Investment House LLC Boosts Position in Deluxe Corporation (DLX)

Investment House LLC increased its position in shares of Deluxe Corporation (NYSE:DLX) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,935 shares of the business services provider’s stock after buying an additional 2,130 shares during the period. Investment House LLC owned 0.15% of Deluxe Corporation worth $5,187,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DLX. Flinton Capital Management LLC raised its position 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 worth $110,000 after buying an additional 128 shares during the period. TrimTabs Asset Management LLC raised its position in Deluxe Corporation by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the business services provider’s stock worth $114,000 after buying an additional 744 shares during the period. Meadow Creek Investment Management LLC raised its position in Deluxe Corporation by 9.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,090 shares of the business services provider’s stock worth $151,000 after buying an additional 176 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Deluxe Corporation by 64.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,136 shares of the business services provider’s stock worth $154,000 after buying an additional 836 shares during the period. Finally, Glen Harbor Capital Management LLC raised its position in Deluxe Corporation by 9.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,660 shares of the business services provider’s stock worth $192,000 after buying an additional 224 shares during the period. 92.66% of the stock is owned by institutional investors.

Deluxe Corporation (DLX) traded down 0.20% during mid-day trading on Friday, hitting $68.17. The company’s stock had a trading volume of 540,769 shares. The firm’s 50-day moving average is $70.15 and its 200-day moving average is $71.00. Deluxe Corporation has a 12-month low of $59.47 and a 12-month high of $75.94. The company has a market cap of $3.30 billion, a P/E ratio of 14.58 and a beta of 1.35.

Deluxe Corporation (NYSE:DLX) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $485.20 million for the quarter, compared to the consensus estimate of $479.42 million. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 earnings per share. Analysts predict that Deluxe Corporation will post $5.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Thursday, August 17th. Deluxe Corporation’s payout ratio is presently 25.64%.

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DLX has been the subject of a number of analyst reports. Zacks Investment Research raised Deluxe Corporation from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, May 2nd. BidaskClub raised Deluxe Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th.

In other news, VP John D. Filby sold 18,936 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.21, for a total transaction of $1,367,368.56. Following the transaction, the vice president now directly owns 46,154 shares of the company’s stock, valued at $3,332,780.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ronald C. Baldwin sold 2,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.41, for a total value of $144,820.00. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

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.

Institutional Ownership by Quarter for Deluxe Corporation (NYSE:DLX)

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