Epoch Investment Partners Inc. increased its position in shares of Deluxe Co. (NYSE:DLX) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 225,149 shares of the business services provider’s stock after buying an additional 1,082 shares during the period. Epoch Investment Partners Inc. owned 0.49% of Deluxe worth $8,654,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. New Vernon Capital Holdings II LLC raised its stake in shares of Deluxe by 45.1% in the 4th quarter. New Vernon Capital Holdings II LLC now owns 6,397 shares of the business services provider’s stock valued at $246,000 after buying an additional 1,987 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Deluxe by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,446,176 shares of the business services provider’s stock valued at $55,591,000 after buying an additional 100,786 shares in the last quarter. United Services Automobile Association raised its stake in shares of Deluxe by 3.6% in the 4th quarter. United Services Automobile Association now owns 117,205 shares of the business services provider’s stock valued at $4,505,000 after buying an additional 4,126 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Deluxe by 70.5% in the 4th quarter. Commonwealth Bank of Australia now owns 7,500 shares of the business services provider’s stock valued at $288,000 after buying an additional 3,100 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Deluxe by 132.9% in the 4th quarter. Hsbc Holdings PLC now owns 209,743 shares of the business services provider’s stock valued at $8,062,000 after buying an additional 119,678 shares in the last quarter. 85.05% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on DLX. Zacks Investment Research upgraded shares of Deluxe from a “sell” rating to a “hold” rating and set a $54.00 price objective for the company in a research note on Monday, February 4th. ValuEngine cut shares of Deluxe from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.00.
Deluxe (NYSE:DLX) last announced its earnings results on Thursday, January 24th. The business services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.07. The business had revenue of $524.70 million during the quarter, compared to analysts’ expectations of $522.60 million. Deluxe had a net margin of 7.80% and a return on equity of 26.89%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.40 EPS. As a group, equities research analysts forecast that Deluxe Co. will post 5.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Tuesday, February 19th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Friday, February 15th. Deluxe’s dividend payout ratio (DPR) is currently 21.09%.
Deluxe Company Profile
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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