Sunnymeath Asset Management Inc. lowered its position in Deluxe Corporation (NYSE:DLX) by 19.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,000 shares of the company’s stock after selling 3,300 shares during the period. Deluxe Corporation makes up approximately 1.5% of Sunnymeath Asset Management Inc.’s investment portfolio, making the stock its 28th largest position. Sunnymeath Asset Management Inc.’s holdings in Deluxe Corporation were worth $668,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in Deluxe Corporation during the third quarter worth $170,000. Huntington National Bank increased its position in shares of Deluxe Corporation by 57.2% in the second quarter. Huntington National Bank now owns 3,076 shares of the company’s stock worth $204,000 after buying an additional 1,119 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in shares of Deluxe Corporation during the second quarter worth about $210,000. World Asset Management Inc acquired a new position in shares of Deluxe Corporation during the third quarter worth about $212,000. Finally, LS Investment Advisors LLC increased its position in shares of Deluxe Corporation by 5.6% in the third quarter. LS Investment Advisors LLC now owns 3,186 shares of the company’s stock worth $213,000 after buying an additional 168 shares during the last quarter. Institutional investors own 90.89% of the company’s stock.
Deluxe Corporation (NYSE:DLX) opened at 74.50 on Monday. The stock’s 50 day moving average price is $72.50 and its 200-day moving average price is $68.53. The firm has a market capitalization of $3.61 billion, a P/E ratio of 16.02 and a beta of 1.20. Deluxe Corporation has a 12 month low of $51.96 and a 12 month high of $74.75.
Deluxe Corporation (NYSE:DLX) last issued its quarterly earnings results on Thursday, January 26th. The company reported $1.35 EPS for the quarter, hitting the consensus estimate of $1.35. Deluxe Corporation had a net margin of 12.38% and a return on equity of 29.24%. The firm earned $480.20 million during the quarter, compared to analyst estimates of $480.92 million. During the same quarter in the prior year, the business posted $1.26 earnings per share. Deluxe Corporation’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts forecast that Deluxe Corporation will post $5.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 6th. Investors of record on Tuesday, February 21st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, February 16th. Deluxe Corporation’s dividend payout ratio (DPR) is 25.75%.
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Separately, Zacks Investment Research raised Deluxe Corporation from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Monday, October 31st.
In other news, Director Ronald C. Baldwin sold 586 shares of the stock in a transaction on Monday, November 28th. The shares were sold at an average price of $69.45, for a total value of $40,697.70. Following the completion of the sale, the director now owns 17,438 shares of the company’s stock, valued at $1,211,069.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald C. Baldwin sold 2,500 shares of the stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $69.11, for a total transaction of $172,775.00. Following the completion of the sale, the director now directly owns 17,438 shares of the company’s stock, valued at approximately $1,205,140.18. The disclosure for this sale can be found here. Insiders have sold 8,086 shares of company stock valued at $580,173 in the last ninety days. 2.90% of the stock is currently owned by company insiders.
About Deluxe Corporation
Deluxe Corporation provides payment solutions. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. Its Small Business Services segment offers services for marketing needs of small businesses, including Web design, hosting and other Web services; search engine optimization; marketing services, including e-mail, mobile, social media and other self-service marketing solutions; digital printing services, and logo design.
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