Vanguard Group Inc. Has $81.56 Million Position in Deluxe Corporation $DLX

Vanguard Group Inc. cut its position in shares of Deluxe Corporation (NYSE:DLX) by 1.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,158,828 shares of the business services provider’s stock after selling 101,724 shares during the quarter. Vanguard Group Inc. owned 11.54% of Deluxe worth $81,561,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Deluxe by 1,067.0% during the 1st 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 last quarter. Principal Financial Group Inc. lifted its position in shares of Deluxe by 2.7% in the first quarter. Principal Financial Group Inc. now owns 220,472 shares of the business services provider’s stock worth $3,486,000 after purchasing an additional 5,782 shares in the last quarter. LSV Asset Management boosted its holdings in Deluxe by 1.7% during the first quarter. LSV Asset Management now owns 1,848,739 shares of the business services provider’s stock worth $29,229,000 after purchasing an additional 30,608 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Deluxe by 3.4% in the fourth 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 in the last quarter. Finally, ProShare Advisors LLC bought a new position in Deluxe in the fourth quarter valued at $301,000. Institutional investors own 93.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Securities reduced their price objective on shares of Deluxe from $33.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Wall Street Zen lowered Deluxe from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Cowen restated a “buy” rating on shares of Deluxe in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Deluxe Price Performance

Shares of NYSE DLX opened at $20.0410 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 2.24. The business’s 50 day moving average price is $16.88 and its two-hundred day moving average price is $16.11. The company has a market cap of $899.44 million, a PE ratio of 15.54, a price-to-earnings-growth ratio of 0.55 and a beta of 1.49. Deluxe Corporation has a twelve month low of $13.61 and a twelve month high of $24.45.

Deluxe (NYSE:DLX) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.17. The company had revenue of $521.30 million during the quarter, compared to analysts’ expectations of $526.93 million. Deluxe had a return on equity of 21.12% and a net margin of 2.75%.The business’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.86 earnings per share. On average, analysts predict that Deluxe Corporation will post 2.77 EPS for the current year.

Deluxe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Monday, August 18th. Deluxe’s payout ratio is 93.02%.

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.