Retirement Systems of Alabama Reduces Holdings in Deluxe Corporation (DLX)

Retirement Systems of Alabama lessened its position in Deluxe Corporation (NYSE:DLX) by 11.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,831 shares of the business services provider’s stock after selling 17,205 shares during the period. Retirement Systems of Alabama owned approximately 0.29% of Deluxe Corporation worth $10,056,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Flinton Capital Management LLC increased its holdings in shares of Deluxe Corporation by 52.6% in the 2nd quarter. Flinton Capital Management LLC now owns 2,320 shares of the business services provider’s stock worth $161,000 after acquiring an additional 800 shares during the period. Bessemer Group Inc. increased its holdings in shares of Deluxe Corporation by 61.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,320 shares of the business services provider’s stock worth $169,000 after acquiring an additional 883 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 acquiring an additional 276 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Deluxe Corporation by 56.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,663 shares of the business services provider’s stock worth $184,000 after acquiring an additional 963 shares during the period. Finally, Bradley Foster & Sargent Inc. CT acquired a new stake in shares of Deluxe Corporation in the 3rd quarter worth about $202,000. 92.84% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub cut shares of Deluxe Corporation from a “hold” rating to a “sell” rating in a report on Sunday, August 6th.

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Shares of Deluxe Corporation (DLX) opened at $67.81 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.93 and a quick ratio of 0.83. Deluxe Corporation has a twelve month low of $66.43 and a twelve month high of $75.94. The firm has a market cap of $3,260.00, a PE ratio of 13.02 and a beta of 1.37.

Deluxe Corporation (NYSE:DLX) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.07. Deluxe Corporation had a net margin of 10.24% and a return on equity of 27.56%. The company had revenue of $497.70 million during the quarter, compared to analysts’ expectations of $487.77 million. During the same quarter last year, the company posted $1.22 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. analysts expect that Deluxe Corporation will post 5.25 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be given a $0.30 dividend. The ex-dividend date is Friday, November 17th. This represents a $1.20 annualized dividend and a yield of 1.77%. Deluxe Corporation’s dividend payout ratio is presently 29.41%.

Deluxe Corporation 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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Institutional Ownership by Quarter for Deluxe Corporation (NYSE:DLX)

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