DekaBank Deutsche Girozentrale Makes New Investment in Deluxe Co. (NYSE:DLX)

DekaBank Deutsche Girozentrale acquired a new stake in Deluxe Co. (NYSE:DLX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the business services provider’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in Deluxe in the fourth quarter worth approximately $6,739,000. Millennium Management LLC lifted its holdings in shares of Deluxe by 81.3% in the second quarter. Millennium Management LLC now owns 462,075 shares of the business services provider’s stock valued at $10,013,000 after buying an additional 207,221 shares during the period. Dimensional Fund Advisors LP boosted its stake in Deluxe by 17.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,262,186 shares of the business services provider’s stock valued at $20,194,000 after buying an additional 188,788 shares in the last quarter. Marshall Wace LLP grew its holdings in Deluxe by 222.1% during the third quarter. Marshall Wace LLP now owns 248,468 shares of the business services provider’s stock worth $4,135,000 after acquiring an additional 171,327 shares during the period. Finally, BlackRock Inc. grew its holdings in Deluxe by 2.0% during the second quarter. BlackRock Inc. now owns 7,228,883 shares of the business services provider’s stock worth $126,361,000 after acquiring an additional 143,372 shares during the period. 93.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Barry C. Mccarthy bought 2,666 shares of Deluxe stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $19.25 per share, with a total value of $51,320.50. Following the completion of the acquisition, the chief executive officer now directly owns 173,410 shares in the company, valued at approximately $3,338,142.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.23% of the company’s stock.

Deluxe Price Performance

Shares of NYSE DLX opened at $18.68 on Wednesday. Deluxe Co. has a twelve month low of $13.61 and a twelve month high of $21.97. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 2.49. The firm has a 50-day moving average of $19.74 and a two-hundred day moving average of $19.32. The company has a market capitalization of $818.90 million, a price-to-earnings ratio of 31.65, a PEG ratio of 0.58 and a beta of 1.48.

Deluxe (NYSE:DLX) last released its earnings results on Thursday, February 1st. The business services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.75 by $0.05. The business had revenue of $537.40 million during the quarter, compared to analyst estimates of $537.80 million. Deluxe had a net margin of 1.20% and a return on equity of 21.53%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 earnings per share. As a group, analysts expect that Deluxe Co. will post 2.78 earnings per share for the current fiscal year.

Deluxe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.43%. The ex-dividend date of this dividend was Friday, February 16th. Deluxe’s dividend payout ratio is presently 203.39%.

Deluxe Profile

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.