Shelton Capital Management Takes $251,000 Position in Deluxe Corporation (DLX)

Shelton Capital Management purchased a new position in Deluxe Corporation (NYSE:DLX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,624 shares of the business services provider’s stock, valued at approximately $251,000.

Several other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of Deluxe Corporation by 2.7% during the first quarter. JPMorgan Chase & Co. now owns 233,834 shares of the business services provider’s stock worth $16,876,000 after buying an additional 6,138 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Deluxe Corporation by 2.4% during the first quarter. Principal Financial Group Inc. now owns 201,257 shares of the business services provider’s stock worth $14,524,000 after buying an additional 4,661 shares in the last quarter. Advantus Capital Management Inc grew its holdings in shares of Deluxe Corporation by 2.8% during the first quarter. Advantus Capital Management Inc now owns 6,211 shares of the business services provider’s stock worth $448,000 after buying an additional 172 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Deluxe Corporation by 5.5% during the first quarter. Teachers Advisors LLC now owns 83,480 shares of the business services provider’s stock worth $6,025,000 after buying an additional 4,326 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Deluxe Corporation by 15.4% during the first quarter. Legal & General Group Plc now owns 50,002 shares of the business services provider’s stock worth $3,609,000 after buying an additional 6,678 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Separately, BidaskClub upgraded Deluxe Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th.

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Deluxe Corporation (NYSE DLX) opened at 72.43 on Tuesday. Deluxe Corporation has a 12-month low of $59.47 and a 12-month high of $75.94. The company’s 50 day moving average price is $70.74 and its 200-day moving average price is $70.04. The company has a market capitalization of $3.50 billion, a P/E ratio of 15.50 and a beta of 1.35.

Deluxe Corporation (NYSE:DLX) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $479.42 million. During the same period in the previous year, the business earned $1.20 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Equities analysts forecast that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.

In related news, Director Ronald C. Baldwin sold 2,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $72.41, for a total value of $144,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through COPYRIGHT VIOLATION NOTICE: This news story was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2017/10/17/shelton-capital-management-takes-251000-position-in-deluxe-corporation-dlx.html.

Deluxe Corporation (NYSE DLX) opened at 72.43 on Tuesday. Deluxe Corporation has a 12-month low of $59.47 and a 12-month high of $75.94. The company’s 50 day moving average price is $70.74 and its 200-day moving average price is $70.04. The company has a market capitalization of $3.50 billion, a P/E ratio of 15.50 and a beta of 1.35.

Deluxe Corporation (NYSE:DLX) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $479.42 million. During the same period in the previous year, the business earned $1.20 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Equities analysts forecast that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.

In related news, Director Ronald C. Baldwin sold 2,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $72.41, for a total value of $144,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John D. Filby sold 18,936 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.21, for a total value of $1,367,368.56. Following the completion of the sale, the vice president now directly 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.

Deluxe Corporation Company Profile

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.

Institutional Ownership by Quarter for Deluxe Corporation (NYSE:DLX)

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