Franklin Resources Inc. maintained its stake in shares of Deluxe Co. (NYSE:DLX) during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,000 shares of the company’s stock at the end of the fourth quarter. Franklin Resources Inc.’s holdings in Deluxe were worth $501,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Flinton Capital Management LLC purchased a new stake in shares of Deluxe during the fourth quarter valued at approximately $100,000. Meeder Asset Management Inc. purchased a new stake in shares of Deluxe during the third quarter valued at approximately $170,000. World Asset Management Inc purchased a new stake in shares of Deluxe during the third quarter valued at approximately $212,000. Elkfork Partners LLC purchased a new stake in shares of Deluxe during the fourth quarter valued at approximately $212,000. Finally, LS Investment Advisors LLC increased its stake in shares of Deluxe by 5.6% in the third quarter. LS Investment Advisors LLC now owns 3,186 shares of the company’s stock valued at $213,000 after buying an additional 168 shares in the last quarter. Institutional investors own 90.89% of the company’s stock.
Shares of Deluxe Co. (NYSE:DLX) opened at 71.13 on Friday. Deluxe Co. has a 52 week low of $58.59 and a 52 week high of $75.94. The stock has a 50 day moving average of $73.95 and a 200 day moving average of $69.79. The firm has a market cap of $3.45 billion, a P/E ratio of 15.29 and a beta of 1.20.
Deluxe (NYSE:DLX) last posted its quarterly earnings results on Thursday, January 26th. The company reported $1.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.35. Deluxe had a return on equity of 29.24% and a net margin of 12.38%. The business had revenue of $480.20 million for the quarter, compared to analysts’ expectations of $480.92 million. During the same quarter in the prior year, the business earned $1.26 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts anticipate that Deluxe Co. will post $5.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 6th. Investors of record on Tuesday, February 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Thursday, February 16th. Deluxe’s dividend payout ratio (DPR) is presently 25.75%.
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Separately, Zacks Investment Research upgraded shares of Deluxe from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Thursday, February 2nd.
In related news, VP Julie M. Loosbrock sold 6,558 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $74.40, for a total value of $487,915.20. Following the sale, the vice president now owns 14,276 shares in the company, valued at approximately $1,062,134.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Don J. Mcgrath sold 5,000 shares of the stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $73.34, for a total value of $366,700.00. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.
Deluxe Corporation provides payment solutions. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. Its Small Business Services segment offers services for marketing needs of small businesses, including Web design, hosting and other Web services; search engine optimization; marketing services, including e-mail, mobile, social media and other self-service marketing solutions; digital printing services, and logo design.
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