Tdam USA Inc. cut its position in Deluxe Corporation (NYSE:DLX) by 15.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,317 shares of the business services provider’s stock after selling 1,180 shares during the period. Tdam USA Inc.’s holdings in Deluxe Corporation were worth $435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Hartford Investment Management Co. boosted its position in Deluxe Corporation by 1.9% in the first quarter. Hartford Investment Management Co. now owns 3,906 shares of the business services provider’s stock worth $282,000 after buying an additional 71 shares in the last quarter. Renaissance Technologies LLC boosted its position in Deluxe Corporation by 52.1% in the fourth quarter. Renaissance Technologies LLC now owns 29,200 shares of the business services provider’s stock worth $2,091,000 after buying an additional 10,000 shares in the last quarter. American International Group Inc. boosted its position in Deluxe Corporation by 4.1% in the first quarter. American International Group Inc. now owns 125,372 shares of the business services provider’s stock worth $9,048,000 after buying an additional 4,899 shares in the last quarter. Pacer Advisors Inc. boosted its position in Deluxe Corporation by 22.0% in the first quarter. Pacer Advisors Inc. now owns 5,408 shares of the business services provider’s stock worth $390,000 after buying an additional 975 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Deluxe Corporation by 23,073.3% in the first quarter. BlackRock Inc. now owns 5,191,045 shares of the business services provider’s stock worth $374,639,000 after buying an additional 5,168,644 shares in the last quarter. 93.25% of the stock is owned by institutional investors and hedge funds.

Shares of Deluxe Corporation (NYSE DLX) opened at 69.55 on Thursday. Deluxe Corporation has a 1-year low of $59.47 and a 1-year high of $75.94. The stock has a 50 day moving average of $70.18 and a 200-day moving average of $71.21. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 14.88 and a beta of 1.35.

Deluxe Corporation (NYSE:DLX) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. The business had revenue of $485.20 million during the quarter, compared to the consensus estimate of $479.42 million. Deluxe Corporation had a net margin of 11.98% and a return on equity of 27.83%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS. Equities analysts anticipate that Deluxe Corporation will post $5.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 17th. This represents a $1.20 annualized dividend and a dividend yield of 1.73%. Deluxe Corporation’s dividend payout ratio is presently 25.64%.

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A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of Deluxe Corporation from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research note on Tuesday, May 2nd.

In other news, Director Ronald C. Baldwin sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.41, for a total transaction of $144,820.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John D. Filby sold 18,936 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.21, for a total transaction of $1,367,368.56. Following the sale, the vice president now owns 46,154 shares of the company’s stock, valued at approximately $3,332,780.34. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

About Deluxe Corporation

Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.

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Institutional Ownership by Quarter for Deluxe Corporation (NYSE:DLX)

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