Voya Investment Management LLC Acquires 47,345 Shares of Deluxe Corporation $DLX

Key Points

• Voya Investment Management LLC increased its holdings in Deluxe Corporation by 130.7% in the first quarter, purchasing an additional 47,345 shares to reach a total of 83,569 shares valued at approximately $1.32 million.
• Deluxe Corporation reported an earnings per share (EPS) of $0.88, exceeding analysts' expectations of $0.71, despite a 3.1% decrease in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $0.30 per share, reflecting a 6.2% dividend yield and a payout ratio of 93.02%.

Voya Investment Management LLC increased its holdings in shares of Deluxe Corporation (NYSE:DLX - Free Report) by 130.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,569 shares of the business services provider's stock after purchasing an additional 47,345 shares during the period. Voya Investment Management LLC owned approximately 0.19% of Deluxe worth $1,321,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Deluxe by 11.2% during 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 purchasing an additional 790 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Deluxe by 3.4% in 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 acquiring an additional 835 shares in the last quarter. Ipsen Advisor Group LLC lifted its stake in Deluxe by 6.0% in the 1st quarter. Ipsen Advisor Group LLC now owns 25,024 shares of the business services provider's stock valued at $396,000 after acquiring an additional 1,420 shares in the last quarter. Security National Bank lifted its stake in Deluxe by 97.8% in the 1st quarter. Security National Bank now owns 3,567 shares of the business services provider's stock valued at $56,000 after acquiring an additional 1,764 shares in the last quarter. Finally, Comerica Bank lifted its stake in Deluxe by 5.9% in the 1st quarter. Comerica Bank now owns 33,354 shares of the business services provider's stock valued at $527,000 after acquiring an additional 1,858 shares in the last quarter. Institutional investors own 93.90% of the company's stock.

Deluxe Stock Up 0.2%

DLX stock opened at $19.45 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $872.92 million, a PE ratio of 15.08, a PEG ratio of 0.53 and a beta of 1.53. Deluxe Corporation has a 1-year low of $13.61 and a 1-year high of $24.45. The business's 50 day simple moving average is $18.39 and its 200 day simple moving average is $16.42.

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

Deluxe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. Deluxe's payout ratio is presently 93.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Cowen restated a "buy" rating on shares of Deluxe in a research note on Thursday, August 7th. Wall Street Zen cut Deluxe from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Deluxe presently has an average rating of "Moderate Buy" and an average target price 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.

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