State Treasurer State of Michigan lessened its position in shares of Deluxe Co. (NYSE:DLX) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,262 shares of the business services provider’s stock after selling 900 shares during the quarter. State Treasurer State of Michigan’s holdings in Deluxe were worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Deluxe by 78.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,733 shares of the business services provider’s stock worth $127,000 after purchasing an additional 764 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Deluxe by 61.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,320 shares of the business services provider’s stock worth $169,000 after buying an additional 883 shares during the period. Stifel Financial Corp bought a new position in shares of Deluxe during the 2nd quarter worth approximately $201,000. Bradley Foster & Sargent Inc. CT bought a new position in shares of Deluxe during the 3rd quarter worth approximately $202,000. Finally, Csenge Advisory Group bought a new position in shares of Deluxe during the 3rd quarter worth approximately $207,000. 93.78% of the stock is currently owned by institutional investors.
Deluxe Co. (NYSE:DLX) traded up $0.82 during trading on Friday, hitting $73.81. The company had a trading volume of 258,658 shares, compared to its average volume of 380,798. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.92 and a quick ratio of 0.83. The company has a market cap of $3,503.52, a P/E ratio of 15.64 and a beta of 1.18. Deluxe Co. has a 1-year low of $66.43 and a 1-year high of $78.87.
Deluxe (NYSE:DLX) last posted its earnings results on Thursday, January 25th. The business services provider reported $1.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.40. The business had revenue of $494.90 million during the quarter, compared to the consensus estimate of $500.75 million. Deluxe had a return on equity of 26.80% and a net margin of 11.71%. Deluxe’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $1.35 EPS. sell-side analysts anticipate that Deluxe Co. will post 5.68 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Tuesday, February 20th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, February 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.63%. Deluxe’s dividend payout ratio (DPR) is presently 25.42%.
In other Deluxe news, CEO Lee J. Schram sold 33,030 shares of Deluxe stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $71.32, for a total value of $2,355,699.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Malcolm Mcroberts sold 5,402 shares of Deluxe stock in a transaction on Monday, January 29th. The shares were sold at an average price of $76.45, for a total value of $412,982.90. Following the completion of the transaction, the insider now owns 55,702 shares of the company’s stock, valued at approximately $4,258,417.90. The disclosure for this sale can be found here. Insiders have sold a total of 40,630 shares of company stock valued at $2,936,544 in the last 90 days. 2.40% of the stock is owned by corporate insiders.
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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