BNP Paribas Arbitrage SA Cuts Stake in Deluxe Co. (DLX)
BNP Paribas Arbitrage SA lessened its holdings in Deluxe Co. (NYSE:DLX) by 35.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,972 shares of the business services provider’s stock after selling 6,065 shares during the period. BNP Paribas Arbitrage SA’s holdings in Deluxe were worth $726,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Balter Liquid Alternatives LLC purchased a new position in shares of Deluxe in the 1st quarter valued at $635,000. Investment House LLC raised its stake in shares of Deluxe by 1.5% in the 2nd quarter. Investment House LLC now owns 92,522 shares of the business services provider’s stock valued at $6,126,000 after acquiring an additional 1,400 shares during the period. Stevens Capital Management LP raised its stake in shares of Deluxe by 347.9% in the 1st quarter. Stevens Capital Management LP now owns 23,858 shares of the business services provider’s stock valued at $1,766,000 after acquiring an additional 18,531 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Deluxe by 14.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 413,538 shares of the business services provider’s stock valued at $30,606,000 after acquiring an additional 53,453 shares during the period. Finally, Prudential Financial Inc. grew its holdings in Deluxe by 23.9% during the 1st quarter. Prudential Financial Inc. now owns 281,403 shares of the business services provider’s stock valued at $20,826,000 after purchasing an additional 54,250 shares in the last quarter. 94.07% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Lee J. Schram sold 500 shares of the firm’s stock in a transaction on Monday, June 4th. The shares were sold at an average price of $68.00, for a total transaction of $34,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lee J. Schram sold 6,500 shares of the firm’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $68.08, for a total transaction of $442,520.00. Following the sale, the chief executive officer now directly owns 272,817 shares of the company’s stock, valued at $18,573,381.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,622 shares of company stock valued at $4,613,072. Company insiders own 2.30% of the company’s stock.
Deluxe (NYSE:DLX) last released its quarterly earnings results on Thursday, July 26th. The business services provider reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.09. The business had revenue of $488.20 million during the quarter, compared to analyst estimates of $493.65 million. Deluxe had a net margin of 12.01% and a return on equity of 26.05%. The business’s revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $1.29 EPS. equities analysts forecast that Deluxe Co. will post 5.74 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Monday, August 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, August 17th. Deluxe’s payout ratio is 22.77%.
Deluxe Company Profile
Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.
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