Hsbc Holdings PLC lifted its holdings in shares of Deluxe Co. (NYSE:DLX) by 45.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,065 shares of the business services provider’s stock after buying an additional 28,325 shares during the quarter. Hsbc Holdings PLC owned about 0.19% of Deluxe worth $5,128,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in shares of Deluxe during the 2nd quarter worth approximately $1,119,000. Voya Investment Management LLC grew its position in shares of Deluxe by 17.9% during the 2nd quarter. Voya Investment Management LLC now owns 91,608 shares of the business services provider’s stock worth $6,065,000 after buying an additional 13,886 shares during the period. Lingohr & Partner Asset Management GmbH acquired a new stake in shares of Deluxe during the 2nd quarter worth approximately $1,395,000. Wells Fargo & Company MN grew its position in shares of Deluxe by 10.0% during the 3rd quarter. Wells Fargo & Company MN now owns 1,239,886 shares of the business services provider’s stock worth $70,598,000 after buying an additional 112,431 shares during the period. Finally, Fort L.P. grew its position in shares of Deluxe by 3.3% during the 2nd quarter. Fort L.P. now owns 163,438 shares of the business services provider’s stock worth $10,821,000 after buying an additional 5,290 shares during the period. Institutional investors own 90.38% of the company’s stock.
Several equities research analysts have recently commented on DLX shares. Buckingham Research lowered their price target on shares of Deluxe from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, October 26th. TheStreet cut shares of Deluxe from a “b-” rating to a “c+” rating in a research report on Tuesday, August 21st.
Shares of NYSE DLX opened at $45.91 on Friday. The company has a market cap of $2.16 billion, a P/E ratio of 8.42 and a beta of 1.00. The company has a quick ratio of 1.12, a current ratio of 1.25 and a debt-to-equity ratio of 0.93. Deluxe Co. has a 52-week low of $43.72 and a 52-week high of $78.87.
Deluxe (NYSE:DLX) last issued its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.08. The firm had revenue of $493.20 million during the quarter. Deluxe had a net margin of 9.00% and a return on equity of 26.00%. As a group, equities research analysts predict that Deluxe Co. will post 5.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 19th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Friday, November 16th. Deluxe’s dividend payout ratio is currently 22.77%.
In other news, insider Keith A. Bush acquired 2,020 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was purchased at an average price of $49.60 per share, for a total transaction of $100,192.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey Louis Cotter acquired 2,035 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were purchased at an average price of $49.20 per share, with a total value of $100,122.00. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.
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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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