Capstone Asset Management Co. boosted its position in shares of Deluxe Corporation (NYSE:DLX) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,910 shares of the business services provider’s stock after buying an additional 260 shares during the period. Capstone Asset Management Co.’s holdings in Deluxe Corporation were worth $271,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in Deluxe Corporation by 17.6% in the first quarter. Russell Investments Group Ltd. now owns 114,435 shares of the business services provider’s stock worth $8,256,000 after buying an additional 17,158 shares in the last quarter. Polaris Greystone Financial Group LLC increased its position in shares of Deluxe Corporation by 3.1% in the first quarter. Polaris Greystone Financial Group LLC now owns 18,546 shares of the business services provider’s stock worth $1,338,000 after buying an additional 556 shares during the period. Dubuque Bank & Trust Co. increased its position in shares of Deluxe Corporation by 8.8% in the first quarter. Dubuque Bank & Trust Co. now owns 6,151 shares of the business services provider’s stock worth $444,000 after buying an additional 497 shares during the period. Glen Harbor Capital Management LLC increased its position in shares of 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. Finally, Sit Investment Associates Inc. increased its position in shares of Deluxe Corporation by 35.4% in the first quarter. Sit Investment Associates Inc. now owns 24,075 shares of the business services provider’s stock worth $1,737,000 after buying an additional 6,300 shares during the period. Institutional investors and hedge funds own 92.66% of the company’s stock.

Shares of Deluxe Corporation (NYSE:DLX) traded up 1.36% on Wednesday, hitting $69.93. The company had a trading volume of 54,700 shares. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 14.96 and a beta of 1.35. Deluxe Corporation has a 52 week low of $59.47 and a 52 week high of $75.94. The stock’s 50-day moving average is $70.14 and its 200 day moving average is $71.06.

Deluxe Corporation (NYSE:DLX) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The company had revenue of $485.20 million for the quarter, compared to analyst estimates of $479.42 million. During the same period last year, the company earned $1.20 earnings per share. Deluxe Corporation’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts expect that Deluxe Corporation will post $5.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, August 17th. Deluxe Corporation’s payout ratio is currently 25.64%.

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DLX has been the subject of a number of recent research reports. BidaskClub downgraded Deluxe Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. 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 research note on Tuesday, May 2nd.

In other Deluxe Corporation news, Director Ronald C. Baldwin sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.41, for a total value of $144,820.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John D. Filby sold 18,936 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now directly owns 46,154 shares in the company, valued at $3,332,780.34. 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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Institutional Ownership by Quarter for Deluxe Corporation (NYSE:DLX)

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