Retirement Systems of Alabama reduced its position in shares of Deluxe Co. (NYSE:DLX) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,763 shares of the business services provider’s stock after selling 11,068 shares during the period. Retirement Systems of Alabama’s holdings in Deluxe were worth $9,740,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. acquired a new position in Deluxe during the third quarter worth about $219,000. Investment House LLC grew its holdings in Deluxe by 12.1% during the third quarter. Investment House LLC now owns 83,980 shares of the business services provider’s stock worth $6,127,000 after acquiring an additional 9,045 shares during the period. Prudential Financial Inc. grew its holdings in Deluxe by 26.7% during the third quarter. Prudential Financial Inc. now owns 203,912 shares of the business services provider’s stock worth $14,877,000 after acquiring an additional 43,010 shares during the period. Aurora Investment Counsel acquired a new position in Deluxe during the fourth quarter worth about $2,689,000. Finally, Sei Investments Co. grew its holdings in Deluxe by 8.4% during the third quarter. Sei Investments Co. now owns 116,565 shares of the business services provider’s stock worth $8,504,000 after acquiring an additional 9,033 shares during the period. 93.78% of the stock is currently owned by hedge funds and other institutional investors.
Deluxe Co. (DLX) opened at $72.27 on Monday. The stock has a market capitalization of $3,468.96, a PE ratio of 13.74 and a beta of 1.18. Deluxe Co. has a fifty-two week low of $66.43 and a fifty-two week high of $78.87. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 0.66.
Deluxe (NYSE:DLX) last released its earnings results on Thursday, January 25th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.40. The firm 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%. Deluxe’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.35 earnings per share. analysts anticipate that Deluxe Co. will post 5.68 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Tuesday, February 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.66%. Deluxe’s dividend payout ratio (DPR) is 25.42%.
In related news, CEO Lee J. Schram sold 33,030 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Julie M. Loosbrock sold 2,198 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $76.37, for a total value of $167,861.26. Following the completion of the transaction, the vice president now owns 13,286 shares of the company’s stock, valued at approximately $1,014,651.82. The disclosure for this sale can be found here. Insiders sold a total of 40,630 shares of company stock valued at $2,936,544 in the last quarter. 2.40% of the stock is currently 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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