First Citizens Bank & Trust Co. increased its stake in Deluxe Corp. (NYSE:DLX) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,153 shares of the company’s stock after buying an additional 435 shares during the period. First Citizens Bank & Trust Co.’s holdings in Deluxe Corp. were worth $475,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of DLX. Clark Capital Management Group Inc. increased its stake in shares of Deluxe Corp. by 31.1% in the first quarter. Clark Capital Management Group Inc. now owns 78,378 shares of the company’s stock valued at $4,898,000 after buying an additional 18,597 shares in the last quarter. EFG Asset Management Americas Corp. increased its stake in Deluxe Corp. by 11.7% in the first quarter. EFG Asset Management Americas Corp. now owns 43,333 shares of the company’s stock worth $2,708,000 after buying an additional 4,545 shares during the period. Bayesian Capital Management LP acquired a new stake in Deluxe Corp. during the first quarter worth approximately $283,000. Wellington Management Group LLP increased its stake in Deluxe Corp. by 2.8% in the first quarter. Wellington Management Group LLP now owns 523,833 shares of the company’s stock worth $32,735,000 after buying an additional 14,135 shares during the period. Finally, Geode Capital Management LLC increased its stake in Deluxe Corp. by 2.8% in the first quarter. Geode Capital Management LLC now owns 469,346 shares of the company’s stock worth $29,329,000 after buying an additional 12,951 shares during the period. 90.57% of the stock is owned by hedge funds and other institutional investors.
Deluxe Corp. (NYSE:DLX) traded down 0.53% during midday trading on Friday, reaching $65.44. The company’s stock had a trading volume of 177,000 shares. The company’s 50-day moving average price is $67.52 and its 200-day moving average price is $65.72. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 13.94 and a beta of 1.39. Deluxe Corp. has a 1-year low of $49.46 and a 1-year high of $70.26.
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 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 company had revenue of $450.60 million for the quarter, compared to the consensus estimate of $450.56 million. During the same period in the previous year, the business earned $1.13 EPS. Deluxe Corp.’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts predict that Deluxe Corp. will post $4.93 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised Deluxe Corp. from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Tuesday, August 2nd.
In other news, Director Neil Metviner sold 8,000 shares of the business’s 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 Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by insiders.
Deluxe Corp. Company Profile
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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