78,776 Shares in Deluxe Corporation $DLX Purchased by Kendall Capital Management

Kendall Capital Management bought a new stake in shares of Deluxe Corporation (NYSE:DLX) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 78,776 shares of the business services provider’s stock, valued at approximately $1,881,000.

A number of other large investors also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in Deluxe by 25.6% during the 1st quarter. Royal Bank of Canada now owns 505,810 shares of the business services provider’s stock valued at $7,996,000 after buying an additional 102,948 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Deluxe by 10.0% during the first quarter. AQR Capital Management LLC now owns 272,134 shares of the business services provider’s stock valued at $4,302,000 after buying an additional 24,660 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Deluxe by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,260 shares of the business services provider’s stock worth $415,000 after buying an additional 1,072 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Deluxe by 9.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 110,736 shares of the business services provider’s stock worth $1,751,000 after buying an additional 10,017 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Deluxe during the first quarter worth $30,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DLX has been the subject of several research analyst reports. Weiss Ratings cut shares of Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Wall Street Zen downgraded shares of Deluxe from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 8th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Deluxe presently has a consensus rating of “Hold”.

Deluxe Stock Performance

NYSE:DLX opened at $23.64 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.20 and a quick ratio of 1.08. Deluxe Corporation has a 1 year low of $17.76 and a 1 year high of $32.07. The stock’s 50 day simple moving average is $24.69 and its two-hundred day simple moving average is $26.04. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 0.58 and a beta of 1.24.

Deluxe (NYSE:DLX) last issued its quarterly earnings data on Wednesday, August 5th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.06. The business had revenue of $499.30 million for the quarter, compared to analysts’ expectations of $486.30 million. Deluxe had a return on equity of 23.51% and a net margin of 4.91%.The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. As a group, equities analysts anticipate that Deluxe Corporation will post 3.41 earnings per share for the current fiscal year.

Deluxe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.20 dividend on an annualized basis and a yield of 5.1%. Deluxe’s dividend payout ratio is presently 53.33%.

Deluxe Company Profile

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.