Louisiana State Employees Retirement System Has $879,000 Stake in Deluxe Corporation (DLX)

Louisiana State Employees Retirement System increased its stake in shares of Deluxe Corporation (NYSE:DLX) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,700 shares of the business services provider’s stock after buying an additional 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Deluxe Corporation were worth $879,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Flinton Capital Management LLC increased its position in shares of 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 increased its position in shares of 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 increased its position in shares of 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 increased its position in shares of 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 increased its position 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. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Deluxe Corporation (DLX) traded down 0.20% during midday trading on Friday, reaching $68.17. The company had a trading volume of 540,769 shares. The company has a market capitalization of $3.30 billion, a P/E ratio of 14.58 and a beta of 1.35. The firm has a 50-day moving average of $70.15 and a 200 day moving average of $71.00. Deluxe Corporation has a 1-year low of $59.47 and a 1-year high of $75.94.

Deluxe Corporation (NYSE:DLX) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The company had revenue of $485.20 million during the quarter, compared to analysts’ expectations of $479.42 million. During the same period last year, the business posted $1.20 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that Deluxe Corporation will post $5.25 EPS for the current 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 of this dividend is Thursday, August 17th. Deluxe Corporation’s dividend payout ratio (DPR) is presently 25.64%.

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DLX has been the subject of several research analyst reports. Zacks Investment Research upgraded Deluxe Corporation from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Tuesday, May 2nd. BidaskClub downgraded Deluxe Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 29th.

In other news, Director Ronald C. Baldwin sold 2,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $72.41, for a total value of $144,820.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP John D. Filby sold 18,936 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 46,154 shares in the company, valued at $3,332,780.34. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Deluxe Corporation Company Profile

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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