California Public Employees Retirement System Acquires 3,191 Shares of Deluxe Co. (DLX)
California Public Employees Retirement System raised its holdings in shares of Deluxe Co. (NYSE:DLX) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 107,491 shares of the business services provider’s stock after acquiring an additional 3,191 shares during the period. California Public Employees Retirement System owned approximately 0.22% of Deluxe worth $7,843,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Eqis Capital Management Inc. bought a new stake in shares of Deluxe during the 3rd quarter valued at $219,000. WBI Investments Inc. raised its position in shares of Deluxe by 341.2% during the 2nd quarter. WBI Investments Inc. now owns 122,891 shares of the business services provider’s stock valued at $8,506,000 after acquiring an additional 95,035 shares during the last quarter. Investment House LLC raised its position in shares of Deluxe by 12.1% during the 3rd quarter. Investment House LLC now owns 83,980 shares of the business services provider’s stock valued at $6,127,000 after acquiring an additional 9,045 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Deluxe by 2.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 280,669 shares of the business services provider’s stock valued at $19,428,000 after acquiring an additional 6,840 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Deluxe by 26.7% during the 3rd quarter. Prudential Financial Inc. now owns 203,912 shares of the business services provider’s stock valued at $14,877,000 after acquiring an additional 43,010 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.
In other Deluxe news, CEO Lee J. Schram sold 33,030 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $71.32, for a total transaction of $2,355,699.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.
Deluxe (NYSE:DLX) last issued its earnings results on Thursday, October 26th. The business services provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. The company had revenue of $497.70 million during the quarter, compared to analysts’ expectations of $487.77 million. Deluxe had a net margin of 10.24% and a return on equity of 27.56%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 20th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, November 17th. Deluxe’s payout ratio is 29.41%.
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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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