Brandywine Global Investment Management LLC Has $2.45 Million Position in Deluxe Corporation $DLX

Key Points

• Brandywine Global Investment Management LLC has increased its stake in Deluxe Corporation by 14.2%, owning 154,840 shares valued at approximately $2.45 million.
• Deluxe's quarterly dividend is set at $0.30, yielding 6.3%, with a payout ratio of 93.02%, scheduled for payment on September 2nd.
• The company's recent earnings report showed a net margin decline of 3.1% year-over-year, with earnings per share of $0.88 beating estimates, though revenue fell short of projections.

Brandywine Global Investment Management LLC grew its holdings in Deluxe Corporation (NYSE:DLX - Free Report) by 14.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 154,840 shares of the business services provider's stock after purchasing an additional 19,310 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.35% of Deluxe worth $2,448,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Deluxe by 8.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,361,658 shares of the business services provider's stock worth $53,351,000 after acquiring an additional 177,534 shares during the last quarter. LSV Asset Management raised its position in shares of Deluxe by 1.7% during the first quarter. LSV Asset Management now owns 1,848,739 shares of the business services provider's stock worth $29,229,000 after acquiring an additional 30,608 shares during the last quarter. Invesco Ltd. raised its position in shares of Deluxe by 6.8% during the fourth quarter. Invesco Ltd. now owns 766,490 shares of the business services provider's stock worth $17,315,000 after acquiring an additional 49,104 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Deluxe by 1.7% during the first quarter. Russell Investments Group Ltd. now owns 512,958 shares of the business services provider's stock worth $8,110,000 after acquiring an additional 8,339 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Deluxe by 7.4% during the fourth quarter. Northern Trust Corp now owns 503,321 shares of the business services provider's stock worth $11,370,000 after acquiring an additional 34,659 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

Deluxe Trading Down 1.8%

NYSE:DLX opened at $18.94 on Tuesday. Deluxe Corporation has a 1-year low of $13.61 and a 1-year high of $24.45. The business's 50-day moving average price is $16.56 and its two-hundred day moving average price is $16.16. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $850.07 million, a price-to-earnings ratio of 14.68, a PEG ratio of 0.53 and a beta of 1.49.

Deluxe (NYSE:DLX - Get Free Report) last released its earnings results on Wednesday, August 6th. The business services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.17. Deluxe had a return on equity of 21.12% and a net margin of 2.75%. The firm had revenue of $521.30 million for the quarter, compared to analyst estimates of $526.93 million. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The company's quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts expect that Deluxe Corporation will post 2.77 earnings per share for the current year.

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.20 annualized dividend and a yield of 6.3%. Deluxe's dividend payout ratio is presently 93.02%.

Wall Street Analyst Weigh In

DLX has been the subject of a number of recent research reports. TD Securities dropped their target price on Deluxe from $33.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Cowen restated a "buy" rating on shares of Deluxe in a research report on Thursday, August 7th. Finally, Wall Street Zen downgraded Deluxe from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th.

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.

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