Tower Research Capital LLC TRC increased its stake in Deluxe Corp. (NYSE:DLX) by 1,943.4% during the second quarter, Holdings Channel reports. The fund owned 2,309 shares of the company’s stock after buying an additional 2,196 shares during the period. Tower Research Capital LLC TRC’s holdings in Deluxe Corp. were worth $153,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL acquired a new stake in shares of Deluxe Corp. during the second quarter worth $7,978,000. Westpac Banking Corp increased its stake in shares of Deluxe Corp. by 6.0% in the second quarter. Westpac Banking Corp now owns 95,600 shares of the company’s stock worth $6,345,000 after buying an additional 5,400 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Deluxe Corp. by 0.7% in the second quarter. Vanguard Group Inc. now owns 3,943,177 shares of the company’s stock worth $261,708,000 after buying an additional 25,922 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Deluxe Corp. by 12.2% in the second quarter. Principal Financial Group Inc. now owns 186,584 shares of the company’s stock worth $12,384,000 after buying an additional 20,337 shares in the last quarter. Finally, Aull & Monroe Investment Management Corp acquired a new stake in shares of Deluxe Corp. during the second quarter worth $204,000. 90.57% of the stock is owned by institutional investors.
Shares of Deluxe Corp. (NYSE:DLX) opened at 66.17 on Friday. The company has a market cap of $3.23 billion, a P/E ratio of 14.09 and a beta of 1.39. Deluxe Corp. has a 12 month low of $49.46 and a 12 month high of $70.26. The company’s 50 day moving average is $67.80 and its 200-day moving average is $65.53.
Deluxe Corp. (NYSE:DLX) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.02. The business earned $450.60 million during the quarter, compared to the consensus estimate of $450.56 million. Deluxe Corp. had a net margin of 12.86% and a return on equity of 31.19%. Deluxe Corp.’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 EPS. Analysts expect that Deluxe Corp. will post $4.93 EPS for the current fiscal year.
Separately, Zacks Investment Research raised shares of Deluxe Corp. from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Tuesday, August 2nd.
In related news, Director Neil Metviner sold 8,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $69.23, for a total transaction of $553,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.90% of the company’s stock.
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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