Deluxe Corp. (DLX) Sees Strong Trading Volume
Shares of Deluxe Corp. (NYSE:DLX) saw unusually-high trading volume on Monday . Approximately 301,512 shares were traded during mid-day trading, an increase of 45% from the previous session’s volume of 207,595 shares.The stock last traded at $68.11 and had previously closed at $68.26.
Separately, Zacks Investment Research downgraded shares of Deluxe Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th.
The stock has a market capitalization of $3.34 billion and a P/E ratio of 14.55. The company’s 50 day moving average price is $67.31 and its 200-day moving average price is $62.00.
Deluxe Corp. (NYSE:DLX) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. During the same quarter last year, the firm posted $1.13 EPS. The business earned $450.60 million during the quarter, compared to analyst estimates of $450.56 million. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities analysts forecast that Deluxe Corp. will post $4.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Monday, August 22nd will be paid a $0.30 dividend. The ex-dividend date is Thursday, August 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.75%.
In other news, SVP Malcolm Mcroberts sold 9,580 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $66.06, for a total transaction of $632,854.80. Following the completion of the sale, the senior vice president now owns 59,805 shares in the company, valued at approximately $3,950,718.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald C. Baldwin sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $63.72, for a total transaction of $223,020.00. Following the sale, the director now owns 18,024 shares of the company’s stock, valued at approximately $1,148,489.28. The disclosure for this sale can be found here.
A number of hedge funds have added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Deluxe Corp. by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,086,325 shares of the company’s stock valued at $59,250,000 after buying an additional 43,181 shares during the period. Alpine Woods Capital Investors LLC increased its stake in Deluxe Corp. by 1.6% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 80,600 shares of the company’s stock valued at $4,396,000 after buying an additional 1,300 shares during the period. Wells Fargo & Company MN increased its stake in Deluxe Corp. by 12.3% in the fourth quarter. Wells Fargo & Company MN now owns 225,242 shares of the company’s stock valued at $12,284,000 after buying an additional 24,684 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Deluxe Corp. by 35.9% in the fourth quarter. New York State Common Retirement Fund now owns 163,215 shares of the company’s stock valued at $8,902,000 after buying an additional 43,093 shares during the period.
Deluxe Corporation provides payment solutions. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. Its Small Business Services segment offers services for marketing needs of small businesses, including Web design, hosting and other Web services; search engine optimization; marketing services, including e-mail, mobile, social media and other self-service marketing solutions; digital printing services, and logo design.
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