Prudential Financial Inc. raised its holdings in shares of Deluxe Co. (NYSE:DLX) by 41.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,134,401 shares of the business services provider’s stock after purchasing an additional 330,989 shares during the period. Prudential Financial Inc. owned 2.71% of Deluxe worth $26,704,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Mutual of America Capital Management LLC grew its position in Deluxe by 1.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 39,838 shares of the business services provider’s stock worth $938,000 after purchasing an additional 622 shares during the period. Meeder Asset Management Inc. grew its position in Deluxe by 5.5% during the 1st quarter. Meeder Asset Management Inc. now owns 13,411 shares of the business services provider’s stock worth $348,000 after purchasing an additional 695 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Deluxe by 30.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,441 shares of the business services provider’s stock worth $89,000 after purchasing an additional 806 shares during the period. WASHINGTON TRUST Co acquired a new stake in Deluxe during the 1st quarter worth about $26,000. Finally, Systematic Financial Management LP boosted its stake in shares of Deluxe by 8.4% during the 1st quarter. Systematic Financial Management LP now owns 13,340 shares of the business services provider’s stock worth $346,000 after acquiring an additional 1,035 shares in the last quarter. 89.12% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet lowered shares of Deluxe from a “c-” rating to a “d” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $57.00.
Shares of Deluxe stock traded down $0.15 during trading on Friday, hitting $29.35. 194,525 shares of the stock were exchanged, compared to its average volume of 885,622. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -3.90 and a beta of 1.52. The firm’s 50-day moving average price is $25.69 and its 200 day moving average price is $26.93. Deluxe Co. has a 12-month low of $18.90 and a 12-month high of $54.15. The company has a debt-to-equity ratio of 2.42, a current ratio of 2.00 and a quick ratio of 1.87.
Deluxe (NYSE:DLX) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.55. The business had revenue of $410.40 million during the quarter. Deluxe had a negative net margin of 16.67% and a positive return on equity of 45.62%.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.09%. Deluxe’s dividend payout ratio (DPR) is currently 18.60%.
Deluxe Company Profile
Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.
Further Reading: Dividend
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