Texas Permanent School Fund boosted its position in shares of Deluxe Corporation (NYSE:DLX) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 35,411 shares of the business services provider’s stock after buying an additional 289 shares during the period. Texas Permanent School Fund’s holdings in Deluxe Corporation were worth $2,451,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Flinton Capital Management LLC boosted its position in shares of Deluxe Corporation by 9.2% in the first quarter. Flinton Capital Management LLC now owns 1,520 shares of the business services provider’s stock worth $110,000 after buying an additional 128 shares in the last quarter. TrimTabs Asset Management LLC boosted its position in shares of Deluxe Corporation by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the business services provider’s stock worth $114,000 after buying an additional 744 shares in the last quarter. Meadow Creek Investment Management LLC boosted its position in shares of Deluxe Corporation by 9.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,090 shares of the business services provider’s stock worth $151,000 after buying an additional 176 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Deluxe Corporation by 64.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,136 shares of the business services provider’s stock worth $154,000 after buying an additional 836 shares in the last quarter. Finally, Glen Harbor Capital Management LLC boosted its position in shares of Deluxe Corporation by 9.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,660 shares of the business services provider’s stock worth $192,000 after buying an additional 224 shares in the last quarter. 93.25% of the stock is currently owned by institutional investors.

Deluxe Corporation (DLX) opened at 69.55 on Thursday. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 14.88 and a beta of 1.35. The company’s 50-day moving average price is $70.18 and its 200 day moving average price is $71.21. Deluxe Corporation has a 52-week low of $59.47 and a 52-week high of $75.94.

Deluxe Corporation (NYSE:DLX) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The company had revenue of $485.20 million for the quarter, compared to analysts’ expectations of $479.42 million. During the same quarter in the prior year, the firm earned $1.20 earnings per share. Deluxe Corporation’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Deluxe Corporation will post $5.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 17th. This represents a $1.20 annualized dividend and a yield of 1.73%. Deluxe Corporation’s dividend payout ratio (DPR) is presently 25.64%.

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A number of equities analysts recently weighed in on the company. BidaskClub raised Deluxe Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded Deluxe Corporation from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research report on Tuesday, May 2nd.

In other Deluxe Corporation news, Director Ronald C. Baldwin sold 2,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.41, for a total transaction of $144,820.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP John D. Filby sold 18,936 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.21, for a total value 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 company 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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Institutional Ownership by Quarter for Deluxe Corporation (NYSE:DLX)

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