Commerce Bank held its stake in shares of Deluxe Corporation (NYSE:DLX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,450 shares of the business services provider’s stock at the end of the 2nd quarter. Commerce Bank’s holdings in Deluxe Corporation were worth $308,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. raised its stake in Deluxe Corporation by 4.0% in the 2nd quarter. Principal Financial Group Inc. now owns 209,248 shares of the business services provider’s stock worth $14,484,000 after purchasing an additional 7,991 shares in the last quarter. Renaissance Group LLC raised its stake in Deluxe Corporation by 0.8% in the 2nd quarter. Renaissance Group LLC now owns 5,133 shares of the business services provider’s stock worth $355,000 after purchasing an additional 42 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Deluxe Corporation by 12.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the business services provider’s stock worth $167,000 after purchasing an additional 276 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Deluxe Corporation by 2.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 280,669 shares of the business services provider’s stock worth $19,428,000 after purchasing an additional 6,840 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Deluxe Corporation by 18.9% in the 2nd quarter. Pacer Advisors Inc. now owns 6,431 shares of the business services provider’s stock worth $445,000 after purchasing an additional 1,023 shares in the last quarter. Institutional investors and hedge funds own 91.40% of the company’s stock.
Deluxe Corporation (DLX) opened at 68.06 on Monday. The firm has a market capitalization of $3.29 billion, a PE ratio of 14.56 and a beta of 1.36. Deluxe Corporation has a 12 month low of $59.47 and a 12 month high of $75.94. The stock has a 50 day moving average of $69.37 and a 200 day moving average of $70.44.
Deluxe Corporation (NYSE:DLX) last announced its earnings results on Thursday, July 27th. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $485.20 million for the quarter, compared to the consensus estimate of $479.42 million. Deluxe Corporation had a net margin of 11.98% and a return on equity of 27.83%. Deluxe Corporation’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.20 earnings per share. On average, equities analysts predict that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Thursday, August 17th. Deluxe Corporation’s dividend payout ratio is currently 25.64%.
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In related news, Director Ronald C. Baldwin sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.41, for a total value of $144,820.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP John D. Filby sold 18,936 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.21, for a total transaction of $1,367,368.56. Following the completion of the sale, the vice president now directly owns 46,154 shares in the company, valued at $3,332,780.34. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
Separately, BidaskClub upgraded shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.
About Deluxe Corporation
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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