Northern Trust Corp lifted its stake in Deluxe Co. (NYSE:DLX) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 811,639 shares of the business services provider’s stock after buying an additional 12,520 shares during the period. Northern Trust Corp owned approximately 1.70% of Deluxe worth $53,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Deluxe by 10.1% during the 2nd quarter. BlackRock Inc. now owns 5,881,487 shares of the business services provider’s stock valued at $389,412,000 after purchasing an additional 538,145 shares during the period. LSV Asset Management increased its holdings in Deluxe by 0.6% during the 2nd quarter. LSV Asset Management now owns 2,361,605 shares of the business services provider’s stock valued at $156,361,000 after purchasing an additional 12,967 shares during the period. Dimensional Fund Advisors LP increased its holdings in Deluxe by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,223,848 shares of the business services provider’s stock valued at $81,031,000 after purchasing an additional 38,406 shares during the period. Wells Fargo & Company MN increased its holdings in Deluxe by 47.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,127,455 shares of the business services provider’s stock valued at $74,648,000 after purchasing an additional 365,138 shares during the period. Finally, Morgan Stanley increased its holdings in Deluxe by 113.6% during the 2nd quarter. Morgan Stanley now owns 750,694 shares of the business services provider’s stock valued at $49,703,000 after purchasing an additional 399,319 shares during the period. Hedge funds and other institutional investors own 93.00% of the company’s stock.

Deluxe stock opened at $53.85 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 10.46 and a beta of 0.90. Deluxe Co. has a fifty-two week low of $53.76 and a fifty-two week high of $78.87.

Deluxe (NYSE:DLX) last posted its quarterly earnings data on Thursday, July 26th. The business services provider reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.09. The business had revenue of $488.20 million for the quarter, compared to analysts’ expectations of $493.65 million. Deluxe had a return on equity of 26.05% and a net margin of 12.01%. The business’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 EPS. As a group, analysts forecast that Deluxe Co. will post 5.74 earnings per share for the current year.

Separately, TheStreet downgraded Deluxe from a “b-” rating to a “c+” rating in a report on Tuesday, August 21st.

About Deluxe

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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Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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