Tdam USA Inc. raised its position in shares of Deluxe Co. (NYSE:DLX) by 4.9% in the first quarter, HoldingsChannel.com reports. The firm owned 5,837 shares of the business services provider’s stock after purchasing an additional 270 shares during the quarter. Tdam USA Inc.’s holdings in Deluxe were worth $255,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its position in shares of Deluxe by 2.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 11,843 shares of the business services provider’s stock worth $455,000 after buying an additional 314 shares during the period. Jane Street Group LLC grew its position in shares of Deluxe by 4.6% during the 4th quarter. Jane Street Group LLC now owns 7,512 shares of the business services provider’s stock worth $289,000 after buying an additional 330 shares during the period. Texas Permanent School Fund grew its position in shares of Deluxe by 1.1% during the 4th quarter. Texas Permanent School Fund now owns 30,303 shares of the business services provider’s stock worth $1,165,000 after buying an additional 339 shares during the period. Alpha Omega Wealth Management LLC grew its position in shares of Deluxe by 129.5% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 771 shares of the business services provider’s stock worth $34,000 after buying an additional 435 shares during the period. Finally, Wedge Capital Management L L P NC grew its position in shares of Deluxe by 6.2% during the 1st quarter. Wedge Capital Management L L P NC now owns 8,015 shares of the business services provider’s stock worth $350,000 after buying an additional 465 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised shares of Deluxe from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, May 1st.

Shares of DLX stock traded down $0.16 during trading hours on Wednesday, hitting $40.11. 2,305 shares of the company were exchanged, compared to its average volume of 373,585. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 7.03 and a beta of 1.33. Deluxe Co. has a fifty-two week low of $36.70 and a fifty-two week high of $69.71. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 1.05.

Deluxe (NYSE:DLX) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.10 by $0.44. The company had revenue of $499.10 million during the quarter, compared to the consensus estimate of $497.17 million. Deluxe had a net margin of 6.67% and a return on equity of 27.70%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 EPS. Analysts anticipate that Deluxe Co. will post 6.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, May 17th. Deluxe’s dividend payout ratio (DPR) is 21.09%.

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Deluxe Profile

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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