Deluxe Corporation (NYSE:DLX) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of Deluxe Corporation (NYSE:DLX) by 18,350.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,240 shares of the business services provider’s stock after buying an additional 35,049 shares during the period. GAMMA Investing LLC owned approximately 0.08% of Deluxe worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Deluxe by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,260,552 shares of the business services provider’s stock valued at $118,836,000 after buying an additional 64,060 shares in the last quarter. Invesco Ltd. increased its position in Deluxe by 6.8% during the 4th quarter. Invesco Ltd. now owns 766,490 shares of the business services provider’s stock valued at $17,315,000 after buying an additional 49,104 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Deluxe by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,188 shares of the business services provider’s stock valued at $569,000 after purchasing an additional 835 shares during the last quarter. Principal Financial Group Inc. grew its stake in Deluxe by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 214,690 shares of the business services provider’s stock valued at $4,850,000 after purchasing an additional 6,303 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in Deluxe during the 4th quarter valued at about $301,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Deluxe Stock Down 0.5%

Deluxe stock opened at $14.73 on Thursday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.84 and a current ratio of 0.93. The business’s 50-day simple moving average is $14.92 and its two-hundred day simple moving average is $18.02. The company has a market cap of $659.06 million, a PE ratio of 11.78, a PEG ratio of 0.42 and a beta of 1.51. Deluxe Corporation has a fifty-two week low of $13.61 and a fifty-two week high of $24.87.

Deluxe (NYSE:DLX) last issued its earnings results on Wednesday, April 30th. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. Deluxe had a return on equity of 21.20% and a net margin of 2.64%. The firm had revenue of $536.50 million for the quarter, compared to the consensus estimate of $525.43 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. Equities analysts anticipate that Deluxe Corporation will post 2.77 EPS for the current year.

Deluxe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a $0.30 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.15%. Deluxe’s payout ratio is 96.00%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DLX shares. TD Securities dropped their price target on Deluxe from $33.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Wall Street Zen upgraded Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 30th.

About Deluxe

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.