Jane Street Group LLC Sells 52,165 Shares of Deluxe Co. (NYSE:DLX)

Jane Street Group LLC reduced its holdings in Deluxe Co. (NYSE:DLX) by 45.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,115 shares of the business services provider’s stock after selling 52,165 shares during the quarter. Jane Street Group LLC owned about 0.14% of Deluxe worth $1,426,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Wealthfront Advisers LLC purchased a new stake in Deluxe in the fourth quarter worth $220,326,000. Dimensional Fund Advisors LP raised its holdings in Deluxe by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,361,658 shares of the business services provider’s stock worth $53,351,000 after purchasing an additional 177,534 shares in the last quarter. Norges Bank bought a new position in Deluxe in the 4th quarter worth $3,210,000. Prudential Financial Inc. lifted its position in shares of Deluxe by 24.7% in the 4th quarter. Prudential Financial Inc. now owns 596,977 shares of the business services provider’s stock worth $13,486,000 after purchasing an additional 118,300 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Deluxe by 34.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 408,069 shares of the business services provider’s stock valued at $9,218,000 after purchasing an additional 103,989 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on DLX. TD Securities reduced their price target on shares of Deluxe from $33.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. StockNews.com downgraded Deluxe from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 26th. Finally, Sidoti raised Deluxe to a “hold” rating in a research report on Thursday, January 30th.

Insiders Place Their Bets

In other news, CEO Barry C. Mccarthy purchased 3,926 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $16.45 per share, for a total transaction of $64,582.70. Following the completion of the acquisition, the chief executive officer now directly owns 272,851 shares in the company, valued at $4,488,398.95. This represents a 1.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Deluxe Stock Performance

Shares of DLX stock opened at $15.16 on Tuesday. The company’s fifty day moving average price is $15.36 and its 200-day moving average price is $19.20. The stock has a market cap of $678.26 million, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.52 and a beta of 1.49. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36. Deluxe Co. has a 12 month low of $13.70 and a 12 month high of $24.87.

Deluxe (NYSE:DLX) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. Deluxe had a net margin of 2.49% and a return on equity of 21.33%. The business had revenue of $536.50 million for the quarter, compared to analyst estimates of $525.43 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Deluxe’s quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts expect that Deluxe Co. will post 2.77 EPS for the current fiscal year.

Deluxe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date of this dividend is Monday, May 19th. Deluxe’s payout ratio is 96.00%.

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.