Chicago Equity Partners LLC Buys New Position in Deluxe Corporation (DLX)
Chicago Equity Partners LLC bought a new stake in shares of Deluxe Corporation (NYSE:DLX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,005 shares of the business services provider’s stock, valued at approximately $1,168,000.
A number of other large investors have also recently made changes to their positions in DLX. FMR LLC raised its stake in Deluxe Corporation by 8.2% during the 2nd quarter. FMR LLC now owns 3,528,134 shares of the business services provider’s stock valued at $244,217,000 after purchasing an additional 267,739 shares during the period. Nordea Investment Management AB raised its stake in Deluxe Corporation by 57.5% during the 2nd quarter. Nordea Investment Management AB now owns 544,690 shares of the business services provider’s stock valued at $37,703,000 after purchasing an additional 198,931 shares during the period. Schroder Investment Management Group raised its stake in Deluxe Corporation by 14.1% during the 2nd quarter. Schroder Investment Management Group now owns 1,476,419 shares of the business services provider’s stock valued at $101,607,000 after purchasing an additional 182,600 shares during the period. Kirr Marbach & Co. LLC IN acquired a new position in shares of Deluxe Corporation in the second quarter worth $8,864,000. Finally, JLB & Associates Inc. acquired a new position in shares of Deluxe Corporation in the second quarter worth $8,131,000. 92.84% of the stock is currently owned by institutional investors.
Separately, BidaskClub raised shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st.
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Deluxe Corporation (NYSE DLX) opened at $67.85 on Wednesday. Deluxe Corporation has a one year low of $66.05 and a one year high of $75.94. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.75. The firm has a market cap of $3,272.75, a price-to-earnings ratio of 13.05 and a beta of 1.37.
Deluxe Corporation (NYSE:DLX) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.07. Deluxe Corporation had a net margin of 10.24% and a return on equity of 27.56%. The business had revenue of $497.70 million for the quarter, compared to the consensus estimate of $487.77 million. During the same period in the prior year, the business posted $1.22 earnings per share. Deluxe Corporation’s revenue for the quarter was up 8.5% compared to the same quarter last year. research analysts predict that Deluxe Corporation will post 5.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, November 17th. Deluxe Corporation’s dividend payout ratio (DPR) is presently 29.41%.
Deluxe Corporation Company Profile
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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