Deluxe Co. (NYSE:DLX) Position Trimmed by Cypress Capital LLC

Cypress Capital LLC trimmed its holdings in shares of Deluxe Co. (NYSE:DLXGet Rating) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,902 shares of the business services provider’s stock after selling 2,458 shares during the period. Cypress Capital LLC’s holdings in Deluxe were worth $446,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DLX. Point72 Hong Kong Ltd bought a new stake in Deluxe during the third quarter worth approximately $103,000. Gladius Capital Management LP acquired a new position in Deluxe in the 4th quarter worth approximately $108,000. Argyle Capital Management Inc. acquired a new position in Deluxe in the 4th quarter worth approximately $209,000. Versor Investments LP acquired a new position in Deluxe in the 4th quarter worth approximately $234,000. Finally, Teacher Retirement System of Texas boosted its stake in Deluxe by 22.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 6,774 shares of the business services provider’s stock worth $243,000 after purchasing an additional 1,258 shares during the period. Hedge funds and other institutional investors own 90.86% of the company’s stock.

A number of equities analysts recently commented on DLX shares. Cowen decreased their price objective on shares of Deluxe from $50.00 to $42.00 in a research note on Wednesday, April 27th. StockNews.com started coverage on shares of Deluxe in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Cowen decreased their price objective on shares of Deluxe from $50.00 to $42.00 in a research note on Wednesday, April 27th.

Shares of NYSE:DLX traded down $1.08 during trading on Tuesday, reaching $25.22. 240,201 shares of the company traded hands, compared to its average volume of 236,185. The firm has a fifty day simple moving average of $29.98 and a 200 day simple moving average of $32.06. The firm has a market cap of $1.08 billion, a P/E ratio of 22.95 and a beta of 1.45. Deluxe Co. has a 1-year low of $25.08 and a 1-year high of $48.33. The company has a quick ratio of 0.86, a current ratio of 0.92 and a debt-to-equity ratio of 2.82.

Deluxe (NYSE:DLXGet Rating) last issued its earnings results on Thursday, May 5th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.05). The company had revenue of $556.00 million for the quarter, compared to analyst estimates of $532.13 million. Deluxe had a net margin of 2.25% and a return on equity of 32.33%. The company’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 6th. Shareholders of record on Monday, May 23rd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, May 20th. Deluxe’s dividend payout ratio (DPR) is currently 109.09%.

Deluxe Company Profile (Get Rating)

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, Cloud 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; web hosting and design services, data-driven marketing solutions and hosted solutions, such as digital engagement, logo design, financial institution profitability reporting, and business incorporation services.

Read More

Want to see what other hedge funds are holding DLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deluxe Co. (NYSE:DLXGet Rating).

Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

Receive News & Ratings for Deluxe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe and related companies with MarketBeat.com's FREE daily email newsletter.