Deluxe Co. (NYSE:DLX) Position Boosted by Man Group plc

Man Group plc grew its holdings in Deluxe Co. (NYSE:DLX) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 272,299 shares of the business services provider’s stock after purchasing an additional 21,714 shares during the period. Man Group plc owned about 0.65% of Deluxe worth $13,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DLX. Disciplined Growth Investors Inc. MN acquired a new stake in shares of Deluxe during the third quarter worth approximately $62,378,000. Brown Advisory Inc. boosted its stake in shares of Deluxe by 302.7% during the 2nd quarter. Brown Advisory Inc. now owns 680,409 shares of the business services provider’s stock valued at $27,666,000 after buying an additional 511,458 shares during the period. Voya Investment Management LLC grew its holdings in shares of Deluxe by 393.0% during the 3rd quarter. Voya Investment Management LLC now owns 362,314 shares of the business services provider’s stock valued at $17,811,000 after acquiring an additional 288,828 shares in the last quarter. Rothschild & Co. Asset Management US Inc. grew its holdings in shares of Deluxe by 49.6% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 795,142 shares of the business services provider’s stock valued at $32,330,000 after acquiring an additional 263,732 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Deluxe in the second quarter worth $10,242,000. 90.87% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE DLX opened at $50.31 on Wednesday. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 8.84 and a beta of 1.33. The business has a 50 day simple moving average of $50.43 and a 200 day simple moving average of $45.03. Deluxe Co. has a 52 week low of $36.11 and a 52 week high of $54.15. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.06 and a current ratio of 1.18.

Deluxe (NYSE:DLX) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.12. The firm had revenue of $493.60 million for the quarter, compared to the consensus estimate of $496.20 million. Deluxe had a positive return on equity of 33.33% and a negative net margin of 9.01%. The firm’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 earnings per share. On average, analysts predict that Deluxe Co. will post 6.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.39%. Deluxe’s dividend payout ratio (DPR) is 21.09%.

Several analysts recently issued reports on the company. ValuEngine upgraded Deluxe from a “strong sell” rating to a “sell” rating in a report on Friday, November 15th. Zacks Investment Research upgraded Deluxe from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Monday, November 18th.

In related news, Director Thomas Reddin sold 1,863 shares of Deluxe stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $52.50, for a total value of $97,807.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

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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