First Trust Advisors LP raised its holdings in shares of Deluxe Corporation (NYSE:DLX) by 21.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,149 shares of the business services provider’s stock after acquiring an additional 7,758 shares during the quarter. First Trust Advisors LP owned approximately 0.09% of Deluxe Corporation worth $3,148,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. FMR LLC raised its holdings in Deluxe Corporation by 8.2% during the second quarter. FMR LLC now owns 3,528,134 shares of the business services provider’s stock valued at $244,217,000 after acquiring an additional 267,739 shares during the period. LSV Asset Management raised its holdings in Deluxe Corporation by 5.4% during the second quarter. LSV Asset Management now owns 2,003,550 shares of the business services provider’s stock valued at $138,685,000 after acquiring an additional 103,500 shares during the period. State Street Corp raised its holdings in Deluxe Corporation by 3.1% during the second quarter. State Street Corp now owns 1,647,025 shares of the business services provider’s stock valued at $114,012,000 after acquiring an additional 48,849 shares during the period. Schroder Investment Management Group raised its holdings in Deluxe Corporation by 14.1% during the second quarter. Schroder Investment Management Group now owns 1,476,419 shares of the business services provider’s stock valued at $101,607,000 after acquiring an additional 182,600 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Deluxe Corporation by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,247 shares of the business services provider’s stock valued at $76,713,000 after acquiring an additional 72,222 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub cut Deluxe Corporation from a “hold” rating to a “sell” rating in a report on Sunday, August 6th.
Deluxe Corporation (NYSE:DLX) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.07. The business had revenue of $497.70 million for the quarter, compared to analysts’ expectations of $487.77 million. Deluxe Corporation had a return on equity of 27.56% and a net margin of 10.24%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $1.22 earnings per share. equities research analysts predict that Deluxe Corporation will post 5.25 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be issued a $0.30 dividend. The ex-dividend date is Friday, November 17th. This represents a $1.20 annualized dividend and a dividend yield of 1.75%. Deluxe Corporation’s dividend payout ratio (DPR) is 29.41%.
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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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