Ronald C. Baldwin Sells 2,500 Shares of Deluxe Corp. (DLX) Stock
Deluxe Corp. (NYSE:DLX) Director Ronald C. Baldwin sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $69.11, for a total value of $172,775.00. Following the transaction, the director now owns 17,438 shares in the company, valued at $1,205,140.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Deluxe Corp. (NYSE:DLX) traded down 1.36% during mid-day trading on Wednesday, hitting $67.70. The stock had a trading volume of 223,226 shares. Deluxe Corp. has a 12-month low of $49.46 and a 12-month high of $70.26. The stock has a market cap of $3.29 billion, a P/E ratio of 14.26 and a beta of 1.22. The company’s 50 day moving average price is $64.76 and its 200 day moving average price is $66.37.
Deluxe Corp. (NYSE:DLX) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm earned $458.90 million during the quarter, compared to the consensus estimate of $460.42 million. During the same period in the previous year, the firm posted $1.16 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts predict that Deluxe Corp. will post $4.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Monday, November 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $1.20 annualized dividend and a dividend yield of 1.77%. Deluxe Corp.’s dividend payout ratio is currently 25.26%.
WARNING: “Ronald C. Baldwin Sells 2,500 Shares of Deluxe Corp. (DLX) Stock” was first reported by Daily Political and is the propert of of Daily Political. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece of content can be viewed at http://www.dailypolitical.com/2016/11/30/ronald-c-baldwin-sells-2500-shares-of-deluxe-corp-dlx-stock.html.
Separately, Zacks Investment Research cut Deluxe Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in Deluxe Corp. by 1,943.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,309 shares of the company’s stock valued at $153,000 after buying an additional 2,196 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Deluxe Corp. during the third quarter valued at approximately $170,000. LS Investment Advisors LLC boosted its stake in Deluxe Corp. by 74.1% in the second quarter. LS Investment Advisors LLC now owns 3,018 shares of the company’s stock valued at $200,000 after buying an additional 1,285 shares during the last quarter. BB&T Securities LLC purchased a new stake in Deluxe Corp. during the second quarter valued at approximately $201,000. Finally, Huntington National Bank boosted its stake in Deluxe Corp. by 57.2% in the second quarter. Huntington National Bank now owns 3,076 shares of the company’s stock valued at $204,000 after buying an additional 1,119 shares during the last quarter. Hedge funds and other institutional investors own 90.70% 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.
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.