Insider Selling: Deluxe Co. (DLX) CEO Sells $2,355,699.60 in Stock
Deluxe Co. (NYSE:DLX) CEO Lee J. Schram sold 33,030 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $71.32, for a total transaction of $2,355,699.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Deluxe Co. (DLX) opened at $69.37 on Friday. The stock has a market cap of $3,421.44, a PE ratio of 13.65 and a beta of 1.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.93 and a quick ratio of 0.83. Deluxe Co. has a one year low of $66.43 and a one year high of $75.94.
Deluxe (NYSE:DLX) last issued its earnings results on Thursday, October 26th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The company had revenue of $497.70 million for the quarter, compared to analyst estimates of $487.77 million. Deluxe had a net margin of 10.24% and a return on equity of 27.56%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 EPS.
The firm also recently announced 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 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Friday, November 17th. Deluxe’s dividend payout ratio (DPR) is presently 29.41%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Eqis Capital Management Inc. bought a new position in Deluxe during the 3rd quarter worth approximately $219,000. WBI Investments Inc. boosted its stake in Deluxe by 341.2% during the 2nd quarter. WBI Investments Inc. now owns 122,891 shares of the business services provider’s stock worth $8,506,000 after acquiring an additional 95,035 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Deluxe by 2.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 280,669 shares of the business services provider’s stock worth $19,428,000 after acquiring an additional 6,840 shares during the last quarter. Investment House LLC boosted its stake in Deluxe by 12.1% during the 3rd quarter. Investment House LLC now owns 83,980 shares of the business services provider’s stock worth $6,127,000 after acquiring an additional 9,045 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Deluxe by 18.4% during the 2nd quarter. SG Americas Securities LLC now owns 18,021 shares of the business services provider’s stock worth $1,247,000 after acquiring an additional 2,799 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.
Separately, BidaskClub lowered shares of Deluxe from a “hold” rating to a “sell” rating in a research note on Sunday, August 6th.
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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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