Deluxe Corp. (NYSE:DLX) posted its earnings results on Thursday. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.01. Deluxe Corp. had a net margin of 12.79% and a return on equity of 30.08%. The firm earned $458.90 million during the quarter, compared to analysts’ expectations of $403.80 million. During the same period in the previous year, the business posted $1.16 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. Deluxe Corp. updated its Q4 guidance to $1.34-1.39 EPS.
Shares of Deluxe Corp. (NYSE:DLX) opened at 61.03 on Monday. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 12.85 and a beta of 1.39. Deluxe Corp. has a one year low of $49.46 and a one year high of $70.26. The company has a 50-day moving average of $66.08 and a 200 day moving average of $65.89.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Monday, November 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, November 17th. Deluxe Corp.’s payout ratio is presently 25.26%.
Separately, Zacks Investment Research lowered shares of Deluxe Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th.
In other Deluxe Corp. news, Director Neil Metviner sold 8,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $69.23, for a total value of $553,840.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.90% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in DLX. Copper Rock Capital Partners LLC acquired a new position in shares of Deluxe Corp. during the third quarter worth about $24,004,000. FMR LLC raised its position in shares of Deluxe Corp. by 8.2% in the second quarter. FMR LLC now owns 4,459,001 shares of the company’s stock worth $295,944,000 after buying an additional 339,794 shares during the period. LSV Asset Management raised its position in shares of Deluxe Corp. by 13.0% in the second quarter. LSV Asset Management now owns 1,613,605 shares of the company’s stock worth $107,094,000 after buying an additional 185,495 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Deluxe Corp. during the second quarter worth about $11,750,000. Finally, Falcon Point Capital LLC acquired a new position in shares of Deluxe Corp. during the second quarter worth about $10,236,000. Institutional investors own 91.27% of the company’s stock.
About Deluxe Corp.