Great West Life Assurance Co. Can lessened its holdings in shares of Deluxe Co. (NYSE:DLX) by 1.7% during the 1st quarter, HoldingsChannel reports. The firm owned 27,657 shares of the business services provider’s stock after selling 486 shares during the period. Great West Life Assurance Co. Can’s holdings in Deluxe were worth $1,208,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new position in shares of Deluxe during the 4th quarter valued at about $639,000. Citigroup Inc. lifted its holdings in shares of Deluxe by 328.9% during the 4th quarter. Citigroup Inc. now owns 66,373 shares of the business services provider’s stock valued at $2,552,000 after purchasing an additional 50,898 shares in the last quarter. State of Tennessee Treasury Department lifted its holdings in shares of Deluxe by 2.0% during the 4th quarter. State of Tennessee Treasury Department now owns 116,297 shares of the business services provider’s stock valued at $4,470,000 after purchasing an additional 2,312 shares in the last quarter. Round Hill Asset Management lifted its holdings in shares of Deluxe by 16.6% during the 4th quarter. Round Hill Asset Management now owns 26,990 shares of the business services provider’s stock valued at $1,037,000 after purchasing an additional 3,850 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Deluxe by 176.5% during the 4th quarter. Two Sigma Advisers LP now owns 135,815 shares of the business services provider’s stock valued at $5,221,000 after purchasing an additional 86,700 shares in the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.
Separately, Zacks Investment Research cut Deluxe from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 9th.
Deluxe (NYSE:DLX) last released its earnings results on Thursday, April 25th. The business services provider reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.44. The firm had revenue of $499.10 million for the quarter, compared to analysts’ expectations of $497.17 million. Deluxe had a return on equity of 27.70% and a net margin of 6.67%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 EPS. As a group, equities analysts expect that Deluxe Co. will post 6.42 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Friday, May 17th. Deluxe’s payout ratio is 21.09%.
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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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