Kirr Marbach & Co. LLC IN purchased a new stake in shares of Deluxe Corporation (NYSE:DLX) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 128,050 shares of the business services provider’s stock, valued at approximately $8,864,000. Deluxe Corporation accounts for approximately 2.0% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 29th largest position. Kirr Marbach & Co. LLC IN owned 0.26% of Deluxe Corporation at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Renaissance Group LLC increased its stake in Deluxe Corporation by 0.3% in the first quarter. Renaissance Group LLC now owns 5,091 shares of the business services provider’s stock valued at $367,000 after buying an additional 13 shares in the last quarter. World Asset Management Inc increased its stake in Deluxe Corporation by 0.4% in the first quarter. World Asset Management Inc now owns 2,990 shares of the business services provider’s stock valued at $216,000 after buying an additional 13 shares in the last quarter. Hartford Investment Management Co. increased its stake in Deluxe Corporation by 1.9% in the first quarter. Hartford Investment Management Co. now owns 3,906 shares of the business services provider’s stock valued at $282,000 after buying an additional 71 shares in the last quarter. State Treasurer State of Michigan increased its stake in Deluxe Corporation by 0.5% in the first quarter. State Treasurer State of Michigan now owns 19,662 shares of the business services provider’s stock valued at $1,419,000 after buying an additional 100 shares in the last quarter. Finally, Flinton Capital Management LLC increased its stake in Deluxe Corporation by 9.2% in the first quarter. Flinton Capital Management LLC now owns 1,520 shares of the business services provider’s stock valued at $110,000 after buying an additional 128 shares in the last quarter. 93.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Deluxe Corporation (DLX) traded down 1.19% during trading on Friday, hitting $67.50. The stock had a trading volume of 477,182 shares. The firm has a 50-day moving average of $70.11 and a 200 day moving average of $71.15. Deluxe Corporation has a 1-year low of $59.47 and a 1-year high of $75.94. The company has a market capitalization of $3.26 billion, a P/E ratio of 14.44 and a beta of 1.35.
Deluxe Corporation (NYSE:DLX) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.05. The company had revenue of $485.20 million during the quarter, compared to the consensus estimate of $479.42 million. Deluxe Corporation had a net margin of 11.98% and a return on equity of 27.83%. Deluxe Corporation’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $1.20 EPS. Equities research analysts predict that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, August 17th. Deluxe Corporation’s dividend payout ratio (DPR) is presently 25.64%.
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Several research firms have issued reports on DLX. BidaskClub raised Deluxe Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Deluxe Corporation from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Tuesday, May 2nd.
In other Deluxe Corporation news, VP John D. Filby sold 18,936 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.21, for a total value of $1,367,368.56. Following the completion of the transaction, the vice president now directly owns 46,154 shares of the company’s stock, valued at approximately $3,332,780.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald C. Baldwin sold 2,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.41, for a total transaction of $144,820.00. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
About Deluxe Corporation
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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