.43 and a twelve month high of $76.17. The stock has a market cap of $3,645.21, a PE ratio of 14.54 and a beta of 1.35. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.75.

Deluxe (NYSE:DLX) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. Deluxe had a net margin of 10.24% and a return on equity of 27.56%. The business had revenue of $497.70 million for the quarter, compared to analysts’ expectations of $487.77 million. During the same period in the previous year, the company earned $1.22 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 20th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Friday, November 17th. Deluxe’s dividend payout ratio (DPR) is presently 29.41%.

WARNING: “Schwab Charles Investment Management Inc. Boosts Holdings in Deluxe Co. (DLX)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/12/15/schwab-charles-investment-management-inc-boosts-holdings-in-deluxe-co-dlx.html.

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)

Receive News & Stock Ratings for Deluxe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe and related stocks with our FREE daily email newsletter.