Brandywine Global Investment Management LLC trimmed its stake in Deluxe Co. (NYSE:DLX) by 12.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 166,790 shares of the business services provider’s stock after selling 24,494 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.35% of Deluxe worth $12,817,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of DLX. Ladenburg Thalmann Financial Services Inc. lifted its stake in Deluxe by 78.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,733 shares of the business services provider’s stock valued at $127,000 after buying an additional 764 shares during the last quarter. Bessemer Group Inc. lifted its stake in Deluxe by 61.4% in the third quarter. Bessemer Group Inc. now owns 2,320 shares of the business services provider’s stock valued at $169,000 after buying an additional 883 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in Deluxe in the fourth quarter valued at $212,000. Signition LP bought a new stake in Deluxe in the fourth quarter valued at $220,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Deluxe by 29.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,128 shares of the business services provider’s stock valued at $240,000 after buying an additional 716 shares during the last quarter. Institutional investors own 94.32% of the company’s stock.
In other Deluxe news, VP Julie M. Loosbrock sold 4,203 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.21, for a total value of $311,904.63. Following the sale, the vice president now directly owns 12,726 shares in the company, valued at $944,396.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lee J. Schram sold 17,370 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $73.65, for a total value of $1,279,300.50. Following the completion of the sale, the chief executive officer now owns 293,242 shares in the company, valued at $21,597,273.30. The disclosure for this sale can be found here. Insiders sold 32,259 shares of company stock worth $2,400,074 over the last quarter. 2.40% of the stock is currently owned by company insiders.
Deluxe (NYSE:DLX) last posted its earnings results on Thursday, January 25th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.40. The company had revenue of $494.90 million for the quarter, compared to analysts’ expectations of $500.75 million. Deluxe had a return on equity of 26.80% and a net margin of 11.71%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $1.35 earnings per share. equities research analysts anticipate that Deluxe Co. will post 5.68 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, February 16th. Deluxe’s payout ratio is 25.42%.
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Deluxe Company Profile
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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