Schroder Investment Management Group Sells 73,980 Shares of Deluxe Co. (NYSE:DLX)

Schroder Investment Management Group lowered its position in Deluxe Co. (NYSE:DLX) by 18.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 326,690 shares of the business services provider’s stock after selling 73,980 shares during the period. Schroder Investment Management Group’s holdings in Deluxe were worth $9,540,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Deluxe by 6.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 10,499 shares of the business services provider’s stock worth $307,000 after acquiring an additional 656 shares in the last quarter. Strs Ohio raised its position in shares of Deluxe by 2.5% in the 3rd quarter. Strs Ohio now owns 28,700 shares of the business services provider’s stock worth $738,000 after acquiring an additional 700 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Deluxe by 14.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 6,811 shares of the business services provider’s stock worth $199,000 after acquiring an additional 838 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Deluxe by 3.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 29,085 shares of the business services provider’s stock worth $849,000 after buying an additional 950 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Deluxe by 4.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 24,986 shares of the business services provider’s stock worth $730,000 after buying an additional 971 shares during the last quarter. 88.60% of the stock is owned by hedge funds and other institutional investors.

Deluxe stock opened at $42.58 on Thursday. The company has a quick ratio of 1.66, a current ratio of 1.79 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $1.79 billion, a P/E ratio of 64.52 and a beta of 1.64. The stock’s 50 day moving average is $41.14 and its 200 day moving average is $32.11. Deluxe Co. has a twelve month low of $18.90 and a twelve month high of $43.94.

Deluxe (NYSE:DLX) last posted its quarterly earnings results on Thursday, February 4th. The business services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.19. The company had revenue of $454.50 million for the quarter. Deluxe had a return on equity of 43.69% and a net margin of 1.56%.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Tuesday, February 16th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 12th. This represents a $1.20 annualized dividend and a yield of 2.82%.

Deluxe Profile

Deluxe Corporation provides technology-enabled solutions to small businesses and financial institutions in the United States, Canada, Australia, South America, and Europe. It operates through four segments: Payments, Cloud Solutions, Promotional Solutions, and Checks. The company provides treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing, and paperless treasury management solutions, as well as payment exchange, and fraud and security services; web hosting and design services, data-driven marketing solutions and hosted solutions that comprise digital engagement, logo design, financial institution profitability reporting, and business incorporation services.

See Also: Why Invest in Dividend Kings

Want to see what other hedge funds are holding DLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deluxe Co. (NYSE:DLX).

Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

Receive News & Ratings for Deluxe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe and related companies with MarketBeat.com's FREE daily email newsletter.