Clark Estates Inc. NY raised its holdings in Deluxe Co. (NYSE:DLX) by 15.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,900 shares of the business services provider’s stock after buying an additional 8,000 shares during the period. Clark Estates Inc. NY owned 0.13% of Deluxe worth $3,411,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in DLX. BlackRock Inc. increased its stake in shares of Deluxe by 10.1% during the 2nd quarter. BlackRock Inc. now owns 5,881,487 shares of the business services provider’s stock worth $389,412,000 after purchasing an additional 538,145 shares during the last quarter. Morgan Stanley increased its stake in shares of Deluxe by 113.6% during the 2nd quarter. Morgan Stanley now owns 750,694 shares of the business services provider’s stock worth $49,703,000 after purchasing an additional 399,319 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Deluxe by 47.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,127,455 shares of the business services provider’s stock worth $74,648,000 after purchasing an additional 365,138 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Deluxe by 2,091.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 370,300 shares of the business services provider’s stock worth $21,085,000 after purchasing an additional 353,400 shares during the last quarter. Finally, Credit Suisse AG increased its stake in shares of Deluxe by 159.9% during the 3rd quarter. Credit Suisse AG now owns 316,196 shares of the business services provider’s stock worth $18,005,000 after purchasing an additional 194,528 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.
In related news, SVP Jeffrey Louis Cotter purchased 2,035 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were acquired at an average price of $49.20 per share, for a total transaction of $100,122.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Keith A. Bush purchased 2,020 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was bought at an average price of $49.60 per share, for a total transaction of $100,192.00. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.
DLX has been the topic of several recent analyst reports. TheStreet lowered shares of Deluxe from a “b-” rating to a “c+” rating in a research note on Tuesday, August 21st. Buckingham Research lowered their price objective on shares of Deluxe from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, October 26th.
Deluxe stock opened at $49.66 on Friday. The stock has a market cap of $2.31 billion, a PE ratio of 9.01 and a beta of 1.00. Deluxe Co. has a fifty-two week low of $43.72 and a fifty-two week high of $78.87. The company has a current ratio of 1.25, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93.
Deluxe (NYSE:DLX) last released its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.08. The company had revenue of $493.20 million for the quarter. Deluxe had a net margin of 9.00% and a return on equity of 26.00%. Research analysts expect that Deluxe Co. will post 5.63 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 19th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, November 16th. This represents a $1.20 annualized dividend and a dividend yield of 2.42%. Deluxe’s dividend payout ratio is presently 22.77%.
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Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.
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