Sei Investments Co. Sells 73,434 Shares of Deluxe Co. (NYSE:DLX)

Sei Investments Co. reduced its holdings in Deluxe Co. (NYSE:DLX - Free Report) by 22.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,482 shares of the business services provider's stock after selling 73,434 shares during the period. Sei Investments Co. owned about 0.59% of Deluxe worth $5,806,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Deluxe by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 5,167,850 shares of the business services provider's stock worth $106,406,000 after acquiring an additional 171,998 shares in the last quarter. LSV Asset Management raised its stake in shares of Deluxe by 1.0% during the 2nd quarter. LSV Asset Management now owns 2,112,423 shares of the business services provider's stock worth $47,445,000 after purchasing an additional 21,752 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Deluxe by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,040,327 shares of the business services provider's stock worth $45,824,000 after purchasing an additional 123,361 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Deluxe by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 813,712 shares of the business services provider's stock worth $18,276,000 after purchasing an additional 27,111 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Deluxe by 6.6% during the 1st quarter. Russell Investments Group Ltd. now owns 584,592 shares of the business services provider's stock worth $12,037,000 after purchasing an additional 36,133 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Deluxe Stock Performance

Shares of DLX stock traded down $0.34 during trading on Tuesday, reaching $19.15. The company had a trading volume of 241,884 shares, compared to its average volume of 231,821. The firm's 50 day simple moving average is $20.34 and its two-hundred day simple moving average is $21.06. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.97 and a quick ratio of 0.87. Deluxe Co. has a one year low of $16.00 and a one year high of $24.87. The company has a market capitalization of $843.48 million, a PE ratio of 24.87, a PEG ratio of 0.58 and a beta of 1.47.

Deluxe (NYSE:DLX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.29. Deluxe had a return on equity of 20.90% and a net margin of 1.78%. The business had revenue of $537.80 million for the quarter, compared to the consensus estimate of $537.90 million. During the same period last year, the business earned $0.83 EPS. The firm's revenue was down 5.9% compared to the same quarter last year. Sell-side analysts forecast that Deluxe Co. will post 2.8 earnings per share for the current year.

Deluxe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 6.27%. Deluxe's dividend payout ratio (DPR) is presently 155.84%.

Insider Buying and Selling

In related news, CEO Barry C. Mccarthy bought 2,820 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of $19.08 per share, for a total transaction of $53,805.60. Following the transaction, the chief executive officer now directly owns 178,670 shares of the company's stock, valued at $3,409,023.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Deluxe from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, August 6th.

Deluxe Company Profile

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.