D.A. Davidson & CO. Has $114,000 Holdings in Deluxe Corporation (DLX)
D.A. Davidson & CO. held its position in Deluxe Corporation (NYSE:DLX) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,657 shares of the business services provider’s stock at the close of the second quarter. D.A. Davidson & CO.’s holdings in Deluxe Corporation were worth $114,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of 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 valued at $374,639,000 after buying an additional 5,168,644 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Deluxe Corporation by 3.9% in the first quarter. Vanguard Group Inc. now owns 4,133,898 shares of the business services provider’s stock valued at $298,344,000 after buying an additional 155,227 shares in the last quarter. LSV Asset Management lifted its stake in shares of Deluxe Corporation by 5.4% in the second quarter. LSV Asset Management now owns 2,003,550 shares of the business services provider’s stock valued at $138,685,000 after buying an additional 103,500 shares in the last quarter. State Street Corp lifted its stake in shares of Deluxe Corporation by 1.6% in the first quarter. State Street Corp now owns 1,598,176 shares of the business services provider’s stock valued at $115,345,000 after buying an additional 25,359 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Deluxe Corporation by 14.1% in the second quarter. Schroder Investment Management Group now owns 1,476,419 shares of the business services provider’s stock valued at $101,607,000 after buying an additional 182,600 shares in the last quarter. 91.32% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Deluxe Corporation (NYSE DLX) opened at 73.05 on Thursday. The stock has a 50 day moving average of $70.32 and a 200 day moving average of $70.01. Deluxe Corporation has a one year low of $59.47 and a one year high of $75.94. The stock has a market cap of $3.53 billion, a P/E ratio of 15.63 and a beta of 1.35.
Deluxe Corporation (NYSE:DLX) last announced its earnings results 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. Deluxe Corporation had a net margin of 11.98% and a return on equity of 27.83%. The firm had revenue of $485.20 million for the quarter, compared to analysts’ expectations of $479.42 million. During the same quarter in the previous year, the business posted $1.20 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts forecast that Deluxe Corporation will post $5.25 EPS for the current year.
Separately, BidaskClub raised shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th.
In related news, Director Ronald C. Baldwin sold 2,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.41, for a total value of $144,820.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John D. Filby sold 18,936 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president now owns 46,154 shares in the company, valued at approximately $3,332,780.34. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
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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