Clark Estates Inc. NY Has $3,350,000 Position in Deluxe Corporation (DLX)

Clark Estates Inc. NY held its stake in shares of Deluxe Corporation (NYSE:DLX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,400 shares of the business services provider’s stock at the end of the second quarter. Clark Estates Inc. NY owned about 0.10% of Deluxe Corporation worth $3,350,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DLX. Glen Harbor Capital Management LLC boosted its stake in shares of Deluxe Corporation by 9.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,660 shares of the business services provider’s stock valued at $192,000 after buying an additional 224 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in shares of Deluxe Corporation by 35.4% in the first quarter. Sit Investment Associates Inc. now owns 24,075 shares of the business services provider’s stock valued at $1,737,000 after buying an additional 6,300 shares during the last quarter. Meritage Portfolio Management boosted its stake in shares of Deluxe Corporation by 1.4% in the first quarter. Meritage Portfolio Management now owns 117,029 shares of the business services provider’s stock valued at $8,446,000 after buying an additional 1,600 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Deluxe Corporation by 0.8% in the first quarter. Retirement Systems of Alabama now owns 148,114 shares of the business services provider’s stock valued at $10,689,000 after buying an additional 1,204 shares during the last quarter. Finally, Hartford Investment Management Co. boosted its stake in shares of Deluxe Corporation by 1.9% in the first quarter. Hartford Investment Management Co. now owns 3,906 shares of the business services provider’s stock valued at $282,000 after buying an additional 71 shares during the last quarter. 93.25% of the stock is owned by institutional investors and hedge funds.

Shares of Deluxe Corporation (DLX) opened at 68.31 on Friday. The stock has a market capitalization of $3.30 billion, a PE ratio of 14.61 and a beta of 1.35. Deluxe Corporation has a 52-week low of $59.47 and a 52-week high of $75.94. The stock has a 50 day moving average of $70.15 and a 200 day moving average of $71.19.

Deluxe Corporation (NYSE:DLX) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.05. Deluxe Corporation had a net margin of 11.98% and a return on equity of 27.83%. The business had revenue of $485.20 million for the quarter, compared to analysts’ expectations of $479.42 million. During the same quarter in the previous year, the business posted $1.20 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Analysts forecast that Deluxe Corporation will post $5.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Thursday, August 17th. Deluxe Corporation’s dividend payout ratio is currently 25.64%.

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Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Deluxe Corporation from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Tuesday, May 2nd. BidaskClub raised shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st.

In other news, Director Ronald C. Baldwin sold 2,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.41, for a total transaction of $144,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John D. Filby sold 18,936 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.21, for a total transaction of $1,367,368.56. Following the sale, the vice president now directly owns 46,154 shares of the company’s stock, valued at $3,332,780.34. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Deluxe Corporation (NYSE:DLX)

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