Millennium Management LLC Has $269,000 Stake in Deluxe Co. (NYSE:DLX)

Millennium Management LLC lowered its position in shares of Deluxe Co. (NYSE:DLX - Free Report) by 88.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,916 shares of the business services provider's stock after selling 91,857 shares during the period. Millennium Management LLC's holdings in Deluxe were worth $269,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in DLX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Deluxe by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,188 shares of the business services provider's stock valued at $569,000 after buying an additional 835 shares during the period. Lazard Asset Management LLC increased its stake in shares of Deluxe by 33.7% during the fourth quarter. Lazard Asset Management LLC now owns 130,962 shares of the business services provider's stock valued at $2,956,000 after acquiring an additional 32,996 shares during the period. Graham Capital Management L.P. acquired a new position in shares of Deluxe during the fourth quarter valued at approximately $427,000. Focus Partners Wealth raised its holdings in Deluxe by 12.0% during the fourth quarter. Focus Partners Wealth now owns 13,631 shares of the business services provider's stock worth $308,000 after purchasing an additional 1,465 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Deluxe by 53.3% in the fourth quarter. Deutsche Bank AG now owns 38,701 shares of the business services provider's stock worth $874,000 after purchasing an additional 13,448 shares during the period. Institutional investors and hedge funds own 93.90% of the company's stock.

Deluxe Price Performance

Shares of NYSE DLX traded down $0.15 during midday trading on Thursday, reaching $15.30. The company's stock had a trading volume of 299,973 shares, compared to its average volume of 302,630. Deluxe Co. has a one year low of $13.61 and a one year high of $24.87. The company has a market cap of $684.52 million, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. The company has a 50 day moving average price of $14.90 and a 200 day moving average price of $18.31. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36.

Deluxe (NYSE:DLX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.03. The company had revenue of $536.50 million during the quarter, compared to the consensus estimate of $525.43 million. Deluxe had a return on equity of 21.33% and a net margin of 2.49%. The company's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 EPS. On average, equities research analysts expect that Deluxe Co. will post 2.77 EPS for the current year.

Deluxe Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.20 dividend on an annualized basis and a yield of 7.84%. Deluxe's dividend payout ratio is currently 96.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DLX. TD Securities lowered their price target on Deluxe from $33.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen raised 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.