Hikari Tsushin Inc. purchased a new position in Deluxe Co. (NYSE:DLX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,738 shares of the business services provider’s stock, valued at approximately $210,000.
Other hedge funds also recently added to or reduced their stakes in the company. Aurora Investment Counsel purchased a new stake in Deluxe in the fourth quarter worth about $2,689,000. Sei Investments Co. grew its holdings in Deluxe by 8.4% in the third quarter. Sei Investments Co. now owns 116,565 shares of the business services provider’s stock worth $8,504,000 after purchasing an additional 9,033 shares during the period. Swiss National Bank grew its holdings in Deluxe by 2.7% in the fourth quarter. Swiss National Bank now owns 82,400 shares of the business services provider’s stock worth $6,332,000 after purchasing an additional 2,200 shares during the period. Bank of New York Mellon Corp grew its holdings in Deluxe by 94.0% in the third quarter. Bank of New York Mellon Corp now owns 1,376,382 shares of the business services provider’s stock worth $100,420,000 after purchasing an additional 667,085 shares during the period. Finally, Rothschild Asset Management Inc. grew its holdings in Deluxe by 5.3% in the third quarter. Rothschild Asset Management Inc. now owns 575,380 shares of the business services provider’s stock worth $41,980,000 after purchasing an additional 28,978 shares during the period. 94.30% of the stock is owned by institutional investors.
In other Deluxe news, VP Julie M. Loosbrock sold 2,198 shares of the company’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 owns 13,286 shares in the company, valued at $1,014,651.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Julie M. Loosbrock sold 4,203 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.21, for a total transaction of $311,904.63. Following the completion of the sale, the vice president now owns 12,726 shares in the company, valued at approximately $944,396.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,159 shares of company stock worth $3,592,415. Corporate insiders own 2.40% of the company’s stock.
Shares of DLX stock opened at $73.79 on Wednesday. The firm has a market cap of $3,531.97, a PE ratio of 15.63 and a beta of 1.18. The company has a quick ratio of 0.82, a current ratio of 0.92 and a debt-to-equity ratio of 0.66. Deluxe Co. has a fifty-two week low of $66.43 and a fifty-two week high of $78.87.
Deluxe (NYSE:DLX) last announced its quarterly earnings data on Thursday, January 25th. The business services provider reported $1.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.40. The business had revenue of $494.90 million for the quarter, compared to analysts’ expectations of $500.75 million. Deluxe had a net margin of 11.71% and a return on equity of 26.80%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.35 earnings per share. equities analysts expect that Deluxe Co. will post 5.68 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Friday, February 16th. Deluxe’s dividend payout ratio (DPR) is presently 25.42%.
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Deluxe 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.
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