Delphi Management Inc. MA trimmed its holdings in shares of Deluxe Corporation (NYSE:DLX) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,072 shares of the business services provider’s stock after selling 490 shares during the period. Deluxe Corporation makes up approximately 1.4% of Delphi Management Inc. MA’s investment portfolio, making the stock its 20th largest holding. Delphi Management Inc. MA owned 0.07% of Deluxe Corporation worth $2,497,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of DLX. Flinton Capital Management LLC increased its holdings in shares of Deluxe Corporation by 52.6% during the second quarter. Flinton Capital Management LLC now owns 2,320 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Deluxe Corporation by 12.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the business services provider’s stock valued at $167,000 after purchasing an additional 276 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Deluxe Corporation by 56.6% during the second quarter. Riverhead Capital Management LLC now owns 2,663 shares of the business services provider’s stock valued at $184,000 after purchasing an additional 963 shares during the period. Stifel Financial Corp acquired a new position in shares of Deluxe Corporation during the second quarter valued at $201,000. Finally, Alpine Global Management LLC acquired a new position in shares of Deluxe Corporation during the second quarter valued at $204,000. 91.32% of the stock is currently owned by institutional investors.
In other Deluxe Corporation news, Director Ronald C. Baldwin sold 2,000 shares of the business’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 document filed with the SEC, which is available at this link. Also, VP John D. Filby sold 18,936 shares of the business’s stock in a transaction on Monday, July 31st. The stock was 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 approximately $3,332,780.34. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.
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Shares of Deluxe Corporation (NYSE:DLX) traded down 0.11% on Wednesday, hitting $73.22. The stock had a trading volume of 79,634 shares. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 15.68 and a beta of 1.35. The firm has a 50 day moving average price of $70.17 and a 200-day moving average price of $69.99. Deluxe Corporation has a 52 week low of $59.47 and a 52 week high of $75.94.
Deluxe Corporation (NYSE:DLX) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $485.20 million for 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%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Analysts anticipate that Deluxe Corporation will post $5.25 EPS for the current year.
Separately, BidaskClub raised Deluxe Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th.
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.
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