SG Americas Securities LLC trimmed its holdings in Deluxe Co. (NYSE:DLX – Get Rating) by 75.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,191 shares of the business services provider’s stock after selling 33,759 shares during the period. SG Americas Securities LLC’s holdings in Deluxe were worth $338,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Deluxe by 243.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,911 shares of the business services provider’s stock worth $61,000 after acquiring an additional 1,355 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of Deluxe in the fourth quarter valued at approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Deluxe by 40.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,074 shares of the business services provider’s stock worth $184,000 after buying an additional 1,757 shares during the last quarter. Versor Investments LP bought a new position in Deluxe in the 4th quarter worth $234,000. Finally, Inspire Investing LLC bought a new stake in Deluxe during the first quarter valued at about $235,000. Institutional investors and hedge funds own 90.86% of the company’s stock.
Wall Street Analysts Forecast Growth
DLX has been the topic of a number of research reports. Cowen dropped their target price on shares of Deluxe from $42.00 to $36.00 in a research report on Friday. StockNews.com raised Deluxe from a “hold” rating to a “buy” rating in a research report on Thursday, May 19th. Finally, Cowen lowered their price target on shares of Deluxe from $42.00 to $36.00 in a report on Friday.
Deluxe Stock Down 6.9 %
NYSE DLX opened at $23.57 on Monday. Deluxe Co. has a 1-year low of $20.48 and a 1-year high of $42.72. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 17.72 and a beta of 1.45. The stock’s 50 day moving average is $22.67 and its two-hundred day moving average is $27.04. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 2.71.
Deluxe (NYSE:DLX – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The business services provider reported $0.99 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.06). The company had revenue of $563.00 million during the quarter, compared to analyst estimates of $528.25 million. Deluxe had a net margin of 2.61% and a return on equity of 30.24%. Deluxe’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS.
Deluxe Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Monday, August 22nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.09%. The ex-dividend date is Friday, August 19th. Deluxe’s dividend payout ratio is currently 90.23%.
Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, Australia, South America, and Europe. It operates through four segments: Payments, Cloud Solutions, Promotional Solutions, and Checks. The company provides treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing, and paperless treasury management solutions, as well as payment exchange, and fraud and security services; web hosting and design services, data-driven marketing solutions and hosted solutions, such as digital engagement, logo design, financial institution profitability reporting, and business incorporation services.
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