Nuveen Asset Management LLC Sells 120,603 Shares of Deluxe Co. (NYSE:DLX)

Nuveen Asset Management LLC decreased its position in Deluxe Co. (NYSE:DLX - Free Report) by 26.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 340,054 shares of the business services provider's stock after selling 120,603 shares during the quarter. Nuveen Asset Management LLC owned 0.77% of Deluxe worth $7,682,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Deluxe by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,260,552 shares of the business services provider's stock valued at $118,836,000 after purchasing an additional 64,060 shares during the period. Barclays PLC lifted its position in Deluxe by 73.2% during the 3rd quarter. Barclays PLC now owns 148,447 shares of the business services provider's stock valued at $2,893,000 after purchasing an additional 62,715 shares during the period. Invesco Ltd. lifted its position in Deluxe by 6.8% during the 4th quarter. Invesco Ltd. now owns 766,490 shares of the business services provider's stock valued at $17,315,000 after purchasing an additional 49,104 shares during the period. Principal Financial Group Inc. lifted its position in Deluxe by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 214,690 shares of the business services provider's stock valued at $4,850,000 after purchasing an additional 6,303 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 purchasing an additional 835 shares during the period. Institutional investors own 93.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DLX. TD Securities cut their target price on shares of 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 upgraded shares of Deluxe from a "buy" rating to a "strong-buy" rating in a research report on Friday.

Insiders Place Their Bets

In other Deluxe news, CEO Barry C. Mccarthy purchased 3,926 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $16.45 per share, with a total value of $64,582.70. Following the purchase, the chief executive officer now directly owns 272,851 shares of the company's stock, valued at $4,488,398.95. The trade was a 1.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.60% of the company's stock.

Deluxe Trading Down 0.2%

Shares of NYSE:DLX traded down $0.03 during mid-day trading on Friday, reaching $14.29. The stock had a trading volume of 451,960 shares, compared to its average volume of 296,655. The firm has a market cap of $639.33 million, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.52 and a beta of 1.49. The firm has a 50 day simple moving average of $15.04 and a two-hundred day simple moving average of $18.73. 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 Co. has a twelve month low of $13.61 and a twelve month high of $24.87.

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

Deluxe Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, May 19th. This represents a $1.20 annualized dividend and a yield of 8.40%. Deluxe's dividend payout ratio (DPR) is currently 96.00%.

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.