American Century Companies Inc. Decreases Stock Holdings in Deluxe Co. (NYSE:DLX)

American Century Companies Inc. lowered its stake in Deluxe Co. (NYSE:DLX) by 25.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,078,952 shares of the business services provider’s stock after selling 692,887 shares during the quarter. American Century Companies Inc. owned 4.72% of Deluxe worth $46,693,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in shares of Deluxe during the 2nd quarter valued at $30,000. CWM LLC boosted its position in Deluxe by 555.6% in the second quarter. CWM LLC now owns 1,757 shares of the business services provider’s stock worth $39,000 after purchasing an additional 1,489 shares during the last quarter. Security National Bank bought a new stake in shares of Deluxe during the 2nd quarter valued at about $40,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Deluxe during the 1st quarter valued at about $46,000. Finally, SG Americas Securities LLC bought a new position in shares of Deluxe in the 1st quarter worth approximately $111,000. Institutional investors own 93.90% of the company’s stock.

Insider Activity

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,820 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average price of $19.08 per share, for a total transaction of $53,805.60. Following the purchase, the chief executive officer now owns 178,670 shares of the company’s stock, valued at approximately $3,409,023.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.23% of the company’s stock.

Deluxe Price Performance

NYSE DLX opened at $20.05 on Tuesday. The business’s fifty day moving average is $21.07 and its 200 day moving average is $21.04. Deluxe Co. has a fifty-two week low of $16.00 and a fifty-two week high of $24.87. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.87 and a current ratio of 0.97. The company has a market capitalization of $883.12 million, a PE ratio of 25.97, a price-to-earnings-growth ratio of 0.56 and a beta of 1.47.

Deluxe (NYSE:DLX) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.29. The firm had revenue of $537.80 million for the quarter, compared to analysts’ expectations of $537.90 million. Deluxe had a return on equity of 20.90% and a net margin of 1.78%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. Sell-side analysts predict that Deluxe Co. will post 2.8 earnings per share for the current year.

Deluxe Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.30 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.99%. Deluxe’s dividend payout ratio (DPR) is presently 155.84%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Deluxe from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 6th.

Deluxe 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.