Skyline Asset Management LP cut its holdings in Deluxe Co. (NYSE:DLX) by 8.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 148,900 shares of the business services provider’s stock after selling 12,900 shares during the period. Skyline Asset Management LP owned approximately 0.34% of Deluxe worth $6,054,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Freestone Capital Holdings LLC grew its stake in shares of Deluxe by 12.7% in the first quarter. Freestone Capital Holdings LLC now owns 249,842 shares of the business services provider’s stock valued at $10,923,000 after acquiring an additional 28,085 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of Deluxe by 176.5% in the fourth quarter. Two Sigma Advisers LP now owns 135,815 shares of the business services provider’s stock valued at $5,221,000 after acquiring an additional 86,700 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Deluxe by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,446,176 shares of the business services provider’s stock valued at $55,591,000 after acquiring an additional 100,786 shares in the last quarter. Royce & Associates LP grew its stake in shares of Deluxe by 19.1% in the first quarter. Royce & Associates LP now owns 37,823 shares of the business services provider’s stock valued at $1,654,000 after acquiring an additional 6,066 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Deluxe by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 250,503 shares of the business services provider’s stock valued at $9,630,000 after acquiring an additional 11,073 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st.
Shares of DLX stock traded up $1.19 on Friday, hitting $44.26. The company’s stock had a trading volume of 7,623 shares, compared to its average volume of 313,853. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.21 and a quick ratio of 1.08. The business has a 50 day simple moving average of $41.14. Deluxe Co. has a fifty-two week low of $36.11 and a fifty-two week high of $68.21. The company has a market cap of $1.89 billion, a P/E ratio of 7.74 and a beta of 1.40.
Deluxe (NYSE:DLX) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.08). The firm had revenue of $494.00 million for the quarter, compared to analyst estimates of $495.90 million. Deluxe had a return on equity of 27.70% and a net margin of 6.67%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.40 earnings per share. On average, sell-side analysts anticipate that Deluxe Co. will post 6.42 earnings per share for the current year.
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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