LSV Asset Management Has $115,926,000 Position in Deluxe Corp. (DLX)
LSV Asset Management increased its position in Deluxe Corp. (NYSE:DLX) by 7.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,734,905 shares of the company’s stock after buying an additional 121,300 shares during the period. LSV Asset Management’s holdings in Deluxe Corp. were worth $115,926,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama boosted its position in shares of Deluxe Corp. by 5.7% in the second quarter. Retirement Systems of Alabama now owns 185,443 shares of the company’s stock worth $12,308,000 after buying an additional 10,076 shares in the last quarter. Copper Rock Capital Partners LLC bought a new position in shares of Deluxe Corp. during the third quarter worth $24,004,000. BNP Paribas Arbitrage SA boosted its position in shares of Deluxe Corp. by 66,383.8% in the second quarter. BNP Paribas Arbitrage SA now owns 24,599 shares of the company’s stock worth $1,633,000 after buying an additional 24,562 shares in the last quarter. Falcon Point Capital LLC bought a new position in shares of Deluxe Corp. during the second quarter worth $10,236,000. Finally, Monarch Partners Asset Management LLC boosted its position in shares of Deluxe Corp. by 5.2% in the second quarter. Monarch Partners Asset Management LLC now owns 351,118 shares of the company’s stock worth $23,304,000 after buying an additional 17,430 shares in the last quarter. 90.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Deluxe Corp. (NYSE:DLX) opened at 69.21 on Tuesday. Deluxe Corp. has a 52 week low of $49.46 and a 52 week high of $70.26. The company has a market cap of $3.36 billion, a PE ratio of 14.58 and a beta of 1.22. The company has a 50 day moving average price of $64.72 and a 200 day moving average price of $66.32.
Deluxe Corp. (NYSE:DLX) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.01. Deluxe Corp. had a return on equity of 30.08% and a net margin of 12.79%. The business had revenue of $458.90 million for the quarter, compared to analyst estimates of $460.42 million. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts expect that Deluxe Corp. will post $4.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Monday, November 21st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, November 17th. Deluxe Corp.’s dividend payout ratio (DPR) is presently 25.26%.
Separately, Zacks Investment Research cut Deluxe Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th.
In other news, Director Neil Metviner sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was 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 SEC, which is accessible through this link. Also, CEO Lee J. Schram sold 39,312 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $66.43, for a total value of $2,611,496.16. Following the sale, the chief executive officer now directly owns 332,358 shares in the company, valued at approximately $22,078,541.94. The disclosure for this sale can be found here. 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.
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