Rothschild & Co. Asset Management US Inc. trimmed its stake in Deluxe Co. (NYSE:DLX) by 0.1% in the 1st quarter, HoldingsChannel reports. The firm owned 531,410 shares of the business services provider’s stock after selling 474 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Deluxe were worth $23,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. WINTON GROUP Ltd purchased a new stake in shares of Deluxe in the 4th quarter worth $639,000. Citigroup Inc. increased its stake in Deluxe by 328.9% in the 4th quarter. Citigroup Inc. now owns 66,373 shares of the business services provider’s stock worth $2,552,000 after buying an additional 50,898 shares in the last quarter. State of Tennessee Treasury Department increased its stake in Deluxe by 2.0% in the 4th quarter. State of Tennessee Treasury Department now owns 116,297 shares of the business services provider’s stock worth $4,470,000 after buying an additional 2,312 shares in the last quarter. Round Hill Asset Management increased its stake in Deluxe by 16.6% in the 4th quarter. Round Hill Asset Management now owns 26,990 shares of the business services provider’s stock worth $1,037,000 after buying an additional 3,850 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in Deluxe by 176.5% in the 4th quarter. Two Sigma Advisers LP now owns 135,815 shares of the business services provider’s stock worth $5,221,000 after buying an additional 86,700 shares in the last quarter. Hedge funds and other institutional investors own 89.28% of the company’s stock.
Separately, Zacks Investment Research lowered Deluxe from a “hold” rating to a “sell” rating in a research note on Monday, January 28th.
Deluxe (NYSE:DLX) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.44. Deluxe had a return on equity of 27.70% and a net margin of 6.67%. The business had revenue of $499.10 million during the quarter, compared to analyst estimates of $497.17 million. During the same quarter in the prior year, the business posted $1.60 EPS. Deluxe’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, sell-side analysts forecast that Deluxe Co. will post 6.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Friday, May 17th. Deluxe’s dividend payout ratio (DPR) is presently 21.09%.
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Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.
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