Investment House LLC raised its position in Deluxe Co. (NYSE:DLX) by 8.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 91,435 shares of the business services provider’s stock after buying an additional 7,455 shares during the period. Investment House LLC’s holdings in Deluxe were worth $7,026,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Deluxe by 29.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,128 shares of the business services provider’s stock valued at $240,000 after buying an additional 716 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Deluxe by 1.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 168,249 shares of the business services provider’s stock worth $12,928,000 after purchasing an additional 1,653 shares during the last quarter. Perkins Capital Management Inc. boosted its position in shares of Deluxe by 15.7% in the 4th quarter. Perkins Capital Management Inc. now owns 14,350 shares of the business services provider’s stock worth $1,103,000 after purchasing an additional 1,950 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Deluxe in the 4th quarter worth $1,231,000. Finally, JLB & Associates Inc. boosted its position in shares of Deluxe by 7.6% in the 4th quarter. JLB & Associates Inc. now owns 134,413 shares of the business services provider’s stock worth $10,328,000 after purchasing an additional 9,550 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.
In related news, CEO Lee J. Schram sold 33,030 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $71.32, for a total transaction of $2,355,699.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Julie M. Loosbrock sold 2,198 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $76.37, for a total value of $167,861.26. Following the sale, the vice president now directly owns 13,286 shares in the company, valued at approximately $1,014,651.82. The disclosure for this sale can be found here. Insiders sold a total of 40,630 shares of company stock worth $2,936,544 over the last 90 days. 2.40% of the stock is owned by corporate insiders.
Deluxe (NYSE:DLX) last posted its quarterly earnings results on Thursday, January 25th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.40. Deluxe had a return on equity of 26.80% and a net margin of 11.71%. The business had revenue of $494.90 million for the quarter, compared to analyst estimates of $500.75 million. During the same period last year, the company earned $1.35 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. sell-side analysts predict that Deluxe Co. will post 5.68 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.62%. Deluxe’s dividend payout ratio is currently 29.41%.
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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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