14,260 Shares in Deluxe Co. (NYSE:DLX) Purchased by Kendall Capital Management

Kendall Capital Management acquired a new position in Deluxe Co. (NYSE:DLX) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,260 shares of the business services provider’s stock, valued at approximately $320,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Deluxe by 3.4% in the first quarter. Vanguard Group Inc. now owns 5,167,850 shares of the business services provider’s stock worth $106,406,000 after acquiring an additional 171,998 shares during the period. LSV Asset Management lifted its position in shares of Deluxe by 1.0% during the second quarter. LSV Asset Management now owns 2,112,423 shares of the business services provider’s stock valued at $47,445,000 after buying an additional 21,752 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Deluxe by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,040,327 shares of the business services provider’s stock valued at $45,824,000 after buying an additional 123,361 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Deluxe by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 813,712 shares of the business services provider’s stock valued at $18,276,000 after buying an additional 27,111 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Deluxe by 6.6% during the first quarter. Russell Investments Group Ltd. now owns 584,592 shares of the business services provider’s stock valued at $12,037,000 after buying an additional 36,133 shares during the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Deluxe Stock Performance

DLX stock opened at $19.99 on Friday. The firm has a market cap of $880.48 million, a price-to-earnings ratio of 25.96, a PEG ratio of 0.56 and a beta of 1.47. The firm has a 50-day simple moving average of $20.92 and a two-hundred day simple moving average of $21.03. Deluxe Co. has a one year low of $16.00 and a one year 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.

Deluxe (NYSE:DLX) last posted its quarterly earnings data 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 firm 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 company posted $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, equities analysts forecast that Deluxe Co. will post 2.8 EPS for the current fiscal year.

Deluxe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 6.00%. Deluxe’s dividend payout ratio (DPR) is currently 155.84%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research 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.