JPMorgan Chase & Co. grew its holdings in Deluxe Corporation (NYSE:DLX) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,588 shares of the business services provider’s stock after purchasing an additional 5,754 shares during the period. JPMorgan Chase & Co. owned approximately 0.50% of Deluxe Corporation worth $16,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Deluxe Corporation by 23,073.3% in the 1st quarter. BlackRock Inc. now owns 5,191,045 shares of the business services provider’s stock valued at $374,639,000 after purchasing an additional 5,168,644 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Deluxe Corporation by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 4,133,898 shares of the business services provider’s stock valued at $298,344,000 after purchasing an additional 155,227 shares during the last quarter. State Street Corp lifted its stake in shares of Deluxe Corporation by 1.6% in the 1st quarter. State Street Corp now owns 1,598,176 shares of the business services provider’s stock valued at $115,345,000 after purchasing an additional 25,359 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Deluxe Corporation by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 723,943 shares of the business services provider’s stock valued at $52,247,000 after purchasing an additional 4,335 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Deluxe Corporation by 2.4% in the 1st quarter. AQR Capital Management LLC now owns 642,267 shares of the business services provider’s stock valued at $46,352,000 after purchasing an additional 14,934 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Director Ronald C. Baldwin sold 2,000 shares of Deluxe Corporation stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.41, for a total value 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 Deluxe Corporation stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.21, for a total value of $1,367,368.56. Following the completion of the sale, the vice president now directly 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 owned by insiders.

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

Deluxe Corporation (NYSE DLX) opened at 70.07 on Friday. Deluxe Corporation has a 52 week low of $59.47 and a 52 week high of $75.94. The stock has a 50 day moving average price of $68.91 and a 200 day moving average price of $70.08. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 14.99 and a beta of 1.36.

Deluxe Corporation (NYSE:DLX) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, beating the Zacks’ 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 return on equity of 27.83% and a net margin of 11.98%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. Equities research analysts expect that Deluxe Corporation will post $5.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Thursday, August 17th. Deluxe Corporation’s dividend payout ratio is currently 25.64%.

Deluxe Corporation 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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