Deluxe Co. (NYSE:DLX) Stock Position Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Deluxe Co. (NYSE:DLX) by 230.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,491 shares of the business services provider’s stock after purchasing an additional 25,444 shares during the quarter. Hsbc Holdings PLC owned about 0.08% of Deluxe worth $811,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Innealta Capital LLC bought a new stake in Deluxe during the second quarter worth approximately $30,000. CWM LLC raised its stake in shares of Deluxe by 555.6% in the 2nd quarter. CWM LLC now owns 1,757 shares of the business services provider’s stock worth $39,000 after buying an additional 1,489 shares in the last quarter. Security National Bank acquired a new stake in shares of Deluxe in the second quarter valued at $40,000. Allspring Global Investments Holdings LLC bought a new position in Deluxe during the first quarter valued at about $46,000. Finally, Federated Hermes Inc. grew its holdings in Deluxe by 55.9% during the second quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider’s stock worth $51,000 after acquiring an additional 811 shares during the period. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insider Activity

In other news, CEO Barry C. Mccarthy acquired 2,820 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of $19.08 per share, for a total transaction of $53,805.60. Following the completion of the acquisition, the chief executive officer now owns 178,670 shares of the company’s stock, valued at approximately $3,409,023.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.23% of the stock is owned by corporate insiders.

Deluxe Price Performance

Shares of DLX opened at $19.21 on Monday. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.97 and a quick ratio of 0.87. The company has a market capitalization of $846.12 million, a price-to-earnings ratio of 24.95, a P/E/G ratio of 0.58 and a beta of 1.47. The business’s 50-day moving average is $20.43 and its 200-day moving average is $21.06. Deluxe Co. has a fifty-two week low of $16.00 and a fifty-two week high of $24.87.

Deluxe (NYSE:DLX) last released its earnings results on Wednesday, July 31st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.29. Deluxe had a net margin of 1.78% and a return on equity of 20.90%. The company had revenue of $537.80 million during the quarter, compared to the consensus estimate of $537.90 million. During the same quarter in the prior year, the firm earned $0.83 EPS. The company’s revenue was down 5.9% compared to the same quarter last year. Equities research analysts expect that Deluxe Co. will post 2.8 EPS for the current fiscal year.

Deluxe Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend was Monday, August 19th. Deluxe’s dividend payout ratio (DPR) is presently 155.84%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 6th.

Deluxe Company 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.