Advisors Asset Management Inc. trimmed its holdings in shares of Deluxe Co. (NYSE:DLX) by 27.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,614 shares of the business services provider’s stock after selling 5,179 shares during the period. Advisors Asset Management Inc.’s holdings in Deluxe were worth $993,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Deluxe by 12.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 24,043 shares of the business services provider’s stock worth $1,754,000 after buying an additional 2,724 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Deluxe by 52.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 160,009 shares of the business services provider’s stock valued at $11,675,000 after purchasing an additional 55,187 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Deluxe by 94.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,376,382 shares of the business services provider’s stock valued at $100,420,000 after purchasing an additional 667,085 shares during the last quarter. Rhumbline Advisers lifted its stake in Deluxe by 10.5% in the 3rd quarter. Rhumbline Advisers now owns 121,709 shares of the business services provider’s stock valued at $8,880,000 after purchasing an additional 11,587 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Deluxe by 8.4% in the 3rd quarter. Sei Investments Co. now owns 116,565 shares of the business services provider’s stock valued at $8,504,000 after purchasing an additional 9,033 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Separately, BidaskClub downgraded shares of Deluxe from a “hold” rating to a “sell” rating in a research note on Sunday, August 6th.

Shares of Deluxe Co. (NYSE DLX) opened at $69.37 on Friday. Deluxe Co. has a one year low of $66.43 and a one year high of $75.94. The stock has a market cap of $3,421.44, a PE ratio of 13.65 and a beta of 1.35. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.75.

Deluxe (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, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.07. Deluxe had a net margin of 10.24% and a return on equity of 27.56%. The business had revenue of $497.70 million during the quarter, compared to the consensus estimate of $487.77 million. During the same period last year, the business posted $1.22 EPS. Deluxe’s revenue was up 8.5% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be paid a $0.30 dividend. The ex-dividend date is Friday, November 17th. This represents a $1.20 annualized dividend and a yield of 1.73%. Deluxe’s dividend payout ratio (DPR) is currently 29.41%.

In related news, CEO Lee J. Schram sold 33,030 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $71.32, for a total value of $2,355,699.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.

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Deluxe 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 (NYSE:DLX)

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