Amalgamated Bank reduced its stake in shares of Deluxe Corporation (NYSE:DLX) by 0.1% during the first quarter, Holdings Channel reports. The fund owned 6,712 shares of the business services provider’s stock after selling 8 shares during the period. Amalgamated Bank’s holdings in Deluxe Corporation were worth $484,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Deluxe Corporation by 23,073.3% in the first quarter. BlackRock Inc. now owns 5,191,045 shares of the business services provider’s stock valued at $374,639,000 after buying an additional 5,168,644 shares during the last quarter. Norges Bank bought a new stake in Deluxe Corporation during the fourth quarter valued at $42,104,000. NN Investment Partners Holdings N.V. boosted its stake in Deluxe Corporation by 358.6% in the first quarter. NN Investment Partners Holdings N.V. now owns 355,458 shares of the business services provider’s stock valued at $25,654,000 after buying an additional 277,947 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Deluxe Corporation by 9,541.9% in the first quarter. Neuberger Berman Group LLC now owns 273,829 shares of the business services provider’s stock valued at $19,762,000 after buying an additional 270,989 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Deluxe Corporation by 205.3% in the first quarter. Lazard Asset Management LLC now owns 384,591 shares of the business services provider’s stock valued at $27,755,000 after buying an additional 258,619 shares during the last quarter. Institutional investors and hedge funds own 93.67% of the company’s stock.
Deluxe Corporation (NYSE DLX) opened at 70.52 on Monday. The company has a market cap of $3.42 billion, a PE ratio of 15.20 and a beta of 1.35. The firm’s 50-day moving average is $69.19 and its 200-day moving average is $71.52. Deluxe Corporation has a 52 week low of $59.47 and a 52 week high of $75.94.
Deluxe Corporation (NYSE:DLX) last announced its earnings results on Thursday, April 27th. The business services provider reported $1.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.10. Deluxe Corporation had a net margin of 12.14% and a return on equity of 28.48%. The firm had revenue of $487.80 million for the quarter, compared to analyst estimates of $474.08 million. During the same quarter in the prior year, the business posted $1.19 EPS. The business’s revenue was up 6.2% compared to the same quarter last year. On average, analysts expect that Deluxe Corporation will post $5.21 EPS for the current fiscal year.
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DLX has been the subject of several research reports. Zacks Investment Research cut shares of Deluxe Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. BidaskClub cut shares of Deluxe Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th.
Deluxe Corporation 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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