Deluxe Co. (DLX) CEO Sells $2,355,699.60 in Stock

Deluxe Co. (NYSE:DLX) CEO Lee J. Schram sold 33,030 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $71.32, for a total transaction of $2,355,699.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Deluxe Co. (NYSE DLX) traded down $0.05 during trading hours on Thursday, hitting $71.10. 355,447 shares of the stock were exchanged, compared to its average volume of 264,937. The stock has a market capitalization of $3,420.00, a price-to-earnings ratio of 13.58 and a beta of 1.37. Deluxe Co. has a fifty-two week low of $66.43 and a fifty-two week high of $75.94. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.75.

Deluxe (NYSE:DLX) last issued its earnings results on Thursday, October 26th. The business services provider reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.07. The business had revenue of $497.70 million for the quarter, compared to analyst estimates of $487.77 million. Deluxe had a net margin of 10.24% and a return on equity of 27.56%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $1.22 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, November 17th. Deluxe’s dividend payout ratio (DPR) is presently 29.41%.

Separately, BidaskClub lowered shares of Deluxe from a “hold” rating to a “sell” rating in a research report on Sunday, August 6th.

Several large investors have recently modified their holdings of DLX. World Asset Management Inc increased its holdings in Deluxe by 1.2% during the second quarter. World Asset Management Inc now owns 3,027 shares of the business services provider’s stock valued at $210,000 after buying an additional 37 shares during the period. Suntrust Banks Inc. increased its holdings in Deluxe by 0.8% during the second quarter. Suntrust Banks Inc. now owns 5,480 shares of the business services provider’s stock valued at $379,000 after buying an additional 42 shares during the period. Renaissance Group LLC increased its holdings in Deluxe by 0.8% during the second quarter. Renaissance Group LLC now owns 5,133 shares of the business services provider’s stock valued at $355,000 after buying an additional 42 shares during the period. Smithfield Trust Co. increased its holdings in Deluxe by 2.0% during the second quarter. Smithfield Trust Co. now owns 3,638 shares of the business services provider’s stock valued at $252,000 after buying an additional 70 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in Deluxe by 1.0% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,442 shares of the business services provider’s stock valued at $560,000 after buying an additional 82 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

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About Deluxe

Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.

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