Deluxe Co. (NYSE:DLX) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its holdings in Deluxe Co. (NYSE:DLX) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,458 shares of the business services provider’s stock after acquiring an additional 1,413 shares during the period. Rhumbline Advisers owned about 0.32% of Deluxe worth $3,200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in Deluxe by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,750,481 shares of the business services provider’s stock valued at $37,548,000 after acquiring an additional 130,357 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Deluxe by 26.8% in the fourth quarter. Allianz Asset Management GmbH now owns 112,456 shares of the business services provider’s stock valued at $2,412,000 after acquiring an additional 23,799 shares during the last quarter. Olympiad Research LP purchased a new stake in shares of Deluxe in the fourth quarter valued at about $289,000. Alberta Investment Management Corp raised its holdings in shares of Deluxe by 37.4% in the fourth quarter. Alberta Investment Management Corp now owns 34,900 shares of the business services provider’s stock valued at $749,000 after buying an additional 9,500 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Deluxe during the fourth quarter worth about $220,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Deluxe Trading Down 1.6 %

Shares of DLX opened at $19.73 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 2.44. The firm’s 50-day moving average is $21.03 and its two-hundred day moving average is $21.04. Deluxe Co. has a twelve month low of $16.00 and a twelve month high of $24.87. The firm has a market capitalization of $869.03 million, a P/E ratio of 25.99, a PEG ratio of 0.56 and a beta of 1.47.

Deluxe (NYSE:DLX) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.29. Deluxe had a net margin of 1.78% and a return on equity of 20.90%. The company had revenue of $537.80 million for the quarter, compared to the consensus estimate of $537.90 million. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, research analysts predict that Deluxe Co. will post 2.8 earnings per share for the current fiscal year.

Deluxe Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.08%. The ex-dividend date was Monday, August 19th. Deluxe’s dividend payout ratio (DPR) is presently 155.84%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,820 shares of Deluxe stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $19.08 per share, with a total value of $53,805.60. Following the completion of the acquisition, the chief executive officer now directly owns 178,670 shares of the company’s stock, valued at $3,409,023.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 4.23% of the company’s stock.

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.