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 (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.
TRADEMARK VIOLATION NOTICE: This article was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2018/01/08/gsa-capital-partners-llp-buys-new-stake-in-deluxe-co-dlx.html.
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.
Want to see what other hedge funds are holding DLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deluxe Co. (NYSE:DLX).
What are top analysts saying about Deluxe? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Deluxe and related companies.