Connor Clark & Lunn Investment Management Ltd. Buys 18,443 Shares of Deluxe Corporation $DLX

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Deluxe Corporation (NYSE:DLX - Free Report) by 9.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,431 shares of the business services provider's stock after buying an additional 18,443 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.50% of Deluxe worth $3,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Deluxe by 1,067.0% during the 1st quarter. GAMMA Investing LLC now owns 2,229 shares of the business services provider's stock worth $35,000 after purchasing an additional 2,038 shares in the last quarter. Principal Financial Group Inc. grew its position in Deluxe by 2.7% during the first quarter. Principal Financial Group Inc. now owns 220,472 shares of the business services provider's stock worth $3,486,000 after buying an additional 5,782 shares in the last quarter. Invesco Ltd. grew its position in 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 buying an additional 49,104 shares in the last quarter. LSV Asset Management grew its position in 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 buying an additional 30,608 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Deluxe by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,188 shares of the business services provider's stock worth $569,000 after buying an additional 835 shares in the last quarter. 93.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Deluxe Trading Up 0.3%

Shares of DLX stock traded up $0.06 during mid-day trading on Monday, hitting $19.05. The company's stock had a trading volume of 69,025 shares, compared to its average volume of 384,841. The company's fifty day simple moving average is $16.49 and its 200-day simple moving average is $16.19. Deluxe Corporation has a 52 week low of $13.61 and a 52 week high of $24.45. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.85 and a current ratio of 0.94. The company has a market cap of $855.06 million, a PE ratio of 14.78, a P/E/G ratio of 0.53 and a beta of 1.49.

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. Deluxe had a return on equity of 21.12% and a net margin of 2.75%. The firm had revenue of $521.30 million during the quarter, compared to analyst estimates of $526.93 million. During the same period last year, the company posted $0.86 EPS. The business's quarterly revenue was down 3.1% on a year-over-year basis. As a group, equities research analysts expect that Deluxe Corporation will post 2.77 earnings per share for the current fiscal year.

Deluxe Announces Dividend

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

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.