Sei Investments Co. Has $8.50 Million Position in Deluxe Corporation (DLX)
Sei Investments Co. boosted its position in Deluxe Corporation (NYSE:DLX) by 8.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 116,565 shares of the business services provider’s stock after purchasing an additional 9,033 shares during the quarter. Sei Investments Co. owned about 0.24% of Deluxe Corporation worth $8,504,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Flinton Capital Management LLC grew its holdings in Deluxe Corporation by 52.6% in the 2nd quarter. Flinton Capital Management LLC now owns 2,320 shares of the business services provider’s stock valued at $161,000 after buying an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Deluxe Corporation by 12.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the business services provider’s stock valued at $167,000 after buying an additional 276 shares during the period. Bessemer Group Inc. grew its holdings in Deluxe Corporation by 61.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,320 shares of the business services provider’s stock valued at $169,000 after buying an additional 883 shares during the period. Riverhead Capital Management LLC grew 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 valued at $184,000 after buying an additional 963 shares during the period. Finally, Stifel Financial Corp purchased a new stake in Deluxe Corporation in the 2nd quarter valued at about $201,000. 92.59% of the stock is owned by hedge funds and other institutional investors.
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Separately, BidaskClub cut Deluxe Corporation from a “hold” rating to a “sell” rating in a report on Sunday, August 6th.
Shares of Deluxe Corporation (NYSE:DLX) opened at $68.78 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.75. Deluxe Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $75.94. The stock has a market capitalization of $3,299.70, a PE ratio of 13.16 and a beta of 1.37.
Deluxe Corporation (NYSE:DLX) last issued its earnings results on Thursday, October 26th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.07. Deluxe Corporation had a return on equity of 27.56% and a net margin of 10.24%. The business had revenue of $497.70 million during the quarter, compared to analysts’ expectations of $487.77 million. During the same quarter in the previous year, the business earned $1.22 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. research analysts expect that Deluxe Corporation will post 5.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Friday, November 17th. Deluxe Corporation’s dividend payout ratio is presently 29.41%.
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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