Icon Advisers Inc. Co. increased its stake in Deluxe Corporation (NYSE:DLX) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,900 shares of the business services provider’s stock after purchasing an additional 4,000 shares during the quarter. Icon Advisers Inc. Co. owned approximately 0.10% of Deluxe Corporation worth $3,316,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DLX. Flinton Capital Management LLC raised its holdings in Deluxe Corporation by 9.2% in the 1st quarter. Flinton Capital Management LLC now owns 1,520 shares of the business services provider’s stock worth $110,000 after purchasing an additional 128 shares during the period. Meadow Creek Investment Management LLC raised its holdings in Deluxe Corporation by 9.2% in the 1st quarter. Meadow Creek Investment Management LLC now owns 2,090 shares of the business services provider’s stock worth $151,000 after purchasing an additional 176 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Deluxe Corporation by 64.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,136 shares of the business services provider’s stock worth $154,000 after purchasing an additional 836 shares during the period. Riverhead Capital Management LLC raised its holdings in Deluxe Corporation by 56.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,663 shares of the business services provider’s stock worth $184,000 after purchasing an additional 963 shares during the period. Finally, World Asset Management Inc raised its holdings in Deluxe Corporation by 1.2% in the 2nd quarter. World Asset Management Inc now owns 3,027 shares of the business services provider’s stock worth $210,000 after purchasing an additional 37 shares during the period. 91.40% of the stock is currently owned by institutional investors.

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Deluxe Corporation (NYSE:DLX) opened at 68.83 on Friday. The company has a 50-day moving average price of $69.26 and a 200-day moving average price of $70.27. Deluxe Corporation has a one year low of $59.47 and a one year high of $75.94. The company has a market capitalization of $3.33 billion, a PE ratio of 14.73 and a beta of 1.36.

Deluxe Corporation (NYSE:DLX) last posted its earnings results on Thursday, July 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The company 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 firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 earnings per share. Analysts expect that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.

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

Separately, BidaskClub cut Deluxe Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 29th.

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

Deluxe Corporation Company Profile

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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