Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Takes $177,000 Position in Deluxe Co. (NYSE:DLX)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Deluxe Co. (NYSE:DLXGet Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,176 shares of the business services provider’s stock, valued at approximately $177,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors raised its stake in shares of Deluxe by 73.1% during the first quarter. Captrust Financial Advisors now owns 2,229 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 941 shares in the last quarter. KBC Group NV purchased a new position in Deluxe during the second quarter valued at approximately $78,000. PNC Financial Services Group Inc. increased its holdings in Deluxe by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,061 shares of the business services provider’s stock valued at $93,000 after buying an additional 491 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Deluxe by 40.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,074 shares of the business services provider’s stock valued at $184,000 after buying an additional 1,757 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new position in Deluxe during the first quarter valued at approximately $209,000. Institutional investors own 89.54% of the company’s stock.

Deluxe Price Performance

NYSE DLX opened at $19.05 on Monday. The firm’s fifty day simple moving average is $17.62 and its two-hundred day simple moving average is $21.49. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 2.67. Deluxe Co. has a 12-month low of $15.30 and a 12-month high of $38.31. The firm has a market capitalization of $820.77 million, a P/E ratio of 13.71 and a beta of 1.48.

Deluxe (NYSE:DLXGet Rating) last released its quarterly earnings results on Thursday, August 4th. The business services provider reported $0.90 earnings per share (EPS) for the quarter. Deluxe had a net margin of 2.68% and a return on equity of 29.18%. The business had revenue of $563.00 million for the quarter, compared to analyst estimates of $528.25 million. During the same period in the previous year, the company earned $1.25 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis.

Deluxe Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Monday, November 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.30%. The ex-dividend date of this dividend is Friday, November 18th. Deluxe’s dividend payout ratio is currently 86.33%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DLX. Cowen cut their price objective on shares of Deluxe to $32.00 in a report on Thursday, October 13th. Cowen cut their price objective on shares of Deluxe from $42.00 to $36.00 in a report on Friday, August 5th. Finally, StockNews.com began coverage on shares of Deluxe in a report on Wednesday, October 12th. They set a “buy” rating on the stock.

About Deluxe

(Get Rating)

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, Australia, South America, and Europe. It operates through four segments: Payments, Cloud Solutions, Promotional Solutions, and Checks. The company provides treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing, and paperless treasury management solutions, as well as payment exchange, and fraud and security services; web hosting and design services, data-driven marketing solutions and hosted solutions, such as digital engagement, logo design, financial institution profitability reporting, and business incorporation services.

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Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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