Deluxe Corporation (NYSE:DLX) Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Deluxe Corporation (NYSE:DLX) by 6.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,021 shares of the business services provider’s stock after buying an additional 7,472 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.27% of Deluxe worth $1,913,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DLX. GAMMA Investing LLC grew its holdings 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 acquiring an additional 2,038 shares during the period. Security National Bank grew its stake 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 purchasing an additional 1,764 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings 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 valued at $161,000 after purchasing an additional 2,239 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Deluxe in the 4th quarter valued at $181,000. Finally, New Vernon Capital Holdings II LLC purchased a new stake in Deluxe during the fourth quarter worth $204,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Deluxe Trading Down 1.4%

Shares of NYSE:DLX opened at $16.29 on Thursday. The business’s 50 day moving average price is $15.58 and its 200-day moving average price is $16.66. Deluxe Corporation has a 1 year low of $13.61 and a 1 year high of $24.87. The firm has a market capitalization of $728.81 million, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.47 and a beta of 1.53. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.93 and a quick ratio of 0.84.

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

Deluxe Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors 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 7.37%. The ex-dividend date was Monday, May 19th. Deluxe’s dividend payout ratio is presently 96.00%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. TD Securities cut 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. Wall Street Zen raised Deluxe from a “buy” rating to a “strong-buy” rating in a report 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.