Advisory Research Inc. Makes New Investment in Deluxe Co. (NYSE:DLX)

Advisory Research Inc. bought a new position in Deluxe Co. (NYSE:DLX) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 33,349 shares of the business services provider’s stock, valued at approximately $1,399,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DLX. Norges Bank purchased a new position in Deluxe in the 4th quarter worth approximately $18,762,000. SummerHaven Investment Management LLC purchased a new position in Deluxe in the 4th quarter worth approximately $588,000. BlackRock Inc. raised its position in shares of Deluxe by 6.4% during the 4th quarter. BlackRock Inc. now owns 6,461,006 shares of the business services provider’s stock valued at $188,661,000 after buying an additional 390,408 shares during the period. Rothschild & Co. Asset Management US Inc. raised its position in shares of Deluxe by 67.5% during the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 831,034 shares of the business services provider’s stock valued at $24,266,000 after buying an additional 334,857 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Deluxe by 30.3% during the 4th quarter. Bank of New York Mellon Corp now owns 879,076 shares of the business services provider’s stock valued at $25,670,000 after buying an additional 204,416 shares during the period. 88.14% of the stock is currently owned by institutional investors and hedge funds.

DLX stock opened at $47.20 on Friday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 21.45 and a beta of 1.69. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 1.50. The firm’s 50 day moving average price is $44.80. Deluxe Co. has a one year low of $18.90 and a one year high of $48.38.

Deluxe (NYSE:DLX) last released its quarterly earnings results on Thursday, May 6th. The business services provider reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.12. The firm had revenue of $441.30 million for the quarter, compared to analyst estimates of $427.30 million. Deluxe had a net margin of 5.34% and a return on equity of 38.62%. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.08 EPS.

The business also recently announced a quarterly dividend, which was paid on Monday, June 7th. Investors of record on Monday, May 24th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 21st. This represents a $1.20 annualized dividend and a yield of 2.54%.

Deluxe Profile

Deluxe Corporation provides technology-enabled solutions to small businesses and financial institutions in the United States, Canada, Australia, South America, and Europe. It operates through four segments: Payments, Cloud Solutions, Promotional Solutions, and Checks. The company provides treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing, and paperless treasury management solutions, as well as payment exchange, and fraud and security services; web hosting and design services, data-driven marketing solutions and hosted solutions that comprise digital engagement, logo design, financial institution profitability reporting, and business incorporation services.

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Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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