Deutsche Bank AG Increases Stock Position in Deluxe Co. (NYSE:DLX)

Deutsche Bank AG grew its stake in Deluxe Co. (NYSE:DLX) by 53.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,701 shares of the business services provider’s stock after purchasing an additional 13,448 shares during the quarter. Deutsche Bank AG owned about 0.09% of Deluxe worth $874,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Bridgeway Capital Management LLC raised its holdings in Deluxe by 2.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 418,624 shares of the business services provider’s stock worth $9,457,000 after purchasing an additional 11,233 shares in the last quarter. Bank of America Corp DE raised its holdings in Deluxe by 14.2% in the 4th quarter. Bank of America Corp DE now owns 208,622 shares of the business services provider’s stock worth $4,713,000 after purchasing an additional 25,943 shares in the last quarter. Algert Global LLC raised its holdings in Deluxe by 3.3% in the 4th quarter. Algert Global LLC now owns 123,809 shares of the business services provider’s stock worth $2,797,000 after purchasing an additional 4,003 shares in the last quarter. Aristeia Capital L.L.C. bought a new position in Deluxe in the 4th quarter worth $684,000. Finally, AXA S.A. raised its holdings in Deluxe by 50.2% in the 4th quarter. AXA S.A. now owns 136,493 shares of the business services provider’s stock worth $3,083,000 after purchasing an additional 45,645 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Deluxe news, CEO Barry C. Mccarthy acquired 3,926 shares of the business’s stock in a transaction on Monday, March 10th. The shares were acquired 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 owns 272,851 shares in the company, valued at $4,488,398.95. This trade represents a 1.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on DLX shares. TD Securities decreased their price objective on shares of Deluxe from $33.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Sidoti upgraded shares of Deluxe to a “hold” rating in a report on Thursday, January 30th. Finally, Wall Street Zen lowered shares of Deluxe from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 26th.

Deluxe Trading Down 2.3%

NYSE:DLX opened at $13.63 on Tuesday. The firm has a market capitalization of $609.94 million, a P/E ratio of 11.55, a PEG ratio of 0.52 and a beta of 1.49. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.98 and a quick ratio of 0.83. Deluxe Co. has a one year low of $13.61 and a one year high of $24.87. The company’s 50-day simple moving average is $15.18 and its 200 day simple moving average is $18.96.

Deluxe (NYSE:DLX) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $536.50 million for the quarter, compared to analysts’ expectations of $525.43 million. Deluxe had a net margin of 2.49% and a return on equity of 21.33%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. As a group, analysts forecast that Deluxe Co. will post 2.77 EPS for the current fiscal year.

Deluxe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.80%. The ex-dividend date of this dividend is Monday, May 19th. Deluxe’s dividend payout ratio (DPR) is presently 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.