Bank of New York Mellon Corp Sells 26,895 Shares of Deluxe Corporation (NYSE:DLX)

Bank of New York Mellon Corp lowered its stake in shares of Deluxe Corporation (NYSE:DLX) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 610,303 shares of the business services provider’s stock after selling 26,895 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.36% of Deluxe worth $9,649,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DLX. Swiss National Bank boosted its stake in shares of Deluxe by 1.2% in the 4th quarter. Swiss National Bank now owns 87,000 shares of the business services provider’s stock valued at $1,965,000 after purchasing an additional 1,000 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Deluxe by 4.2% in the 4th quarter. Teacher Retirement System of Texas now owns 47,245 shares of the business services provider’s stock valued at $1,067,000 after purchasing an additional 1,915 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Deluxe in the 4th quarter valued at about $213,000. Sei Investments Co. boosted its stake in shares of Deluxe by 10.2% in the 4th quarter. Sei Investments Co. now owns 233,687 shares of the business services provider’s stock valued at $5,279,000 after purchasing an additional 21,685 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Deluxe in the 4th quarter valued at about $181,000. Institutional investors own 93.90% of the company’s stock.

Analyst Ratings Changes

DLX has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Deluxe from a “buy” rating to a “strong-buy” rating in a report on Friday, May 30th. TD Securities dropped their price objective 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 Price Performance

NYSE:DLX opened at $16.24 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 2.34. The firm has a fifty day simple moving average of $15.44 and a 200 day simple moving average of $16.89. Deluxe Corporation has a 1-year low of $13.61 and a 1-year high of $24.87. The stock has a market capitalization of $726.62 million, a PE ratio of 12.99, a P/E/G ratio of 0.47 and a beta of 1.53.

Deluxe (NYSE:DLX) last released 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. Deluxe had a net margin of 2.64% and a return on equity of 21.20%. The firm had revenue of $536.50 million during the quarter, compared to analysts’ expectations of $525.43 million. During the same period in the previous year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts expect that Deluxe Corporation will post 2.77 EPS for the current fiscal year.

Deluxe Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.39%. The ex-dividend date of this dividend was Monday, May 19th. Deluxe’s payout ratio is 96.00%.

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.