JPMorgan Chase & Co. boosted its stake in Deluxe Corp. (NYSE:DLX) by 0.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 359,198 shares of the company’s stock after buying an additional 1,881 shares during the period. JPMorgan Chase & Co. owned 0.74% of Deluxe Corp. worth $23,840,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in DLX. Commonwealth Equity Services Inc boosted its position in shares of Deluxe Corp. by 0.4% in the first quarter. Commonwealth Equity Services Inc now owns 6,758 shares of the company’s stock valued at $422,000 after buying an additional 27 shares during the period. State Treasurer State of Michigan boosted its position in shares of Deluxe Corp. by 0.5% in the second quarter. State Treasurer State of Michigan now owns 19,662 shares of the company’s stock valued at $1,305,000 after buying an additional 100 shares during the period. Aviance Capital Management LLC boosted its position in shares of Deluxe Corp. by 1.9% in the second quarter. Aviance Capital Management LLC now owns 5,648 shares of the company’s stock valued at $375,000 after buying an additional 107 shares during the period. Capstone Asset Management Co. boosted its position in shares of Deluxe Corp. by 5.1% in the second quarter. Capstone Asset Management Co. now owns 3,540 shares of the company’s stock valued at $235,000 after buying an additional 171 shares during the period. Finally, CIBC World Markets Inc. boosted its position in shares of Deluxe Corp. by 3.4% in the second quarter. CIBC World Markets Inc. now owns 6,063 shares of the company’s stock valued at $402,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 90.57% of the company’s stock.
Deluxe Corp. (NYSE:DLX) traded down 2.46% during midday trading on Friday, reaching $68.20. The company’s stock had a trading volume of 208,681 shares. Deluxe Corp. has a 1-year low of $49.46 and a 1-year high of $70.26. The firm has a market capitalization of $3.33 billion, a PE ratio of 14.53 and a beta of 1.47. The firm has a 50 day moving average price of $68.09 and a 200 day moving average price of $65.03.
Deluxe Corp. (NYSE:DLX) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.02. Deluxe Corp. had a return on equity of 31.19% and a net margin of 12.86%. The business had revenue of $450.60 million for the quarter, compared to the consensus estimate of $450.56 million. During the same period last year, the business earned $1.13 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that Deluxe Corp. will post $4.93 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Thursday, August 18th. Deluxe Corp.’s payout ratio is 25.59%.
Separately, Zacks Investment Research cut Deluxe Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday.
In other Deluxe Corp. news, Director Neil Metviner sold 8,000 shares of Deluxe Corp. stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $69.23, for a total value of $553,840.00. The sale was disclosed in a filing with the SEC, which is available through this link. 2.90% of the stock is owned by corporate insiders.
About Deluxe Corp.
Deluxe Corporation provides payment solutions. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. Its Small Business Services segment offers services for marketing needs of small businesses, including Web design, hosting and other Web services; search engine optimization; marketing services, including e-mail, mobile, social media and other self-service marketing solutions; digital printing services, and logo design.
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