SG Americas Securities LLC reduced its holdings in Deluxe Co. (NYSE: DLX – Get Rating) by 75.1% in Q1, according to its latest communication with the Securities & Exchange Commission. The institutional investor held 11,191 shares of the business services provider after selling 33,759 shares during the period. SG Americas Securities LLC’s holdings in Deluxe were worth $338,000 when it last filed with the SEC.
Several other institutional investors and hedge funds also changed their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC increased its equity stake in Deluxe by 243.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,911 shares of the business services provider worth $61,000 after acquiring 1,355 additional shares in the last quarter. Gladius Capital Management LP bought a new position in shares of Deluxe in the fourth quarter valued at around $108,000. Zurcher Kantonalbank Zurich Cantonalbank increased its equity stake in Deluxe by 40.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,074 shares of the business services provider worth $184,000 after buying 1,757 additional shares in the last quarter. Versor Investments LP bought a new position in Deluxe in Q4 worth $234,000. Finally, Inspire Investing LLC purchased a new stake in Deluxe during the first quarter worth approximately $235,000. Institutional investors and hedge funds own 90.86% of the company’s shares.
Wall Street analysts predict growth
DLX has been the subject of a number of research reports. Cowen lowered its target price on Deluxe shares from $42.00 to $36.00 in a research report on Friday. StockNews.com upgraded Deluxe from a “hold” rating to a “buy” rating in a Thursday, May 19 research report. Finally, Cowen lowered its price target on Deluxe shares from $42.00 to $36.00 in a report on Friday.
Luxury stock down 6.9%
NYSE DLX opened at $23.57 on Monday. Deluxe Co. has a 1 year minimum of $20.48 and a 1 year maximum of $42.72. The company has a market capitalization of $1.01 billion, a price-earnings ratio of 17.72 and a beta of 1.45. The stock’s 50-day moving average is $22.67 and its two-hundred-day moving average is $27.04. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt ratio of 2.71.
Deluxe (NYSE:DLX – Get Rating) last reported quarterly results on Thursday, August 4. The business services provider reported EPS of $0.99 for the quarter, missing the consensus estimate of $1.05 per ($0.06). The company posted revenue of $563.00 million in the quarter, versus analyst estimates of $528.25 million. Deluxe had a net margin of 2.61% and a return on equity of 30.24%. Deluxe’s quarterly revenue increased 17.7% over the same quarter last year. During the same period of the previous year, the company achieved EPS of $1.25.
Luxury Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 6. Investors of record on Monday August 22 will receive a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a yield of 5.09%. The ex-dividend date is Friday, August 19. Deluxe’s dividend payout ratio is currently 90.23%.
(Get a rating)
Deluxe Corporation provides technology solutions to enterprises, small businesses and financial institutions in the United States, Canada, Australia, South America and Europe. It operates through four segments: payments, cloud solutions, promotional solutions and checks. The company provides cash management solutions, including remittance and safe deposit processing, remote deposit capture, receivables management, payment processing and paperless cash management solutions, as well as payment exchange, fraud and security services; web hosting and design services, data-driven marketing solutions, and hosted solutions, such as digital engagement, logo design, financial institution profitability reports, and company incorporation services.
Want to see which other hedge funds hold DLX? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Deluxe Co. (NYSE:DLX – Get Rating).
Get news and reviews for Deluxe Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Deluxe and related companies with MarketBeat.com’s free daily email newsletter.