Jupiter Asset Management Ltd. Has $760,000 Stock Position in Deluxe Co. (NYSE:DLX)

Jupiter Asset Management Ltd. lessened its position in shares of Deluxe Co. (NYSE:DLXFree Report) by 5.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 40,234 shares of the business services provider’s stock after selling 2,159 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Deluxe were worth $760,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Deluxe during the fourth quarter worth about $6,739,000. Millennium Management LLC lifted its position in shares of Deluxe by 81.3% in the second quarter. Millennium Management LLC now owns 462,075 shares of the business services provider’s stock valued at $10,013,000 after buying an additional 207,221 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Deluxe by 17.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,262,186 shares of the business services provider’s stock worth $20,194,000 after purchasing an additional 188,788 shares during the last quarter. Marshall Wace LLP lifted its holdings in Deluxe by 222.1% during the 3rd quarter. Marshall Wace LLP now owns 248,468 shares of the business services provider’s stock worth $4,135,000 after purchasing an additional 171,327 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Deluxe by 2.0% during the 2nd quarter. BlackRock Inc. now owns 7,228,883 shares of the business services provider’s stock worth $126,361,000 after acquiring an additional 143,372 shares during the period. Institutional investors and hedge funds own 84.97% of the company’s stock.

Deluxe Trading Down 1.3 %

Shares of DLX opened at $20.16 on Monday. The firm has a market cap of $880.79 million, a price-to-earnings ratio of 34.17, a PEG 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 debt-to-equity ratio of 2.49, a quick ratio of 0.83 and a current ratio of 0.93. The business’s fifty day moving average is $20.06 and its 200-day moving average is $19.36.

Deluxe (NYSE:DLXGet Free Report) last announced its earnings results on Thursday, February 1st. The business services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.75 by $0.05. The firm had revenue of $537.40 million for the quarter, compared to the consensus estimate of $537.80 million. Deluxe had a return on equity of 21.53% and a net margin of 1.20%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. Equities analysts anticipate that Deluxe Co. will post 2.92 EPS for the current fiscal year.

Deluxe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Friday, February 16th. Deluxe’s dividend payout ratio (DPR) is currently 203.39%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 3rd.

Check Out Our Latest Research Report on DLX

About Deluxe

(Free Report)

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, Australia, South America, and Europe. It operates through four segments: Payments, Data Solutions, Promotional Solutions, and Checks. The company provides treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing, and paperless treasury management solutions, as well as payment exchange, and fraud and security services; data-driven marketing solutions and hosted solutions, such as digital engagement, logo design, financial institution profitability reporting, and business incorporation services, as well as web hosting and design services.

Further Reading

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Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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