Deluxe Corporation $DLX Shares Bought by Brandywine Global Investment Management LLC

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 raised its holdings in shares of Deluxe Corporation (NYSE:DLX - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,840 shares of the business services provider's stock after purchasing an additional 19,310 shares during the period. Brandywine Global Investment Management LLC owned about 0.35% of Deluxe worth $2,448,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DLX. Envestnet Asset Management Inc. bought a new stake in Deluxe during the fourth quarter valued at $240,000. Invesco Ltd. grew 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. Barclays PLC grew its position in shares of Deluxe by 13.6% during the fourth quarter. Barclays PLC now owns 168,640 shares of the business services provider's stock worth $3,809,000 after acquiring an additional 20,193 shares during the last quarter. Mariner LLC bought a new position in shares of Deluxe during the fourth quarter worth about $273,000. Finally, XTX Topco Ltd bought a new position in shares of Deluxe during the fourth quarter worth about $208,000. Institutional investors own 93.90% of the company's stock.

Deluxe Price Performance

DLX stock traded up $1.0110 during trading on Friday, hitting $20.0410. The company had a trading volume of 355,349 shares, compared to its average volume of 441,252. The firm has a market capitalization of $899.44 million, a price-to-earnings ratio of 15.54, a P/E/G ratio of 0.55 and a beta of 1.49. The business has a 50 day moving average of $16.88 and a 200 day moving average of $16.08. Deluxe Corporation has a fifty-two week low of $13.61 and a fifty-two week high of $24.45. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 2.24.

Deluxe (NYSE:DLX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.17. The business had revenue of $521.30 million during the quarter, compared to the consensus estimate of $526.93 million. Deluxe had a net margin of 2.75% and a return on equity of 21.12%. The company's quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 earnings per share. As a group, research analysts predict that Deluxe Corporation will post 2.77 earnings per share for the current year.

Deluxe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be issued 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 6.0%. Deluxe's dividend payout ratio is presently 93.02%.

Wall Street Analysts Forecast Growth

DLX has been the subject of several recent research reports. Wall Street Zen lowered shares of Deluxe from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. TD Securities lowered their price target on shares of Deluxe from $33.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Cowen restated a "buy" rating on shares of Deluxe in a research report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.00.

Deluxe 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.