GSA Capital Partners LLP Buys New Stake in Deluxe Co. (DLX)

GSA Capital Partners LLP purchased a new position in Deluxe Co. (NYSE:DLX) during the 3rd quarter, Holdings Channel reports. The fund purchased 4,769 shares of the business services provider’s stock, valued at approximately $348,000.

Several other large investors have also added to or reduced their stakes in DLX. Bank of New York Mellon Corp lifted its stake in shares of Deluxe by 94.0% in the third quarter. Bank of New York Mellon Corp now owns 1,376,382 shares of the business services provider’s stock worth $100,420,000 after acquiring an additional 667,085 shares in the last quarter. FMR LLC lifted its stake in shares of Deluxe by 8.2% in the second quarter. FMR LLC now owns 3,528,134 shares of the business services provider’s stock worth $244,217,000 after acquiring an additional 267,739 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Deluxe by 57.5% in the second quarter. Nordea Investment Management AB now owns 544,690 shares of the business services provider’s stock worth $37,703,000 after acquiring an additional 198,931 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Deluxe by 51.8% in the third quarter. JPMorgan Chase & Co. now owns 363,680 shares of the business services provider’s stock worth $26,644,000 after acquiring an additional 124,092 shares in the last quarter. Finally, Fort L.P. acquired a new position in shares of Deluxe in the third quarter worth about $8,820,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

In other Deluxe news, CEO Lee J. Schram sold 33,030 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $71.32, for a total transaction of $2,355,699.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Deluxe Co. (NYSE:DLX) opened at $77.24 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.75. Deluxe Co. has a one year low of $66.43 and a one year high of $77.43. The company has a market capitalization of $3,716.94, a PE ratio of 18.93 and a beta of 1.36.

Deluxe (NYSE:DLX) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.07. Deluxe had a return on equity of 27.56% and a net margin of 10.24%. The business had revenue of $497.70 million for the quarter, compared to analysts’ expectations of $487.77 million. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year.

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

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