LSV Asset Management Raises Stock Holdings in Deluxe Co. (NYSE:DLX)

LSV Asset Management raised its position in shares of Deluxe Co. (NYSE:DLX) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,042,604 shares of the business services provider’s stock after purchasing an additional 14,900 shares during the quarter. LSV Asset Management’s holdings in Deluxe were worth $43,814,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in Deluxe by 893.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,503 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 2,251 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of Deluxe by 159.3% in the 4th quarter. Armstrong Advisory Group Inc. now owns 3,106 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 1,908 shares during the period. EMC Capital Management boosted its holdings in Deluxe by 63.2% during the third quarter. EMC Capital Management now owns 4,895 shares of the business services provider’s stock worth $92,000 after buying an additional 1,895 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Deluxe by 32.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,026 shares of the business services provider’s stock worth $172,000 after buying an additional 1,985 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in Deluxe in the fourth quarter valued at $215,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Deluxe Price Performance

Deluxe stock opened at $21.52 on Monday. The stock has a market capitalization of $943.65 million, a P/E ratio of 27.95, a P/E/G ratio of 0.65 and a beta of 1.48. The company’s fifty day moving average price is $19.77 and its 200 day moving average price is $19.47. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.88 and a current ratio of 0.97. Deluxe Co. has a 1 year low of $13.61 and a 1 year high of $21.97.

Deluxe (NYSE:DLX) last announced its earnings results on Thursday, February 1st. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.05. The business had revenue of $537.40 million for the quarter, compared to analyst estimates of $537.80 million. Deluxe had a net margin of 1.57% and a return on equity of 21.33%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share. As a group, equities research analysts anticipate that Deluxe Co. will post 2.78 earnings per share for the current fiscal year.

Deluxe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.58%. Deluxe’s payout ratio is currently 155.85%.

Analysts Set New Price Targets

Separately, Northcoast Research started coverage on shares of Deluxe in a research note on Friday, April 19th. They set a “buy” rating and a $27.00 target price on the stock.

Insider Activity

In other Deluxe news, CEO Barry C. Mccarthy bought 2,666 shares of Deluxe stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $19.25 per share, for a total transaction of $51,320.50. Following the completion of the transaction, the chief executive officer now directly 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 hyperlink. Company insiders own 4.23% of the company’s stock.

Deluxe 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.