Deluxe Co. (DLX) Shares Sold by Retirement Systems of Alabama

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.

COPYRIGHT VIOLATION NOTICE: This piece was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://ledgergazette.com/2018/02/19/deluxe-co-dlx-shares-sold-by-retirement-systems-of-alabama.html.

Deluxe 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.

Want to see what other hedge funds are holding DLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deluxe Co. (NYSE:DLX).

Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

Receive News & Ratings for Deluxe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply