UBS Asset Management Americas Inc. Acquires 2,342 Shares of Deluxe Corp. (DLX)
UBS Asset Management Americas Inc. raised its position in Deluxe Corp. (NYSE:DLX) by 1.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 215,284 shares of the company’s stock after buying an additional 2,342 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.44% of Deluxe Corp. worth $14,288,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of DLX. LS Investment Advisors LLC boosted its stake in shares of Deluxe Corp. by 74.1% in the second quarter. LS Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $200,000 after buying an additional 1,285 shares in the last quarter. BB&T Securities LLC acquired a new stake in shares of Deluxe Corp. during the second quarter worth $201,000. Huntington National Bank boosted its stake in shares of Deluxe Corp. by 57.2% in the second quarter. Huntington National Bank now owns 3,076 shares of the company’s stock worth $204,000 after buying an additional 1,119 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Deluxe Corp. during the second quarter worth $210,000. Finally, Investors Capital Advisory Services acquired a new stake in shares of Deluxe Corp. during the second quarter worth $227,000. Hedge funds and other institutional investors own 90.57% of the company’s stock.
Deluxe Corp. (NYSE:DLX) traded down 2.15% during mid-day trading on Friday, hitting $68.42. 68,240 shares of the stock traded hands. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 14.57 and a beta of 1.47. Deluxe Corp. has a 1-year low of $49.46 and a 1-year high of $70.26. The stock has a 50-day moving average of $68.06 and a 200 day moving average of $64.97.
Deluxe Corp. (NYSE:DLX) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.18 by $0.02. The business earned $450.60 million during the quarter, compared to analyst estimates of $450.56 million. Deluxe Corp. had a net margin of 12.86% and a return on equity of 31.19%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 earnings per share. On average, equities analysts expect that Deluxe Corp. will post $4.93 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.72%. Deluxe Corp.’s dividend payout ratio is currently 25.59%.
Separately, Zacks Investment Research upgraded shares of Deluxe Corp. from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Tuesday, August 2nd.
In other news, Director Neil Metviner sold 8,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $69.23, for a total transaction of $553,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.90% of the company’s stock.
Deluxe Corp. Company Profile
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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