Seven Eight Capital LP Sells 5,300 Shares of Deluxe Co. (DLX)

Seven Eight Capital LP trimmed its position in Deluxe Co. (NYSE:DLX) by 21.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,900 shares of the business services provider’s stock after selling 5,300 shares during the period. Seven Eight Capital LP’s holdings in Deluxe were worth $1,076,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DLX. Stifel Financial Corp grew its position in shares of Deluxe by 32.5% in the 1st quarter. Stifel Financial Corp now owns 5,516 shares of the business services provider’s stock worth $409,000 after buying an additional 1,354 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in Deluxe by 50.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,778 shares of the business services provider’s stock worth $206,000 after purchasing an additional 931 shares during the period. Xact Kapitalforvaltning AB grew its holdings in Deluxe by 33.8% in the first quarter. Xact Kapitalforvaltning AB now owns 7,123 shares of the business services provider’s stock worth $527,000 after purchasing an additional 1,800 shares during the period. CIBC World Markets Inc. grew its holdings in Deluxe by 43.9% in the first quarter. CIBC World Markets Inc. now owns 6,042 shares of the business services provider’s stock worth $447,000 after purchasing an additional 1,842 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Deluxe by 1.9% in the first quarter. Principal Financial Group Inc. now owns 211,789 shares of the business services provider’s stock worth $15,675,000 after purchasing an additional 3,953 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on the company. TheStreet downgraded Deluxe from a “b-” rating to a “c+” rating in a research note on Tuesday, August 21st. Buckingham Research assumed coverage on Deluxe in a research note on Friday, October 12th. They issued a “neutral” rating and a $56.00 price target on the stock.



NYSE DLX opened at $45.07 on Friday. Deluxe Co. has a 12 month low of $44.94 and a 12 month high of $78.87. The firm has a market capitalization of $2.50 billion, a PE ratio of 8.55 and a beta of 0.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 1.16.

Deluxe (NYSE:DLX) last released its earnings results on Thursday, October 25th. The business services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. Deluxe had a return on equity of 26.05% and a net margin of 12.01%. As a group, equities analysts anticipate that Deluxe Co. will post 5.68 earnings per share for the current year.

About Deluxe

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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Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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