Retirement Systems of Alabama decreased its position in shares of Deluxe Co. (NYSE:DLX) by 63.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 56,856 shares of the business services provider’s stock after selling 99,807 shares during the quarter. Retirement Systems of Alabama owned approximately 0.13% of Deluxe worth $2,486,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. grew its position in shares of Deluxe by 911.3% in the 4th quarter. Meeder Asset Management Inc. now owns 718 shares of the business services provider’s stock worth $28,000 after buying an additional 647 shares during the last quarter. Bedel Financial Consulting Inc. bought a new stake in shares of Deluxe in the 4th quarter worth approximately $32,000. Quantamental Technologies LLC bought a new stake in shares of Deluxe in the 4th quarter worth approximately $61,000. Truehand Inc bought a new stake in shares of Deluxe in the 4th quarter worth approximately $129,000. Finally, Eukles Asset Management bought a new stake in shares of Deluxe in the 4th quarter worth approximately $155,000. Institutional investors own 91.54% of the company’s stock.
Shares of NYSE DLX traded down $0.02 during mid-day trading on Wednesday, hitting $40.25. 215,033 shares of the stock traded hands, compared to its average volume of 372,350. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 1.05. Deluxe Co. has a 52 week low of $36.70 and a 52 week high of $69.61. The firm has a market capitalization of $1.73 billion, a PE ratio of 7.07 and a beta of 1.33.
Deluxe (NYSE:DLX) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.44. Deluxe had a return on equity of 27.70% and a net margin of 6.67%. The company had revenue of $499.10 million for the quarter, compared to analyst estimates of $497.17 million. During the same period in the previous year, the company posted $1.60 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. On average, research analysts anticipate that Deluxe Co. will post 6.42 earnings per share for the current year.
The business 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 $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.98%. The ex-dividend date is Friday, May 17th. Deluxe’s dividend payout ratio (DPR) is 21.09%.
Separately, Zacks Investment Research upgraded Deluxe from a “sell” rating to a “hold” rating and set a $54.00 price target on the stock in a research report on Monday, February 4th.
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Deluxe Company Profile
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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