Deluxe Co. (DLX) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its position in shares of Deluxe Co. (NYSE:DLX) by 74.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,667 shares of the business services provider’s stock after selling 28,500 shares during the period. Mackenzie Financial Corp’s holdings in Deluxe were worth $743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DLX. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Deluxe by 78.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,733 shares of the business services provider’s stock worth $127,000 after buying an additional 764 shares during the period. Bessemer Group Inc. boosted its position in shares of Deluxe by 61.4% during the third quarter. Bessemer Group Inc. now owns 2,320 shares of the business services provider’s stock worth $169,000 after buying an additional 883 shares during the period. Bradley Foster & Sargent Inc. CT purchased a new position in shares of Deluxe during the third quarter worth $202,000. Bowling Portfolio Management LLC purchased a new position in shares of Deluxe during the fourth quarter worth $212,000. Finally, Signition LP purchased a new position in shares of Deluxe during the fourth quarter worth $220,000. Institutional investors and hedge funds own 94.32% of the company’s stock.

Deluxe Co. (NYSE:DLX) opened at $75.12 on Monday. Deluxe Co. has a 52-week low of $66.43 and a 52-week high of $78.87. The company has a market capitalization of $3,600.02, a price-to-earnings ratio of 15.92 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.82 and a current ratio of 0.92.

Deluxe (NYSE:DLX) last released its quarterly earnings results on Thursday, January 25th. The business services provider reported $1.40 EPS for the quarter, hitting the 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 analyst estimates of $500.75 million. During the same period last year, the business posted $1.35 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. equities research analysts predict that Deluxe Co. will post 5.68 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. Deluxe’s dividend payout ratio is currently 25.42%.

In other news, VP Julie M. Loosbrock sold 4,203 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.21, for a total value of $311,904.63. Following the sale, the vice president now directly owns 12,726 shares in the company, valued at $944,396.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Julie M. Loosbrock sold 2,198 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $76.37, for a total value of $167,861.26. Following the completion of the sale, the vice president now owns 13,286 shares in the company, valued at $1,014,651.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,259 shares of company stock valued at $2,400,074. Company insiders own 2.40% of the company’s stock.

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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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