Malcolm Mcroberts Sells 5,402 Shares of Deluxe Co. (DLX) Stock

Deluxe Co. (NYSE:DLX) insider Malcolm Mcroberts sold 5,402 shares of Deluxe stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $76.45, for a total transaction of $412,982.90. Following the completion of the sale, the insider now directly owns 55,702 shares of the company’s stock, valued at approximately $4,258,417.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Deluxe Co. (NYSE DLX) opened at $74.27 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.92 and a quick ratio of 0.83. Deluxe Co. has a 1 year low of $66.43 and a 1 year high of $78.87. The company has a market cap of $3,637.44, a P/E ratio of 14.41 and a beta of 1.36.

Deluxe (NYSE:DLX) last posted its earnings results on Thursday, January 25th. The business services provider reported $1.40 EPS for the quarter, hitting analysts’ consensus estimates of $1.40. Deluxe had a net margin of 11.71% and a return on equity of 26.80%. The business had revenue of $494.90 million during the quarter, compared to the consensus estimate of $500.75 million. During the same quarter in the previous year, the firm posted $1.35 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. equities analysts expect that Deluxe Co. will post 5.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, February 16th. Deluxe’s dividend payout ratio (DPR) is presently 25.42%.

A number of large investors have recently bought and sold shares of the business. FMR LLC grew its position in shares of Deluxe by 8.2% during the 2nd quarter. FMR LLC now owns 3,528,134 shares of the business services provider’s stock valued at $244,217,000 after acquiring an additional 267,739 shares during the period. State Street Corp grew its position in shares of Deluxe by 3.1% during the 2nd quarter. State Street Corp now owns 1,647,025 shares of the business services provider’s stock valued at $114,012,000 after acquiring an additional 48,849 shares during the period. Bank of New York Mellon Corp grew its position in shares of Deluxe by 94.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,376,382 shares of the business services provider’s stock valued at $100,420,000 after acquiring an additional 667,085 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Deluxe by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,127,352 shares of the business services provider’s stock valued at $82,252,000 after acquiring an additional 19,105 shares during the period. Finally, Northern Trust Corp grew its position in shares of Deluxe by 2.1% during the 2nd quarter. Northern Trust Corp now owns 868,548 shares of the business services provider’s stock valued at $60,121,000 after acquiring an additional 17,968 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

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Deluxe 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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