Lingohr & Partner Asset Management GmbH trimmed its position in shares of Deluxe Co. (NYSE:DLX) by 2.8% during the first quarter, Holdings Channel reports. The fund owned 17,442 shares of the business services provider’s stock after selling 500 shares during the quarter. Lingohr & Partner Asset Management GmbH’s holdings in Deluxe were worth $753,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Meeder Asset Management Inc. boosted its holdings in shares of Deluxe by 911.3% in the 4th quarter. Meeder Asset Management Inc. now owns 718 shares of the business services provider’s stock worth $28,000 after buying an additional 647 shares during the last quarter. Alpha Omega Wealth Management LLC boosted its holdings in shares of Deluxe by 129.5% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 771 shares of the business services provider’s stock worth $34,000 after buying an additional 435 shares during the last quarter. Bedel Financial Consulting Inc. purchased a new position in shares of Deluxe in the 4th quarter worth about $32,000. Truewealth LLC boosted its holdings in shares of Deluxe by 281.6% in the 1st quarter. Truewealth LLC now owns 954 shares of the business services provider’s stock worth $42,000 after buying an additional 704 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of Deluxe in the 4th quarter worth about $61,000. 89.28% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded shares of Deluxe from a “hold” rating to a “sell” rating in a report on Monday, January 28th.
Shares of NYSE:DLX opened at $38.83 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $1.69 billion, a P/E ratio of 6.82 and a beta of 1.33. Deluxe Co. has a fifty-two week low of $36.70 and a fifty-two week high of $69.61.
Deluxe (NYSE:DLX) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.44. The company had revenue of $499.10 million for the quarter, compared to the consensus estimate of $497.17 million. Deluxe had a net margin of 6.67% and a return on equity of 27.70%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.60 EPS. On average, analysts expect that Deluxe Co. will post 6.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.09%. The ex-dividend date is Friday, May 17th. Deluxe’s dividend payout ratio (DPR) is presently 21.09%.
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Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.
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