Renaissance Technologies LLC Takes Position in Deluxe Corporation $DLX

Key Points

• Renaissance Technologies acquired 51,230 shares of Deluxe worth approximately $1.41 million, representing a 0.11% stake. Institutional investors collectively own 93.9% of the company.
• Deluxe reported quarterly EPS of $0.87, beating estimates of $0.81, while revenue of $499.3 million exceeded expectations but declined 4.2% year over year.
• The company declared a quarterly dividend of $0.30, or $1.20 annually, giving the stock a 5.0% yield. Analysts maintain a consensus “Hold” rating, and DLX recently traded at $23.82.

Renaissance Technologies LLC acquired a new position in Deluxe Corporation (NYSE:DLX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 51,230 shares of the business services provider's stock, valued at approximately $1,411,000. Renaissance Technologies LLC owned 0.11% of Deluxe at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Strs Ohio purchased a new position in shares of Deluxe in the 1st quarter valued at approximately $30,000. Raymond James Financial Inc. purchased a new stake in Deluxe in the second quarter worth $31,000. UMB Bank n.a. raised its holdings in Deluxe by 3,597.9% in the fourth quarter. UMB Bank n.a. now owns 1,738 shares of the business services provider's stock worth $39,000 after purchasing an additional 1,691 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in Deluxe in the fourth quarter worth $45,000. Finally, EverSource Wealth Advisors LLC lifted its position in Deluxe by 33.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider's stock valued at $49,000 after buying an additional 552 shares during the period. 93.90% of the stock is owned by institutional investors.

Deluxe Stock Down 0.1%

DLX stock opened at $23.82 on Thursday. Deluxe Corporation has a twelve month low of $17.76 and a twelve month high of $32.07. The company has a quick ratio of 1.08, a current ratio of 1.20 and a debt-to-equity ratio of 2.02. The firm has a market cap of $1.09 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24. The business has a 50 day moving average of $24.59 and a 200 day moving average of $26.11.

Deluxe (NYSE:DLX - Get Free Report) last released its earnings results on Wednesday, August 5th. The business services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. Deluxe had a return on equity of 23.51% and a net margin of 4.91%.The business had revenue of $499.30 million for the quarter, compared to the consensus estimate of $486.30 million. During the same period in the previous year, the company posted $0.88 earnings per share. The company's revenue for the quarter was down 4.2% compared to the same quarter last year. On average, research analysts forecast that Deluxe Corporation will post 3.3 EPS for the current fiscal year.

Deluxe Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.20 annualized dividend and a yield of 5.0%. Deluxe's payout ratio is 53.33%.

Analyst Ratings Changes

DLX has been the topic of a number of research reports. Weiss Ratings cut shares of Deluxe from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, July 15th. Wall Street Zen cut shares of Deluxe from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 8th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Deluxe Company Profile

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company's core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.

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