Inspire Investing LLC Trims Stock Position in Deluxe Co. (NYSE:DLX)

Inspire Investing LLC cut its stake in shares of Deluxe Co. (NYSE:DLX) by 23.7% in the 3rd quarter, Holdings Channel reports. The fund owned 6,600 shares of the business services provider’s stock after selling 2,046 shares during the quarter. Inspire Investing LLC’s holdings in Deluxe were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Deluxe by 2.9% during the 2nd quarter. BlackRock Inc. now owns 7,026,771 shares of the business services provider’s stock valued at $335,669,000 after acquiring an additional 198,025 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Deluxe by 28.0% during the 3rd quarter. Victory Capital Management Inc. now owns 182,278 shares of the business services provider’s stock worth $6,542,000 after buying an additional 39,872 shares in the last quarter. Metropolitan Life Insurance Co NY raised its stake in shares of Deluxe by 104,616.7% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 12,566 shares of the business services provider’s stock worth $600,000 after buying an additional 12,554 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Deluxe by 7.5% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 122,172 shares of the business services provider’s stock worth $5,836,000 after buying an additional 8,493 shares in the last quarter. Finally, Truvestments Capital LLC raised its stake in shares of Deluxe by 17.3% during the 2nd quarter. Truvestments Capital LLC now owns 54,016 shares of the business services provider’s stock worth $2,580,000 after buying an additional 7,982 shares in the last quarter. 90.99% of the stock is owned by hedge funds and other institutional investors.

Shares of DLX stock opened at $33.21 on Friday. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 19.42 and a beta of 1.56. The stock has a 50 day simple moving average of $33.87 and a 200-day simple moving average of $37.72. Deluxe Co. has a 12-month low of $29.59 and a 12-month high of $48.38. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 3.08.

Deluxe (NYSE:DLX) last issued its earnings results on Thursday, November 4th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. The business had revenue of $532.10 million during the quarter, compared to the consensus estimate of $520.70 million. Deluxe had a return on equity of 34.50% and a net margin of 3.86%. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 EPS.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 6th. Stockholders of record on Monday, November 22nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Friday, November 19th. Deluxe’s dividend payout ratio (DPR) is 70.18%.

Deluxe Profile

Deluxe Corp. engages in the provision of marketing products and services. It operates through the following segments: Payments, Cloud Solutions, Promotional Solutions, and Checks. The Payments segment includes treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing and paperless treasury management.

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Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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