Allianz Asset Management GmbH cut its position in shares of Deluxe Co. (NYSE:DLX) by 23.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 680,693 shares of the business services provider’s stock after selling 205,862 shares during the quarter. Allianz Asset Management GmbH owned about 1.41% of Deluxe worth $49,663,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. World Asset Management Inc increased its stake in Deluxe by 1.2% during the second quarter. World Asset Management Inc now owns 3,027 shares of the business services provider’s stock worth $210,000 after acquiring an additional 37 shares during the last quarter. Suntrust Banks Inc. increased its stake in Deluxe by 0.8% during the second quarter. Suntrust Banks Inc. now owns 5,480 shares of the business services provider’s stock worth $379,000 after acquiring an additional 42 shares during the last quarter. Renaissance Group LLC increased its stake in Deluxe 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 acquiring an additional 42 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in Deluxe by 1.0% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,442 shares of the business services provider’s stock worth $560,000 after acquiring an additional 82 shares during the last quarter. Finally, ETRADE Capital Management LLC increased its stake in Deluxe by 3.0% during the second quarter. ETRADE Capital Management LLC now owns 3,497 shares of the business services provider’s stock worth $242,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.
In other news, CEO Lee J. Schram sold 33,030 shares of the company’s stock in a transaction dated 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. 2.40% of the stock is owned by corporate insiders.
Shares of Deluxe Co. (NYSE DLX) traded up $0.65 during trading hours on Friday, reaching $76.04. The company’s stock had a trading volume of 686,157 shares, compared to its average volume of 304,237. The firm has a market capitalization of $3,690.00, a price-to-earnings ratio of 14.47 and a beta of 1.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.93 and a quick ratio of 0.83. Deluxe Co. has a 12 month low of $66.43 and a 12 month high of $76.94.
Deluxe (NYSE:DLX) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.07. Deluxe had a return on equity of 27.56% and a net margin of 10.24%. The company had revenue of $497.70 million during the quarter, compared to analyst estimates of $487.77 million. During the same period in the prior year, the firm posted $1.22 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 20th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Friday, November 17th. Deluxe’s payout ratio is 29.41%.
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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