Brandywine Global Investment Management LLC reduced its stake in shares of Deluxe Co. (NYSE:DLX) by 12.8% during the fourth quarter, HoldingsChannel reports. The firm owned 166,790 shares of the business services provider’s stock after selling 24,494 shares during the period. Brandywine Global Investment Management LLC’s holdings in Deluxe were worth $12,817,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisor Group Inc. raised its stake in shares of Deluxe by 77.0% during the fourth quarter. Advisor Group Inc. now owns 4,303 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 1,872 shares in the last quarter. Granite Springs Asset Management LLC bought a new stake in shares of Deluxe during the fourth quarter valued at about $861,000. AXA raised its stake in shares of Deluxe by 56.8% during the fourth quarter. AXA now owns 270,582 shares of the business services provider’s stock valued at $20,792,000 after purchasing an additional 98,000 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Deluxe by 2.4% during the fourth quarter. Alliancebernstein L.P. now owns 155,191 shares of the business services provider’s stock valued at $11,925,000 after purchasing an additional 3,620 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in shares of Deluxe by 0.9% during the fourth quarter. Kennedy Capital Management Inc. now owns 199,693 shares of the business services provider’s stock valued at $15,344,000 after purchasing an additional 1,762 shares in the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.
Shares of Deluxe Co. (NYSE DLX) opened at $74.84 on Tuesday. Deluxe Co. has a one year low of $66.43 and a one year high of $78.87. The company has a current ratio of 0.92, a quick ratio of 0.82 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3,600.02, a PE ratio of 15.86 and a beta of 1.18.
Deluxe (NYSE:DLX) last issued its quarterly earnings results on Thursday, January 25th. The business services provider reported $1.40 EPS for the quarter, hitting the consensus estimate of $1.40. Deluxe had a net margin of 11.71% and a return on equity of 26.80%. The firm had revenue of $494.90 million for the quarter, compared to analysts’ expectations of $500.75 million. During the same period in the previous year, the business earned $1.35 earnings per share. Deluxe’s revenue for the quarter was up 3.1% compared to the same quarter last year. research analysts predict that Deluxe Co. will post 5.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, February 16th. Deluxe’s dividend payout ratio (DPR) is presently 25.42%.
In other Deluxe news, VP Julie M. Loosbrock sold 2,198 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $76.37, for a total value of $167,861.26. Following the sale, the vice president now directly owns 13,286 shares in the company, valued at $1,014,651.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lee J. Schram sold 17,370 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $73.65, for a total transaction of $1,279,300.50. Following the completion of the sale, the chief executive officer now owns 293,242 shares in the company, valued at $21,597,273.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,259 shares of company stock worth $2,400,074. 2.40% of the stock is owned by company 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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