Advisors Asset Management Inc. trimmed its stake in Deluxe Co. (NYSE:DLX) by 10.9% during the second quarter, HoldingsChannel.com reports. The fund owned 9,227 shares of the business services provider’s stock after selling 1,133 shares during the quarter. Advisors Asset Management Inc.’s holdings in Deluxe were worth $686,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Lingohr & Partner Asset Management GmbH bought a new stake in Deluxe in the second quarter valued at $1,395,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Deluxe in the second quarter valued at $855,000. Canada Pension Plan Investment Board bought a new stake in Deluxe in the second quarter valued at $1,119,000. Burney Co. grew its holdings in shares of Deluxe by 0.9% during the second quarter. Burney Co. now owns 143,327 shares of the business services provider’s stock worth $9,490,000 after purchasing an additional 1,339 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of Deluxe by 4.1% during the second quarter. New York State Teachers Retirement System now owns 87,340 shares of the business services provider’s stock worth $5,783,000 after purchasing an additional 3,400 shares during the last quarter. Hedge funds and other institutional investors own 93.00% of the company’s stock.
Shares of DLX stock opened at $54.26 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The firm has a market cap of $2.71 billion, a PE ratio of 10.30 and a beta of 0.90. Deluxe Co. has a 52 week low of $53.76 and a 52 week high of $78.87.
Deluxe (NYSE:DLX) last announced its earnings results on Thursday, July 26th. The business services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.31 by $0.09. The company had revenue of $488.20 million for the quarter, compared to analysts’ expectations of $493.65 million. Deluxe had a return on equity of 26.05% and a net margin of 12.01%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share. As a group, equities analysts predict that Deluxe Co. will post 5.74 EPS for the current year.
Separately, TheStreet cut Deluxe from a “b-” rating to a “c+” rating in a report on Tuesday, August 21st.
Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.
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