Smith Asset Management Group LP increased its stake in Deluxe Co. (NYSE:DLX) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 56,136 shares of the business services provider’s stock after buying an additional 460 shares during the period. Smith Asset Management Group LP’s holdings in Deluxe were worth $3,886,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DLX. BlackRock Inc. increased its position in Deluxe by 23,073.3% in the first quarter. BlackRock Inc. now owns 5,191,045 shares of the business services provider’s stock valued at $374,639,000 after buying an additional 5,168,644 shares during the period. Vanguard Group Inc. increased its position in Deluxe by 3.9% in the first quarter. Vanguard Group Inc. now owns 4,133,898 shares of the business services provider’s stock valued at $298,344,000 after buying an additional 155,227 shares during the period. LSV Asset Management increased its position in Deluxe by 4.3% in the first quarter. LSV Asset Management now owns 1,900,050 shares of the business services provider’s stock valued at $137,126,000 after buying an additional 78,223 shares during the period. State Street Corp increased its position in Deluxe by 1.6% in the first quarter. State Street Corp now owns 1,598,176 shares of the business services provider’s stock valued at $115,345,000 after buying an additional 25,359 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Deluxe by 8.5% in the first quarter. Ameriprise Financial Inc. now owns 773,623 shares of the business services provider’s stock valued at $55,835,000 after buying an additional 60,898 shares during the period. Hedge funds and other institutional investors own 93.25% of the company’s stock.

Deluxe Co. (NYSE:DLX) opened at 67.50 on Friday. Deluxe Co. has a 52-week low of $59.47 and a 52-week high of $75.94. The firm has a market cap of $3.26 billion, a P/E ratio of 14.44 and a beta of 1.35. The company’s 50 day moving average is $70.11 and its 200 day moving average is $71.15.

Deluxe (NYSE:DLX) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The firm had revenue of $485.20 million for the quarter, compared to the consensus estimate of $479.42 million. Deluxe had a net margin of 12.28% and a return on equity of 25.50%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Equities research analysts forecast that Deluxe Co. will post $5.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, August 17th. Deluxe’s dividend payout ratio is currently 25.64%.

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DLX has been the subject of several research analyst reports. BidaskClub upgraded shares of Deluxe from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Deluxe from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Tuesday, May 2nd.

In related news, Director Ronald C. Baldwin sold 2,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.41, for a total transaction of $144,820.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John D. Filby sold 18,936 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 46,154 shares in the company, valued at approximately $3,332,780.34. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

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

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