Deluxe Corporation (DLX) Shares Bought by Solaris Asset Management LLC

Solaris Asset Management LLC increased its stake in Deluxe Corporation (NYSE:DLX) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,855 shares of the business services provider’s stock after buying an additional 557 shares during the period. Deluxe Corporation comprises about 2.5% of Solaris Asset Management LLC’s holdings, making the stock its 15th largest position. Solaris Asset Management LLC owned about 0.12% of Deluxe Corporation worth $4,005,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flinton Capital Management LLC raised its position in Deluxe Corporation by 9.2% in the first quarter. Flinton Capital Management LLC now owns 1,520 shares of the business services provider’s stock valued at $110,000 after buying an additional 128 shares during the last quarter. TrimTabs Asset Management LLC raised its position in Deluxe Corporation by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the business services provider’s stock valued at $114,000 after buying an additional 744 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in Deluxe Corporation by 9.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,090 shares of the business services provider’s stock valued at $151,000 after buying an additional 176 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Deluxe Corporation by 64.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,136 shares of the business services provider’s stock valued at $154,000 after buying an additional 836 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its position in 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. 92.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Deluxe Corporation (NYSE DLX) traded down 0.20% on Friday, reaching $68.17. The company had a trading volume of 540,769 shares. The company has a 50 day moving average of $70.15 and a 200-day moving average of $71.00. Deluxe Corporation has a 52 week low of $59.47 and a 52 week high of $75.94. The company has a market capitalization of $3.30 billion, a P/E ratio of 14.58 and a beta of 1.35.

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

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

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Several research analysts have recently commented on the company. BidaskClub raised Deluxe Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised 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.

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

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

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