Dimensional Fund Advisors LP Has $45.82 Million Position in Deluxe Co. (NYSE:DLX)

Dimensional Fund Advisors LP grew its stake in shares of Deluxe Co. (NYSE:DLX) by 6.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,040,327 shares of the business services provider’s stock after buying an additional 123,361 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Deluxe were worth $45,824,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allianz Asset Management GmbH raised its position in Deluxe by 26.8% in the fourth quarter. Allianz Asset Management GmbH now owns 112,456 shares of the business services provider’s stock valued at $2,412,000 after purchasing an additional 23,799 shares during the last quarter. Alberta Investment Management Corp increased its position in Deluxe by 37.4% in the 4th quarter. Alberta Investment Management Corp now owns 34,900 shares of the business services provider’s stock valued at $749,000 after acquiring an additional 9,500 shares during the period. Quadrature Capital Ltd bought a new position in shares of Deluxe during the fourth quarter valued at $220,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Deluxe in the first quarter worth $46,000. Finally, BNP Paribas Financial Markets lifted its holdings in Deluxe by 33.4% during the 1st quarter. BNP Paribas Financial Markets now owns 62,927 shares of the business services provider’s stock worth $1,296,000 after buying an additional 15,759 shares during the period. 93.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Deluxe Price Performance

Shares of NYSE DLX opened at $19.21 on Monday. The company has a market capitalization of $846.12 million, a PE ratio of 24.95, a P/E/G ratio of 0.58 and a beta of 1.47. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 2.44. Deluxe Co. has a twelve month low of $16.00 and a twelve month high of $24.87. The firm has a fifty day simple moving average of $20.43 and a 200 day simple moving average of $21.06.

Deluxe (NYSE:DLX) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.29. Deluxe had a return on equity of 20.90% and a net margin of 1.78%. The company had revenue of $537.80 million for the quarter, compared to the consensus estimate of $537.90 million. During the same period in the previous year, the business earned $0.83 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. On average, sell-side analysts forecast that Deluxe Co. will post 2.8 EPS for the current year.

Deluxe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.25%. The ex-dividend date was Monday, August 19th. Deluxe’s dividend payout ratio is presently 155.84%.

Insiders Place Their Bets

In related news, CEO Barry C. Mccarthy acquired 2,820 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average price of $19.08 per share, with a total value of $53,805.60. Following the transaction, the chief executive officer now directly owns 178,670 shares of the company’s stock, valued at $3,409,023.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate 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.