Nisa Investment Advisors LLC Has $514,000 Position in Deluxe Corporation (NYSE:DLX)

Nisa Investment Advisors LLC lowered its holdings in shares of Deluxe Corporation (NYSE:DLXFree Report) by 10.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,539 shares of the business services provider’s stock after selling 3,870 shares during the period. Nisa Investment Advisors LLC owned about 0.07% of Deluxe worth $514,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DLX. GAMMA Investing LLC boosted its stake in Deluxe by 1,067.0% during the first quarter. GAMMA Investing LLC now owns 2,229 shares of the business services provider’s stock worth $35,000 after buying an additional 2,038 shares in the last quarter. Security National Bank lifted its position in shares of Deluxe by 97.8% during the 1st quarter. Security National Bank now owns 3,567 shares of the business services provider’s stock worth $56,000 after buying an additional 1,764 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Deluxe by 46.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,084 shares of the business services provider’s stock worth $161,000 after buying an additional 2,239 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Deluxe during the 4th quarter worth approximately $181,000. Finally, New Vernon Capital Holdings II LLC bought a new position in shares of Deluxe during the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Deluxe Stock Performance

Deluxe stock opened at $16.05 on Thursday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.93 and a quick ratio of 0.84. The stock has a fifty day moving average price of $15.42 and a two-hundred day moving average price of $17.05. Deluxe Corporation has a 52-week low of $13.61 and a 52-week high of $24.87. The firm has a market capitalization of $718.26 million, a P/E ratio of 12.84, a P/E/G ratio of 0.45 and a beta of 1.53.

Deluxe (NYSE:DLXGet Free Report) last posted its quarterly earnings data 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. The company had revenue of $536.50 million for the quarter, compared to analyst estimates of $525.43 million. Deluxe had a return on equity of 21.20% and a net margin of 2.64%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. As a group, analysts anticipate that Deluxe Corporation will post 2.77 EPS for the current fiscal year.

Deluxe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date was Monday, May 19th. Deluxe’s dividend payout ratio is currently 96.00%.

Analysts Set New Price Targets

DLX has been the subject of several recent analyst reports. Wall Street Zen upgraded Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 30th. TD Securities dropped their price objective on Deluxe from $33.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, May 1st.

Get Our Latest Stock Analysis on Deluxe

Deluxe Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

Receive News & Ratings for Deluxe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe and related companies with MarketBeat.com's FREE daily email newsletter.