Laurion Capital Management LP Takes Position in Deluxe Corporation (DLX)
Laurion Capital Management LP acquired a new position in shares of Deluxe Corporation (NYSE:DLX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,300 shares of the business services provider’s stock, valued at approximately $1,544,000.
Other large investors also recently modified their holdings of the company. Meadow Creek Investment Management LLC grew its holdings in Deluxe Corporation by 9.2% during the 1st quarter. Meadow Creek Investment Management LLC now owns 2,090 shares of the business services provider’s stock worth $151,000 after acquiring an additional 176 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Deluxe Corporation by 64.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,136 shares of the business services provider’s stock worth $154,000 after acquiring an additional 836 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in Deluxe Corporation by 56.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,663 shares of the business services provider’s stock worth $184,000 after acquiring an additional 963 shares during the last quarter. World Asset Management Inc grew its holdings in Deluxe Corporation by 0.4% during the 1st quarter. World Asset Management Inc now owns 2,990 shares of the business services provider’s stock worth $216,000 after acquiring an additional 13 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Deluxe Corporation by 2,985.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the business services provider’s stock worth $220,000 after acquiring an additional 2,956 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.
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Separately, BidaskClub raised shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st.
Shares of Deluxe Corporation (DLX) opened at 68.86 on Friday. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 14.73 and a beta of 1.36. Deluxe Corporation has a one year low of $59.47 and a one year high of $75.94. The firm’s 50-day moving average is $68.91 and its 200-day moving average is $70.08.
Deluxe Corporation (NYSE:DLX) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.29 earnings per share (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 analysts’ expectations of $479.42 million. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 EPS. Analysts expect that Deluxe Corporation will post $5.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Thursday, August 17th. Deluxe Corporation’s payout ratio is 25.64%.
In other Deluxe Corporation news, VP John D. Filby sold 18,936 shares of the stock in a transaction that occurred on 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 transaction, the vice president now directly owns 46,154 shares in the company, valued at approximately $3,332,780.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald C. Baldwin sold 2,000 shares of the 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 disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate 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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