BNP Paribas Financial Markets trimmed its holdings in shares of Deluxe Co. (NYSE:DLX - Free Report) by 40.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,472 shares of the business services provider's stock after selling 32,749 shares during the quarter. BNP Paribas Financial Markets owned 0.11% of Deluxe worth $1,095,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC increased its holdings in Deluxe by 73.2% in the third quarter. Barclays PLC now owns 148,447 shares of the business services provider's stock valued at $2,893,000 after buying an additional 62,715 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Deluxe by 91.2% in the third quarter. JPMorgan Chase & Co. now owns 130,273 shares of the business services provider's stock valued at $2,539,000 after buying an additional 62,148 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in Deluxe in the fourth quarter valued at about $1,017,000. KBC Group NV increased its holdings in Deluxe by 63.5% in the fourth quarter. KBC Group NV now owns 3,237 shares of the business services provider's stock valued at $73,000 after buying an additional 1,257 shares during the last quarter. Finally, EMC Capital Management increased its holdings in Deluxe by 231.9% in the fourth quarter. EMC Capital Management now owns 5,417 shares of the business services provider's stock valued at $122,000 after buying an additional 3,785 shares during the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Deluxe
In other Deluxe news, CEO Barry C. Mccarthy acquired 3,926 shares of Deluxe stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $16.45 per share, for a total transaction of $64,582.70. Following the completion of the transaction, the chief executive officer now owns 272,851 shares in the company, valued at approximately $4,488,398.95. This represents a 1.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.60% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on DLX shares. Sidoti raised Deluxe to a "hold" rating in a report on Thursday, January 30th. TD Securities decreased their target price on Deluxe from $33.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Wall Street Zen downgraded Deluxe from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 26th.
Check Out Our Latest Research Report on Deluxe
Deluxe Stock Performance
DLX stock traded down $0.33 during midday trading on Monday, reaching $13.63. The company had a trading volume of 375,953 shares, compared to its average volume of 294,922. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 2.36. The stock has a 50 day moving average price of $15.18 and a 200 day moving average price of $18.96. Deluxe Co. has a fifty-two week low of $13.61 and a fifty-two week high of $24.87. The firm has a market capitalization of $609.94 million, a PE ratio of 11.55, a P/E/G ratio of 0.52 and a beta of 1.49.
Deluxe (NYSE:DLX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The business services provider reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.03. The company had revenue of $536.50 million during the quarter, compared to the consensus estimate of $525.43 million. Deluxe had a return on equity of 21.33% and a net margin of 2.49%. Deluxe's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. Analysts anticipate that Deluxe Co. will post 2.77 earnings per share for the current year.
Deluxe Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.20 annualized dividend and a dividend yield of 8.80%. Deluxe's dividend payout ratio is presently 96.00%.
About Deluxe
(
Free Report)
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.
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