334,038 Shares in Deluxe Corporation $DLX Bought by Nuveen LLC

Key Points

• Nuveen LLC has purchased 334,038 shares of Deluxe Corporation, valued at approximately $5.28 million, representing a 0.75% ownership in the company.
• Deluxe's latest earnings report showed $0.88 EPS, surpassing estimates, but revenue declined by 3.1% year-over-year.
• The company announced a quarterly dividend of $0.30 per share, yielding 6.0%, with a dividend payout ratio of 93.02%.

Nuveen LLC bought a new position in shares of Deluxe Corporation (NYSE:DLX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 334,038 shares of the business services provider's stock, valued at approximately $5,281,000. Nuveen LLC owned approximately 0.75% of Deluxe as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DLX. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Deluxe by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,874 shares of the business services provider's stock valued at $124,000 after buying an additional 790 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Deluxe by 3.4% in 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 acquiring an additional 835 shares in the last quarter. Ipsen Advisor Group LLC grew its position in Deluxe by 6.0% in the first quarter. Ipsen Advisor Group LLC now owns 25,024 shares of the business services provider's stock worth $396,000 after acquiring an additional 1,420 shares in the last quarter. Focus Partners Wealth boosted its position in Deluxe by 12.0% during the fourth quarter. Focus Partners Wealth now owns 13,631 shares of the business services provider's stock valued at $308,000 after buying an additional 1,465 shares during the period. Finally, MetLife Investment Management LLC boosted its position in Deluxe by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 26,624 shares of the business services provider's stock valued at $601,000 after buying an additional 1,505 shares during the period. Hedge funds and other institutional investors own 93.90% of the company's stock.

Deluxe Price Performance

NYSE DLX traded up $0.29 on Friday, reaching $19.68. The company had a trading volume of 237,629 shares, compared to its average volume of 419,453. The stock has a market capitalization of $883.11 million, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.53 and a beta of 1.49. Deluxe Corporation has a 12 month low of $13.61 and a 12 month high of $24.45. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 2.24. The firm's 50 day moving average price is $17.37 and its 200 day moving average price is $16.16.

Deluxe (NYSE:DLX - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.17. Deluxe had a net margin of 2.75% and a return on equity of 21.12%. The firm had revenue of $521.30 million during the quarter, compared to analysts' expectations of $526.93 million. During the same period in the previous year, the company earned $0.86 EPS. The firm's revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, equities analysts predict that Deluxe Corporation will post 2.77 earnings per share for the current year.

Deluxe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Monday, August 18th. Deluxe's payout ratio is 93.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DLX shares. Cowen reaffirmed a "buy" rating on shares of Deluxe in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Deluxe from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.00.

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.