Hsbc Holdings PLC Has $811,000 Stock Position in Deluxe Co. (NYSE:DLX)

Hsbc Holdings PLC raised its holdings in shares of Deluxe Co. (NYSE:DLX) by 230.3% in the second quarter, Holdings Channel reports. The institutional investor owned 36,491 shares of the business services provider’s stock after buying an additional 25,444 shares during the quarter. Hsbc Holdings PLC’s holdings in Deluxe were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in Deluxe during the 2nd quarter valued at $30,000. CWM LLC increased its holdings in shares of 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 purchasing an additional 1,489 shares during the period. Security National Bank acquired a new position in shares of Deluxe during the second quarter valued at about $40,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Deluxe in the first quarter valued at about $46,000. Finally, Federated Hermes Inc. grew its position in Deluxe by 55.9% during the second quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider’s stock worth $51,000 after buying an additional 811 shares in the last quarter. 93.90% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Barry C. Mccarthy purchased 2,820 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of $19.08 per share, with a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.23% of the stock is owned by corporate insiders.

Deluxe Trading Up 0.2 %

Shares of DLX stock opened at $19.21 on Monday. The firm has a fifty day moving average of $20.43 and a 200-day moving average of $21.06. The stock has a market cap of $846.12 million, a price-to-earnings ratio of 24.95, a P/E/G ratio of 0.58 and a beta of 1.47. Deluxe Co. has a 52-week low of $16.00 and a 52-week high of $24.87. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.87 and a current ratio of 0.97.

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

Deluxe Announces Dividend

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

Analysts Set New Price Targets

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

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.