Falcon Point Capital LLC boosted its stake in Deluxe Co. (NYSE:DLX) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,616 shares of the business services provider’s stock after buying an additional 20,402 shares during the period. Deluxe makes up approximately 2.1% of Falcon Point Capital LLC’s portfolio, making the stock its 15th largest position. Falcon Point Capital LLC owned about 0.47% of Deluxe worth $15,617,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Flinton Capital Management LLC raised its position in Deluxe by 9.2% in the first quarter. Flinton Capital Management LLC now owns 1,520 shares of the business services provider’s stock valued at $110,000 after buying an additional 128 shares in the last quarter. TrimTabs Asset Management LLC raised its position in Deluxe by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the business services provider’s stock valued at $114,000 after buying an additional 744 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in Deluxe by 9.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,090 shares of the business services provider’s stock valued at $151,000 after buying an additional 176 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Deluxe by 64.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,136 shares of the business services provider’s stock valued at $154,000 after buying an additional 836 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised its position in Deluxe by 9.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,660 shares of the business services provider’s stock valued at $192,000 after buying an additional 224 shares in the last quarter. Institutional investors and hedge funds own 93.25% of the company’s stock.

Deluxe Co. (NYSE DLX) opened at 67.50 on Friday. Deluxe Co. has a 52-week low of $59.47 and a 52-week high of $75.94. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 14.44 and a beta of 1.35. The stock’s 50 day moving average is $70.11 and its 200 day moving average is $71.15.

Deluxe (NYSE:DLX) last announced its earnings results on Thursday, July 27th. The business services provider reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.05. Deluxe had a return on equity of 25.50% and a net margin of 12.28%. The company had revenue of $485.20 million during the quarter, compared to analyst estimates of $479.42 million. During the same period last year, the company posted $1.20 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that Deluxe Co. will post $5.25 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.78%. Deluxe’s dividend payout ratio (DPR) is presently 25.64%.

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Several research firms have recently commented on DLX. BidaskClub upgraded shares of Deluxe from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Deluxe from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Tuesday, May 2nd.

In other news, VP John D. Filby sold 18,936 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.21, for a total value of $1,367,368.56. Following the completion of the sale, the vice president now directly owns 46,154 shares in the company, valued at $3,332,780.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald C. Baldwin sold 2,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.41, for a total value of $144,820.00. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Deluxe Company Profile

Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.

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Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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