Deluxe Co. (DLX) Holdings Reduced by NorthCoast Asset Management LLC
NorthCoast Asset Management LLC decreased its holdings in Deluxe Co. (NYSE:DLX) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,642 shares of the business services provider’s stock after selling 1,688 shares during the quarter. NorthCoast Asset Management LLC’s holdings in Deluxe were worth $1,894,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. grew its holdings in Deluxe by 78.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,733 shares of the business services provider’s stock valued at $127,000 after buying an additional 764 shares during the period. Flinton Capital Management LLC grew its holdings in Deluxe by 52.6% in the 2nd quarter. Flinton Capital Management LLC now owns 2,320 shares of the business services provider’s stock valued at $161,000 after buying an additional 800 shares during the period. Bessemer Group Inc. grew its holdings in Deluxe by 61.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,320 shares of the business services provider’s stock valued at $169,000 after buying an additional 883 shares during the period. Stifel Financial Corp purchased a new stake in shares of Deluxe during the 2nd quarter worth about $201,000. Finally, Bradley Foster & Sargent Inc. CT purchased a new stake in shares of Deluxe during the 3rd quarter worth about $202,000. Institutional investors own 92.95% of the company’s stock.
In other Deluxe news, CEO Lee J. Schram sold 33,030 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $71.32, for a total value of $2,355,699.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Malcolm Mcroberts sold 5,402 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $76.45, for a total value of $412,982.90. Following the completion of the transaction, the insider now owns 55,702 shares of the company’s stock, valued at approximately $4,258,417.90. The disclosure for this sale can be found here. Insiders have sold a total of 40,630 shares of company stock valued at $2,936,544 in the last quarter. Company insiders own 2.40% of the company’s stock.
Deluxe (NYSE:DLX) last issued its earnings results on Thursday, January 25th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.40. Deluxe had a return on equity of 26.80% and a net margin of 11.71%. The business had revenue of $494.90 million during the quarter, compared to analysts’ expectations of $500.75 million. During the same quarter in the previous year, the business earned $1.35 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. research analysts expect that Deluxe Co. will post 5.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, February 16th. Deluxe’s payout ratio is currently 25.42%.
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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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