DekaBank Deutsche Girozentrale Reduces Stock Position in Deluxe Co. (NYSE:DLX)

DekaBank Deutsche Girozentrale cut its stake in Deluxe Co. (NYSE:DLX) by 76.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,291 shares of the business services provider’s stock after selling 17,475 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Deluxe were worth $116,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DLX. Innealta Capital LLC purchased a new position in Deluxe during the 2nd quarter valued at about $30,000. CWM LLC increased its holdings in Deluxe by 555.6% during the 2nd quarter. CWM LLC now owns 1,757 shares of the business services provider’s stock worth $39,000 after acquiring an additional 1,489 shares during the period. Security National Bank purchased a new stake in Deluxe in the 2nd quarter worth approximately $40,000. Allspring Global Investments Holdings LLC bought a new position in Deluxe in the 1st quarter valued at $46,000. Finally, SG Americas Securities LLC purchased a new position in shares of Deluxe during the 1st quarter valued at $111,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Deluxe Price Performance

DLX opened at $19.39 on Friday. The stock has a market capitalization of $854.05 million, a P/E ratio of 25.18, a PEG ratio of 0.56 and a beta of 1.47. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 2.44. Deluxe Co. has a 12-month low of $16.00 and a 12-month high of $24.87. The stock has a 50-day moving average price of $20.86 and a 200-day moving average price of $21.04.

Deluxe (NYSE:DLX) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.57 by $0.29. Deluxe had a net margin of 1.78% and a return on equity of 20.90%. The firm had revenue of $537.80 million for the quarter, compared to the consensus estimate of $537.90 million. During the same period last year, the firm posted $0.83 earnings per share. The business’s revenue was down 5.9% compared to the same quarter last year. Equities analysts predict that Deluxe Co. will post 2.8 earnings per share for the current fiscal year.

Deluxe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.19%. Deluxe’s dividend payout ratio (DPR) is currently 155.84%.

Analyst Ratings Changes

Separately, StockNews.com cut Deluxe from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 6th.

Insider Transactions at Deluxe

In related news, CEO Barry C. Mccarthy bought 2,820 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of $19.08 per share, for a total transaction of $53,805.60. Following the acquisition, the chief executive officer now directly owns 178,670 shares of the company’s stock, valued at approximately $3,409,023.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.23% of the company’s stock.

About Deluxe

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.