Deluxe Corp. (DLX) Shares Bought by Sit Investment Associates Inc.
Sit Investment Associates Inc. boosted its position in shares of Deluxe Corp. (NYSE:DLX) by 893.8% during the second quarter, Holdings Channel reports. The fund owned 19,875 shares of the company’s stock after buying an additional 17,875 shares during the period. Sit Investment Associates Inc.’s holdings in Deluxe Corp. were worth $1,319,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. LS Investment Advisors LLC raised 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 during the last quarter. Huntington National Bank increased its position in 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 during the period. Capstone Asset Management Co. increased its position in Deluxe Corp. by 5.1% in the second quarter. Capstone Asset Management Co. now owns 3,540 shares of the company’s stock worth $235,000 after buying an additional 171 shares during the period. Parametrica Management Ltd bought a new position in Deluxe Corp. during the second quarter worth approximately $253,000. Finally, Hartford Investment Management Co. bought a new position in Deluxe Corp. during the second quarter worth approximately $278,000. Institutional investors and hedge funds own 90.57% of the company’s stock.
Deluxe Corp. (NYSE:DLX) traded down 1.32% on Tuesday, hitting $66.45. 136,530 shares of the company were exchanged. The stock has a market cap of $3.24 billion, a PE ratio of 14.15 and a beta of 1.39. Deluxe Corp. has a 52-week low of $49.46 and a 52-week high of $70.26. The firm has a 50 day moving average of $67.78 and a 200-day moving average of $65.67.
Deluxe Corp. (NYSE:DLX) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.02. Deluxe Corp. had a net margin of 12.86% and a return on equity of 31.19%. The company earned $450.60 million during the quarter, compared to the consensus estimate of $450.56 million. During the same period in the previous year, the firm earned $1.13 earnings per share. Deluxe Corp.’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts expect that Deluxe Corp. will post $4.93 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Deluxe Corp. from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Tuesday, August 2nd.
In other Deluxe Corp. news, Director Neil Metviner sold 8,000 shares of the business’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.90% of the company’s stock.
About Deluxe Corp.
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.
Want to see what other hedge funds are holding DLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deluxe Corp. (NYSE:DLX).
Receive News & Ratings for Deluxe Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe Corp. and related companies with MarketBeat.com's FREE daily email newsletter.