Rhumbline Advisers Has $2.06 Million Position in Deluxe Co. (NYSE:DLX)

Rhumbline Advisers lessened its position in Deluxe Co. (NYSE:DLX) by 4.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 130,201 shares of the business services provider’s stock after selling 6,004 shares during the period. Rhumbline Advisers owned approximately 0.29% of Deluxe worth $2,058,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its stake in Deluxe by 93.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the business services provider’s stock valued at $25,000 after buying an additional 534 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Deluxe by 46.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,084 shares of the business services provider’s stock worth $161,000 after purchasing an additional 2,239 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Deluxe in the fourth quarter worth $181,000. New Vernon Capital Holdings II LLC bought a new position in Deluxe in the 4th quarter worth about $204,000. Finally, XTX Topco Ltd bought a new stake in Deluxe during the 4th quarter worth approximately $208,000. 93.90% of the stock is owned by institutional investors.

Deluxe Stock Performance

Shares of DLX stock opened at $15.04 on Tuesday. Deluxe Co. has a 52 week low of $13.61 and a 52 week high of $24.87. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 2.36. The stock has a fifty day moving average of $14.94 and a 200 day moving average of $18.06. The firm has a market capitalization of $672.67 million, a price-to-earnings ratio of 12.74, a PEG ratio of 0.52 and a beta of 1.51.

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

Deluxe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.98%. The ex-dividend date of this dividend was Monday, May 19th. Deluxe’s dividend payout ratio (DPR) is 96.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented on DLX shares. Wall Street Zen raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a report on Friday, May 30th. TD Securities cut their price target on shares of Deluxe from $33.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, May 1st.

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.