Deluxe Co. (NYSE:DLX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in shares of Deluxe Co. (NYSE:DLX - Free Report) by 28.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 274,166 shares of the business services provider's stock after selling 107,035 shares during the period. Mutual of America Capital Management LLC owned approximately 0.63% of Deluxe worth $5,881,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DLX. Envestnet Asset Management Inc. bought a new position in Deluxe during the 1st quarter valued at about $209,000. PNC Financial Services Group Inc. increased its position in shares of Deluxe by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,061 shares of the business services provider's stock valued at $93,000 after purchasing an additional 491 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Deluxe by 58.1% during the 1st quarter. MetLife Investment Management LLC now owns 22,763 shares of the business services provider's stock valued at $688,000 after purchasing an additional 8,367 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Deluxe by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,730 shares of the business services provider's stock valued at $1,111,000 after purchasing an additional 4,528 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Deluxe by 2.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 38,689 shares of the business services provider's stock worth $1,202,000 after acquiring an additional 863 shares in the last quarter. Institutional investors own 93.90% of the company's stock.

Deluxe Stock Performance

Deluxe stock traded down $0.23 during midday trading on Friday, hitting $19.30. The stock had a trading volume of 111,597 shares, compared to its average volume of 212,336. The firm's fifty day moving average is $19.81 and its two-hundred day moving average is $19.32. The company has a market capitalization of $846.31 million, a PE ratio of 32.71, a P/E/G ratio of 0.58 and a beta of 1.48. Deluxe Co. has a 52-week low of $13.61 and a 52-week high of $21.97. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 2.49.

Deluxe (NYSE:DLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.05. Deluxe had a net margin of 1.20% and a return on equity of 21.53%. The business had revenue of $537.40 million during the quarter, compared to analyst estimates of $537.80 million. During the same period last year, the firm posted $0.98 EPS. The company's revenue was down 4.7% on a year-over-year basis. On average, research analysts forecast that Deluxe Co. will post 2.78 EPS for the current year.

Deluxe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.22%. Deluxe's dividend payout ratio is currently 203.39%.

Insider Activity

In other news, CEO Barry C. Mccarthy bought 2,666 shares of the stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average cost of $19.25 per share, for a total transaction of $51,320.50. Following the transaction, the chief executive officer now owns 173,410 shares of the company's stock, valued at $3,338,142.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.23% of the company's stock.

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.