Keeley Teton Advisors LLC cut its holdings in Deluxe Co. (NYSE:DLX) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,190 shares of the business services provider’s stock after selling 2,000 shares during the period. Keeley Teton Advisors LLC’s holdings in Deluxe were worth $1,705,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of DLX. Ladenburg Thalmann Financial Services Inc. lifted its stake in Deluxe by 78.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,733 shares of the business services provider’s stock worth $127,000 after purchasing an additional 764 shares during the last quarter. Bessemer Group Inc. lifted its stake in Deluxe by 61.4% in the third quarter. Bessemer Group Inc. now owns 2,320 shares of the business services provider’s stock worth $169,000 after purchasing an additional 883 shares during the last quarter. Bradley Foster & Sargent Inc. CT bought a new position in shares of Deluxe during the third quarter valued at about $202,000. Bowling Portfolio Management LLC bought a new position in shares of Deluxe during the fourth quarter valued at about $212,000. Finally, Signition LP bought a new position in shares of Deluxe during the fourth quarter valued at about $220,000. 94.30% of the stock is owned by institutional investors and hedge funds.
In related news, VP Julie M. Loosbrock sold 2,198 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $76.37, for a total transaction of $167,861.26. Following the transaction, the vice president now owns 13,286 shares in the company, valued at $1,014,651.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lee J. Schram sold 17,370 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $73.65, for a total transaction of $1,279,300.50. Following the transaction, the chief executive officer now owns 293,242 shares in the company, valued at approximately $21,597,273.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,159 shares of company stock valued at $3,592,415. Insiders own 2.30% of the company’s stock.
Shares of NYSE:DLX traded down $1.36 during midday trading on Monday, hitting $72.65. 368,775 shares of the stock traded hands, compared to its average volume of 313,495. The company has a market cap of $3,546.82, a price-to-earnings ratio of 13.79 and a beta of 1.12. The company has a current ratio of 0.92, a quick ratio of 0.82 and a debt-to-equity ratio of 0.66. Deluxe Co. has a one year low of $66.43 and a one year high of $78.87.
Deluxe (NYSE:DLX) last issued its quarterly earnings data on Thursday, January 25th. The business services provider reported $1.40 EPS for the quarter, meeting the consensus estimate of $1.40. The firm had revenue of $494.90 million during the quarter, compared to the consensus estimate of $500.75 million. Deluxe had a net margin of 11.71% and a return on equity of 26.80%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 earnings per share. research analysts forecast that Deluxe Co. will post 5.68 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Friday, February 16th. Deluxe’s dividend payout ratio (DPR) is 22.77%.
Separately, Sidoti started coverage on shares of Deluxe in a research note on Monday, March 26th. They set a “buy” rating for the company.
Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.
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