Kendall Capital Management Has $1.15 Million Stake in Deluxe Co. (NYSE:DLX)

Kendall Capital Management lifted its holdings in shares of Deluxe Co. (NYSE:DLX) by 64.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,686 shares of the business services provider’s stock after buying an additional 19,910 shares during the quarter. Kendall Capital Management’s holdings in Deluxe were worth $1,145,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DLX. Smartleaf Asset Management LLC grew its holdings in Deluxe by 93.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 534 shares during the period. Truvestments Capital LLC acquired a new position in Deluxe during the third quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new position in Deluxe during the third quarter valued at approximately $36,000. FMR LLC grew its holdings in Deluxe by 57.2% during the third quarter. FMR LLC now owns 3,206 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,166 shares during the period. Finally, KBC Group NV grew its holdings in Deluxe by 63.5% during the fourth quarter. KBC Group NV now owns 3,237 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 1,257 shares during the period. Institutional investors and hedge funds own 93.90% of the company’s stock.

Deluxe Stock Up 2.4 %

Deluxe stock opened at $16.36 on Friday. The stock has a market capitalization of $726.89 million, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.52 and a beta of 1.46. Deluxe Co. has a twelve month low of $15.13 and a twelve month high of $24.87. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 2.36. The company has a 50 day moving average of $20.26 and a 200-day moving average of $20.69.

Deluxe (NYSE:DLX) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.05). Deluxe had a net margin of 2.49% and a return on equity of 21.33%. On average, equities research analysts anticipate that Deluxe Co. will post 2.77 EPS for the current fiscal year.

Deluxe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date of this dividend was Tuesday, February 18th. Deluxe’s dividend payout ratio is presently 101.69%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DLX. Sidoti upgraded shares of Deluxe to a “hold” rating in a report on Thursday, January 30th. StockNews.com upgraded shares of Deluxe from a “buy” rating to a “strong-buy” rating in a report on Friday.

About Deluxe

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.