Deluxe Co. (DLX) Holdings Increased by Dean Investment Associates LLC
Dean Investment Associates LLC grew its holdings in shares of Deluxe Co. (NYSE:DLX) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,170 shares of the business services provider’s stock after acquiring an additional 2,235 shares during the period. Deluxe accounts for approximately 1.1% of Dean Investment Associates LLC’s investment portfolio, making the stock its 12th biggest holding. Dean Investment Associates LLC owned approximately 0.20% of Deluxe worth $7,090,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. World Asset Management Inc grew its stake in shares of Deluxe by 1.2% in the 2nd quarter. World Asset Management Inc now owns 3,027 shares of the business services provider’s stock valued at $210,000 after buying an additional 37 shares during the period. Suntrust Banks Inc. grew its stake in shares of Deluxe by 0.8% in the 2nd quarter. Suntrust Banks Inc. now owns 5,480 shares of the business services provider’s stock valued at $379,000 after buying an additional 42 shares during the period. Renaissance Group LLC grew its stake in shares of Deluxe by 0.8% in the 2nd quarter. Renaissance Group LLC now owns 5,133 shares of the business services provider’s stock valued at $355,000 after buying an additional 42 shares during the period. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Deluxe by 1.0% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 8,442 shares of the business services provider’s stock valued at $560,000 after buying an additional 82 shares during the period. Finally, ETRADE Capital Management LLC grew its stake in shares of Deluxe by 3.0% in the 2nd quarter. ETRADE Capital Management LLC now owns 3,497 shares of the business services provider’s stock valued at $242,000 after buying an additional 103 shares during the period. Institutional investors own 92.71% of the company’s stock.
Shares of Deluxe Co. (NYSE DLX) opened at $74.56 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.93 and a quick ratio of 0.83. The company has a market capitalization of $3,580.00, a PE ratio of 13.84 and a beta of 1.35. Deluxe Co. has a 12 month low of $66.43 and a 12 month high of $75.94.
Deluxe (NYSE:DLX) last issued its earnings results on Thursday, October 26th. The business services provider reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.07. The company had revenue of $497.70 million during the quarter, compared to the consensus estimate of $487.77 million. Deluxe had a return on equity of 27.56% and a net margin of 10.24%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $1.22 EPS.
The company also recently announced a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.20 annualized dividend and a dividend yield of 1.61%. Deluxe’s dividend payout ratio is presently 29.41%.
In other news, CEO Lee J. Schram sold 33,030 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $71.32, for a total value of $2,355,699.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.40% of the company’s stock.
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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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