LaSalle St. Investment Advisors LLC bought a new stake in Deluxe Corporation (NYSE:DLX - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 50,000 shares of the business services provider's stock, valued at approximately $790,000. LaSalle St. Investment Advisors LLC owned about 0.11% of Deluxe at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of DLX. JPMorgan Chase & Co. lifted its stake in shares of Deluxe by 59.1% during the fourth quarter. JPMorgan Chase & Co. now owns 207,230 shares of the business services provider's stock worth $4,681,000 after purchasing an additional 76,957 shares in the last quarter. Norges Bank acquired a new position in shares of Deluxe in the fourth quarter worth about $3,210,000. Franklin Resources Inc. acquired a new position in shares of Deluxe in the fourth quarter worth about $396,000. Envestnet Asset Management Inc. acquired a new position in shares of Deluxe in the fourth quarter worth about $240,000. Finally, Invesco Ltd. lifted its stake in shares of Deluxe by 6.8% in 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 in the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.
Deluxe Price Performance
Shares of DLX stock traded up $0.37 during mid-day trading on Tuesday, hitting $19.27. 159,311 shares of the stock traded hands, compared to its average volume of 383,934. 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 firm has a market cap of $864.84 million, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 0.55 and a beta of 1.49. The company's 50-day simple moving average is $16.11 and its 200-day simple moving average is $16.29. Deluxe Corporation has a twelve month low of $13.61 and a twelve month high of $24.45.
Deluxe (NYSE:DLX - Get Free Report) last issued its earnings results on Wednesday, August 6th. The business services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $526.93 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. The business's quarterly revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts expect that Deluxe Corporation 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 Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, August 18th. Deluxe's payout ratio is currently 93.02%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on DLX shares. TD Securities lowered their target price on Deluxe from $33.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wall Street Zen lowered Deluxe from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, Cowen reissued a "buy" rating on shares of Deluxe in a report on Thursday.
Check Out Our Latest Stock Analysis on DLX
Deluxe Profile
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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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