Adams Diversified Equity Fund Inc. Invests $458,000 in Deluxe Corp. (DLX)
Adams Diversified Equity Fund Inc. purchased a new stake in shares of Deluxe Corp. (NYSE:DLX) during the second quarter, Holdings Channel reports. The firm purchased 6,900 shares of the company’s stock, valued at approximately $458,000.
Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Deluxe Corp. by 2.8% in the first quarter. Geode Capital Management LLC now owns 469,346 shares of the company’s stock valued at $29,329,000 after buying an additional 12,951 shares during the period. BlackRock Group LTD raised its position in shares of Deluxe Corp. by 22.5% in the first quarter. BlackRock Group LTD now owns 35,073 shares of the company’s stock valued at $2,192,000 after buying an additional 6,437 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Deluxe Corp. by 66,383.8% in the second quarter. BNP Paribas Arbitrage SA now owns 24,599 shares of the company’s stock valued at $1,633,000 after buying an additional 24,562 shares during the period. Glenmede Trust Co. NA raised its position in shares of Deluxe Corp. by 203.5% in the first quarter. Glenmede Trust Co. NA now owns 56,121 shares of the company’s stock valued at $3,505,000 after buying an additional 37,629 shares during the period. Finally, Hartford Investment Management Co. purchased a new position in shares of Deluxe Corp. during the second quarter valued at about $278,000. 90.57% of the stock is owned by institutional investors.
Shares of Deluxe Corp. (NYSE:DLX) traded down 1.21% during trading on Friday, hitting $66.79. 368,809 shares of the stock traded hands. The firm has a 50-day moving average of $68.17 and a 200-day moving average of $64.62. Deluxe Corp. has a 1-year low of $49.46 and a 1-year high of $70.26. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 14.23 and a beta of 1.47.
Deluxe Corp. (NYSE:DLX) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.02. The business had revenue of $450.60 million for the quarter, compared to analyst estimates of $450.56 million. Deluxe Corp. had a net margin of 12.86% and a return on equity of 31.19%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. On average, equities analysts forecast that Deluxe Corp. will post $4.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.80%. Deluxe Corp.’s dividend payout ratio is 25.59%.
Separately, Zacks Investment Research lowered shares of Deluxe Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th.
In related news, Director Neil Metviner sold 8,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $69.23, for a total transaction of $553,840.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.90% of the company’s stock.
Deluxe Corp. Company Profile
Deluxe Corporation provides payment solutions. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. Its Small Business Services segment offers services for marketing needs of small businesses, including Web design, hosting and other Web services; search engine optimization; marketing services, including e-mail, mobile, social media and other self-service marketing solutions; digital printing services, and logo design.
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