Deluxe Corporation (DLX) Shares Bought by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Deluxe Corporation (NYSE:DLX) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,442 shares of the business services provider’s stock after buying an additional 82 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Deluxe Corporation were worth $560,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Deluxe Corporation by 2.5% during the second quarter. JPMorgan Chase & Co. now owns 239,588 shares of the business services provider’s stock worth $16,584,000 after buying an additional 5,754 shares during the last quarter. Jensen Investment Management Inc. lifted its holdings in shares of Deluxe Corporation by 24.1% during the second quarter. Jensen Investment Management Inc. now owns 8,850 shares of the business services provider’s stock worth $613,000 after buying an additional 1,720 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Deluxe Corporation by 4.0% during the second quarter. Principal Financial Group Inc. now owns 209,248 shares of the business services provider’s stock worth $14,484,000 after buying an additional 7,991 shares during the last quarter. Renaissance Group LLC lifted its holdings in shares of Deluxe Corporation by 0.8% during the second quarter. Renaissance Group LLC now owns 5,133 shares of the business services provider’s stock worth $355,000 after buying an additional 42 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Deluxe Corporation by 12.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the business services provider’s stock worth $167,000 after buying an additional 276 shares during the last quarter. Institutional investors own 91.40% of the company’s stock.

In other news, Director Ronald C. Baldwin sold 2,000 shares of Deluxe Corporation stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through this link. Also, VP John D. Filby sold 18,936 shares of Deluxe Corporation stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.21, for a total value of $1,367,368.56. Following the transaction, the vice president now owns 46,154 shares of the company’s stock, valued at $3,332,780.34. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Separately, BidaskClub lowered Deluxe Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 29th.

Deluxe Corporation (NYSE DLX) opened at 69.08 on Tuesday. Deluxe Corporation has a one year low of $59.47 and a one year high of $75.94. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 14.78 and a beta of 1.36. The stock’s 50 day moving average price is $69.34 and its 200-day moving average price is $70.33.

Deluxe Corporation (NYSE:DLX) last issued its earnings results on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $479.42 million. During the same period in the previous year, the company posted $1.20 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts expect that Deluxe Corporation will post $5.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.20 annualized dividend and a dividend yield of 1.74%. Deluxe Corporation’s dividend payout ratio is currently 25.64%.

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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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