James Investment Research Inc. lessened its position in shares of Deluxe Co. (NYSE:DLX) by 9.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 349,059 shares of the business services provider’s stock after selling 36,723 shares during the quarter. Deluxe accounts for 0.9% of James Investment Research Inc.’s holdings, making the stock its 28th largest holding. James Investment Research Inc.’s holdings in Deluxe were worth $26,821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its holdings in Deluxe by 8.2% during the 2nd quarter. FMR LLC now owns 3,528,134 shares of the business services provider’s stock worth $244,217,000 after purchasing an additional 267,739 shares in the last quarter. State Street Corp lifted its holdings in Deluxe by 3.1% during the 2nd quarter. State Street Corp now owns 1,647,025 shares of the business services provider’s stock worth $114,012,000 after purchasing an additional 48,849 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Deluxe by 94.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,376,382 shares of the business services provider’s stock worth $100,420,000 after purchasing an additional 667,085 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Deluxe by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,127,352 shares of the business services provider’s stock worth $82,252,000 after purchasing an additional 19,105 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Deluxe by 2.1% during the 2nd quarter. Northern Trust Corp now owns 868,548 shares of the business services provider’s stock worth $60,121,000 after purchasing an additional 17,968 shares in the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Deluxe Co. (DLX) traded up $0.33 on Tuesday, reaching $77.69. The company had a trading volume of 245,700 shares, compared to its average volume of 240,921. The stock has a market cap of $3,722.69, a PE ratio of 19.04 and a beta of 1.36. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.93 and a quick ratio of 0.83. Deluxe Co. has a twelve month low of $66.43 and a twelve month high of $78.87.

Deluxe (NYSE:DLX) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The business had revenue of $497.70 million for the quarter, compared to analysts’ expectations of $487.77 million. Deluxe had a return on equity of 27.56% and a net margin of 10.24%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS.

In other Deluxe news, CEO Lee J. Schram sold 33,030 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $71.32, for a total value of $2,355,699.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.40% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “James Investment Research Inc. Sells 36,723 Shares of Deluxe Co. (DLX)” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.dailypolitical.com/2018/01/23/james-investment-research-inc-sells-36723-shares-of-deluxe-co-dlx.html.

Deluxe 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.

Want to see what other hedge funds are holding DLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deluxe Co. (NYSE:DLX).

Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

Receive News & Ratings for Deluxe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe and related companies with MarketBeat.com's FREE daily email newsletter.