Teacher Retirement System of Texas Makes New Investment in Deluxe Corporation $DLX

Teacher Retirement System of Texas purchased a new position in shares of Deluxe Corporation (NYSE:DLX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 99,110 shares of the business services provider’s stock, valued at approximately $1,577,000. Teacher Retirement System of Texas owned approximately 0.22% of Deluxe as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in DLX. GAMMA Investing LLC raised its position in shares of Deluxe by 1,067.0% in the 1st quarter. GAMMA Investing LLC now owns 2,229 shares of the business services provider’s stock worth $35,000 after purchasing an additional 2,038 shares during the last quarter. Principal Financial Group Inc. raised its position in Deluxe by 2.7% in the 1st 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. Nuveen LLC purchased a new position in Deluxe in the 1st quarter worth about $5,281,000. Voya Investment Management LLC raised its position in Deluxe by 130.7% in the 1st quarter. Voya Investment Management LLC now owns 83,569 shares of the business services provider’s stock worth $1,321,000 after buying an additional 47,345 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Deluxe in the 1st quarter worth about $325,000. Institutional investors own 93.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DLX. Wall Street Zen lowered Deluxe from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Deluxe in a research report on Wednesday, October 8th. Finally, Cowen reissued a “buy” rating on shares of Deluxe in a research report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Deluxe Trading Up 1.0%

Shares of NYSE:DLX opened at $18.28 on Wednesday. The stock has a 50 day moving average of $19.07 and a 200 day moving average of $17.16. The company has a market cap of $820.36 million, a PE ratio of 14.17, a price-to-earnings-growth ratio of 0.50 and a beta of 1.51. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 2.24. Deluxe Corporation has a 12-month low of $13.61 and a 12-month high of $24.45.

Deluxe (NYSE:DLX) last posted its quarterly earnings results on Wednesday, March 23rd. The business services provider reported $1.38 earnings per share for the quarter. Deluxe had a return on equity of 21.12% and a net margin of 2.75%.The business had revenue of $454.49 million during the quarter. As a group, equities research analysts expect that Deluxe Corporation will post 2.77 EPS for the current year.

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.