Eaton Vance Management lifted its position in Deluxe Co. (NYSE:DLX) by 45.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 688,852 shares of the business services provider’s stock after acquiring an additional 213,867 shares during the period. Eaton Vance Management’s holdings in Deluxe were worth $52,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of DLX. Bank of New York Mellon Corp boosted its stake in Deluxe by 94.0% during the third quarter. Bank of New York Mellon Corp now owns 1,376,382 shares of the business services provider’s stock worth $100,420,000 after buying an additional 667,085 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Deluxe by 51.8% during the third quarter. JPMorgan Chase & Co. now owns 363,680 shares of the business services provider’s stock worth $26,644,000 after buying an additional 124,092 shares during the last quarter. Fort L.P. acquired a new position in Deluxe during the third quarter worth $8,820,000. BlackRock Inc. boosted its stake in Deluxe by 2.2% during the fourth quarter. BlackRock Inc. now owns 5,234,974 shares of the business services provider’s stock worth $402,257,000 after buying an additional 114,297 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Deluxe by 4.5% during the fourth quarter. LSV Asset Management now owns 2,281,193 shares of the business services provider’s stock worth $175,286,000 after buying an additional 97,360 shares during the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.
Deluxe Co. (NYSE:DLX) opened at $73.81 on Friday. The firm has a market capitalization of $3,503.52, a price-to-earnings ratio of 15.64 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.83 and a current ratio of 0.92. Deluxe Co. has a 12 month low of $66.43 and a 12 month high of $78.87.
Deluxe (NYSE:DLX) last released its quarterly earnings data on Thursday, January 25th. The business services provider reported $1.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.40. The company had revenue of $494.90 million for the quarter, compared to analyst estimates of $500.75 million. Deluxe had a return on equity of 26.80% and a net margin of 11.71%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 earnings per share. equities analysts forecast that Deluxe Co. will post 5.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, February 16th. Deluxe’s dividend payout ratio (DPR) is currently 25.42%.
In other Deluxe news, insider Malcolm Mcroberts sold 5,402 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $76.45, for a total transaction of $412,982.90. Following the transaction, the insider now owns 55,702 shares of the company’s stock, valued at $4,258,417.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Julie M. Loosbrock sold 2,198 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $76.37, for a total value of $167,861.26. Following the transaction, the vice president now directly owns 13,286 shares in the company, valued at approximately $1,014,651.82. The disclosure for this sale can be found here. Insiders have sold 40,630 shares of company stock worth $2,936,544 in the last three months. 2.40% of the stock is currently owned by corporate insiders.
TRADEMARK VIOLATION WARNING: This piece was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.thelincolnianonline.com/2018/02/24/deluxe-co-dlx-shares-bought-by-eaton-vance-management.html.
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.
Want to see what other hedge funds are holding DLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deluxe Co. (NYSE:DLX).
Receive News & Ratings for Deluxe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe and related companies with MarketBeat.com's FREE daily email newsletter.