Sei Investments Co. Sells 73,434 Shares of Deluxe Co. (NYSE:DLX)

Sei Investments Co. decreased its stake in shares of Deluxe Co. (NYSE:DLX) by 22.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,482 shares of the business services provider’s stock after selling 73,434 shares during the period. Sei Investments Co.’s holdings in Deluxe were worth $5,806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DLX. Allianz Asset Management GmbH raised its stake in Deluxe by 26.8% during the 4th quarter. Allianz Asset Management GmbH now owns 112,456 shares of the business services provider’s stock valued at $2,412,000 after buying an additional 23,799 shares during the last quarter. Alberta Investment Management Corp grew its holdings in shares of Deluxe by 37.4% in the fourth quarter. Alberta Investment Management Corp now owns 34,900 shares of the business services provider’s stock worth $749,000 after acquiring an additional 9,500 shares during the period. Quadrature Capital Ltd purchased a new stake in Deluxe during the fourth quarter valued at $220,000. Allspring Global Investments Holdings LLC purchased a new stake in Deluxe during the first quarter valued at $46,000. Finally, BNP Paribas Financial Markets lifted its holdings in Deluxe by 33.4% in the first quarter. BNP Paribas Financial Markets now owns 62,927 shares of the business services provider’s stock valued at $1,296,000 after acquiring an additional 15,759 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CEO Barry C. Mccarthy purchased 2,820 shares of the stock in a transaction on Tuesday, September 10th. The shares were acquired at an average price of $19.08 per share, with a total value of $53,805.60. Following the completion of the acquisition, the chief executive officer now directly owns 178,670 shares of the company’s stock, valued at $3,409,023.60. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.23% of the stock is currently owned by insiders.

Deluxe Stock Up 1.5 %

DLX opened at $19.49 on Tuesday. Deluxe Co. has a 1-year low of $16.00 and a 1-year high of $24.87. The firm’s 50 day simple moving average is $20.34 and its two-hundred day simple moving average is $21.06. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 2.44. The company has a market capitalization of $858.46 million, a PE ratio of 25.31, a PEG ratio of 0.58 and a beta of 1.47.

Deluxe (NYSE:DLX) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.86 EPS for the quarter, topping 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 analysts’ expectations of $537.90 million. During the same period last year, the firm earned $0.83 EPS. Deluxe’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, equities analysts forecast that Deluxe Co. will post 2.8 EPS for the current year.

Deluxe Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.16%. Deluxe’s dividend payout ratio (DPR) is presently 155.84%.

Deluxe Company Profile

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.