LSV Asset Management Raises Holdings in Deluxe Corporation (NYSE:DLX)

LSV Asset Management grew its position in shares of Deluxe Corporation (NYSE:DLX) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,848,739 shares of the business services provider’s stock after purchasing an additional 30,608 shares during the quarter. LSV Asset Management owned approximately 4.13% of Deluxe worth $29,229,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Burney Co. purchased a new position in shares of Deluxe during the first quarter worth about $164,000. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Deluxe by 6.6% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 121,021 shares of the business services provider’s stock worth $1,913,000 after buying an additional 7,472 shares during the last quarter. Bailard Inc. grew its holdings in shares of Deluxe by 46.5% during the first quarter. Bailard Inc. now owns 18,020 shares of the business services provider’s stock worth $285,000 after buying an additional 5,720 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Deluxe by 2.7% during the first quarter. Principal Financial Group Inc. now owns 220,472 shares of the business services provider’s stock worth $3,486,000 after buying an additional 5,782 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Deluxe by 167.6% during the first quarter. Sequoia Financial Advisors LLC now owns 62,388 shares of the business services provider’s stock worth $986,000 after buying an additional 39,078 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Deluxe Price Performance

Shares of NYSE:DLX opened at $15.60 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 2.34. The company has a market cap of $697.94 million, a P/E ratio of 12.48, a PEG ratio of 0.45 and a beta of 1.49. Deluxe Corporation has a 52 week low of $13.61 and a 52 week high of $24.45. The company has a 50-day moving average price of $15.71 and a 200 day moving average price of $16.50.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DLX. Wall Street Zen raised Deluxe from a “buy” rating to a “strong-buy” rating in a report on Friday, May 30th. TD Securities lowered their price target on Deluxe from $33.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, May 1st.

Deluxe Company 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.