Deluxe Co. (DLX) Holdings Lifted by BlackRock Inc.
BlackRock Inc. grew its position in Deluxe Co. (NYSE:DLX) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,234,974 shares of the business services provider’s stock after purchasing an additional 114,297 shares during the period. BlackRock Inc. owned approximately 0.11% of Deluxe worth $402,257,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DLX. Ladenburg Thalmann Financial Services Inc. grew its position in Deluxe by 78.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,733 shares of the business services provider’s stock worth $127,000 after purchasing an additional 764 shares during the last quarter. Bessemer Group Inc. grew its position in Deluxe by 61.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,320 shares of the business services provider’s stock worth $169,000 after purchasing an additional 883 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Deluxe in the second quarter valued at approximately $201,000. Bradley Foster & Sargent Inc. CT bought a new position in shares of Deluxe in the third quarter valued at approximately $202,000. Finally, Csenge Advisory Group bought a new position in shares of Deluxe in the third quarter valued at approximately $207,000. Hedge funds and other institutional investors own 93.78% of the company’s stock.
In other news, VP Julie M. Loosbrock sold 2,198 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $76.37, for a total value of $167,861.26. Following the completion of the transaction, the vice president now directly owns 13,286 shares in the company, valued at $1,014,651.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Julie M. Loosbrock sold 4,203 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $74.21, for a total transaction of $311,904.63. Following the completion of the transaction, the vice president now owns 12,726 shares of the company’s stock, valued at $944,396.46. The disclosure for this sale can be found here. Insiders sold 32,259 shares of company stock valued at $2,400,074 over the last quarter. Insiders own 2.40% of the company’s stock.
Deluxe (NYSE:DLX) last posted its quarterly earnings data on Thursday, January 25th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.40. The business had revenue of $494.90 million during the quarter, compared to analysts’ expectations of $500.75 million. Deluxe had a net margin of 11.71% and a return on equity of 26.80%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $1.35 earnings per share. analysts anticipate that Deluxe Co. will post 5.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, February 16th. Deluxe’s dividend payout ratio (DPR) is presently 25.37%.
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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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