Deluxe Co. (NYSE:DLX) Shares Bought by Federated Investors Inc. PA

Federated Investors Inc. PA increased its position in Deluxe Co. (NYSE:DLX) by 6.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 199,148 shares of the business services provider’s stock after acquiring an additional 12,277 shares during the quarter. Federated Investors Inc. PA’s holdings in Deluxe were worth $8,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DLX. Norges Bank bought a new stake in shares of Deluxe in the fourth quarter worth $23,643,000. Two Sigma Investments LP grew its holdings in shares of Deluxe by 219.4% in the fourth quarter. Two Sigma Investments LP now owns 401,225 shares of the business services provider’s stock worth $15,423,000 after acquiring an additional 275,599 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of Deluxe by 466.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 268,531 shares of the business services provider’s stock worth $10,322,000 after acquiring an additional 221,130 shares during the period. Millennium Management LLC grew its holdings in shares of Deluxe by 817.4% in the fourth quarter. Millennium Management LLC now owns 245,522 shares of the business services provider’s stock worth $9,438,000 after acquiring an additional 218,759 shares during the period. Finally, Spark Investment Management LLC bought a new stake in shares of Deluxe in the first quarter worth $7,253,000. 87.90% of the stock is owned by institutional investors.

NYSE:DLX opened at $41.49 on Thursday. Deluxe Co. has a 52-week low of $36.11 and a 52-week high of $68.65. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.21 and a quick ratio of 1.08. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 7.29 and a beta of 1.40.

Deluxe (NYSE:DLX) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.44. Deluxe had a return on equity of 27.70% and a net margin of 6.67%. The business had revenue of $499.10 million during the quarter, compared to analyst estimates of $497.17 million. During the same quarter in the previous year, the company posted $1.60 earnings per share. Deluxe’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts predict that Deluxe Co. will post 6.42 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Friday, May 17th. Deluxe’s dividend payout ratio is presently 21.09%.

Separately, Zacks Investment Research raised Deluxe from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective for the company in a report on Wednesday, May 1st.

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Deluxe Profile

Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.

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Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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