LSV Asset Management Sells 92,166 Shares of Deluxe Corporation $DLX

LSV Asset Management decreased its position in Deluxe Corporation (NYSE:DLX) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,817,859 shares of the business services provider’s stock after selling 92,166 shares during the period. LSV Asset Management’s holdings in Deluxe were worth $35,194,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Deluxe by 1.4% during the second quarter. Geode Capital Management LLC now owns 1,061,173 shares of the business services provider’s stock valued at $16,885,000 after purchasing an additional 14,160 shares during the period. Prudential Financial Inc. boosted its stake in Deluxe by 18.3% during the second quarter. Prudential Financial Inc. now owns 736,679 shares of the business services provider’s stock worth $11,721,000 after buying an additional 113,886 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in Deluxe by 49.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 634,447 shares of the business services provider’s stock valued at $10,094,000 after buying an additional 211,109 shares during the period. Bank of New York Mellon Corp increased its holdings in Deluxe by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 620,107 shares of the business services provider’s stock valued at $9,866,000 after buying an additional 9,804 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Deluxe by 7.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 549,967 shares of the business services provider’s stock valued at $8,750,000 after buying an additional 37,009 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Wall Street Analysts Forecast Growth

DLX has been the topic of several recent research reports. Zacks Research upgraded shares of Deluxe from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. CJS Securities upgraded shares of Deluxe to a “hold” rating in a research note on Thursday, December 11th. Weiss Ratings raised Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Wall Street Zen upgraded Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $23.00.

Deluxe Trading Up 1.2%

Shares of Deluxe stock opened at $26.19 on Friday. Deluxe Corporation has a 12-month low of $13.61 and a 12-month high of $28.60. The stock has a market capitalization of $1.18 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41. The company has a 50-day simple moving average of $23.97 and a 200 day simple moving average of $20.81. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 2.04.

Deluxe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Stockholders of record on Monday, February 9th will be paid a $0.30 dividend. The ex-dividend date is Monday, February 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.6%. Deluxe’s payout ratio is 63.83%.

Deluxe Profile

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.