New Mexico Educational Retirement Board Invests $922,000 in Deluxe Co. (DLX) Stock
New Mexico Educational Retirement Board acquired a new position in Deluxe Co. (NYSE:DLX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,000 shares of the business services provider’s stock, valued at approximately $922,000.
A number of other institutional investors have also modified their holdings of DLX. Bank of New York Mellon Corp raised its stake in Deluxe by 94.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,376,382 shares of the business services provider’s stock worth $100,420,000 after purchasing an additional 667,085 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Deluxe by 51.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 363,680 shares of the business services provider’s stock valued at $26,644,000 after buying an additional 124,092 shares in the last quarter. Fort L.P. acquired a new position in shares of Deluxe in the 3rd quarter valued at approximately $8,820,000. LSV Asset Management raised its position in shares of Deluxe by 4.5% in the 4th quarter. LSV Asset Management now owns 2,281,193 shares of the business services provider’s stock valued at $175,286,000 after buying an additional 97,360 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Deluxe by 52.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 160,009 shares of the business services provider’s stock valued at $11,675,000 after buying an additional 55,187 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.
Deluxe Co. (NYSE DLX) opened at $73.81 on Friday. The company has a market cap of $3,542.88, a P/E ratio of 14.03 and a beta of 1.18. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 0.66. Deluxe Co. has a 12-month low of $66.43 and a 12-month high of $78.87.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, February 16th. Deluxe’s payout ratio is presently 25.42%.
In other news, CEO Lee J. Schram sold 33,030 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $71.32, for a total value of $2,355,699.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Julie M. Loosbrock sold 2,198 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $76.37, for a total transaction of $167,861.26. Following the completion of the transaction, the vice president now owns 13,286 shares of the company’s stock, valued at $1,014,651.82. The disclosure for this sale can be found here. Insiders sold a total of 40,630 shares of company stock valued at $2,936,544 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.
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.
Want to see what other hedge funds are holding DLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deluxe Co. (NYSE:DLX).
Receive News & Ratings for Deluxe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe and related companies with MarketBeat.com's FREE daily email newsletter.