Deluxe Corporation (NYSE:DLX) Holdings Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in shares of Deluxe Corporation (NYSE:DLX - Free Report) by 167.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,388 shares of the business services provider's stock after buying an additional 39,078 shares during the period. Sequoia Financial Advisors LLC owned approximately 0.14% of Deluxe worth $986,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DLX. Smartleaf Asset Management LLC lifted its holdings in Deluxe by 93.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the business services provider's stock worth $25,000 after purchasing an additional 534 shares during the period. GAMMA Investing LLC lifted its stake in shares of Deluxe by 1,067.0% in the 1st quarter. GAMMA Investing LLC now owns 2,229 shares of the business services provider's stock worth $35,000 after acquiring an additional 2,038 shares during the period. Security National Bank boosted its holdings in shares of Deluxe by 97.8% in the first quarter. Security National Bank now owns 3,567 shares of the business services provider's stock valued at $56,000 after acquiring an additional 1,764 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Deluxe by 46.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,084 shares of the business services provider's stock valued at $161,000 after acquiring an additional 2,239 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Deluxe during the fourth quarter valued at approximately $181,000. 93.90% of the stock is owned by institutional investors.

Deluxe Price Performance

Shares of NYSE:DLX traded up $0.33 during trading hours on Friday, hitting $17.16. 227,437 shares of the company's stock traded hands, compared to its average volume of 311,132. The company's fifty day simple moving average is $15.21 and its two-hundred day simple moving average is $17.39. The company has a market cap of $767.69 million, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 0.49 and a beta of 1.53. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.84 and a current ratio of 0.93. Deluxe Corporation has a 52 week low of $13.61 and a 52 week high of $24.87.

Deluxe (NYSE:DLX - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03. The business had revenue of $536.50 million during the quarter, compared to analyst estimates of $525.43 million. Deluxe had a net margin of 2.64% and a return on equity of 21.20%. The business's quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 earnings per share. As a group, equities analysts anticipate that Deluxe Corporation will post 2.77 EPS for the current fiscal year.

Deluxe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.99%. The ex-dividend date was Monday, May 19th. Deluxe's payout ratio is 96.00%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DLX. TD Securities cut 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. Wall Street Zen upgraded Deluxe from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th.

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.