Deluxe Co. (DLX) Stake Lessened by Royce & Associates LP

Royce & Associates LP lowered its stake in shares of Deluxe Co. (NYSE:DLX) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,990 shares of the business services provider’s stock after selling 1,497 shares during the period. Royce & Associates LP owned 0.07% of Deluxe worth $2,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its position in shares of Deluxe by 153.8% during the third quarter. Stifel Financial Corp now owns 7,346 shares of the business services provider’s stock valued at $539,000 after buying an additional 4,452 shares during the last quarter. OxFORD Asset Management LLP raised its position in shares of Deluxe by 21.4% during the third quarter. OxFORD Asset Management LLP now owns 35,046 shares of the business services provider’s stock valued at $2,562,000 after buying an additional 6,168 shares during the last quarter. RK Capital Management LLC raised its position in shares of Deluxe by 4.2% during the third quarter. RK Capital Management LLC now owns 243,793 shares of the business services provider’s stock valued at $17,787,000 after buying an additional 9,900 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Deluxe by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,127,352 shares of the business services provider’s stock valued at $82,252,000 after buying an additional 19,105 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Deluxe by 5.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 339,049 shares of the business services provider’s stock valued at $24,738,000 after buying an additional 17,203 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

In other news, CEO Lee J. Schram sold 33,030 shares of Deluxe stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $71.32, for a total transaction of $2,355,699.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

Shares of Deluxe Co. (NYSE DLX) opened at $75.88 on Thursday. The stock has a market cap of $3,646.65, a P/E ratio of 14.55 and a beta of 1.35. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.75. Deluxe Co. has a 1 year low of $66.43 and a 1 year high of $77.19.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 20th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Friday, November 17th. Deluxe’s payout ratio is currently 29.41%.

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Deluxe 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.

Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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