Biltmore Wealth Management Exits Position in Deluxe Corporation (DLX)

Deluxe Corporation (DLX) : Biltmore Wealth Management has sold out all of its stake in Deluxe Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 5,156 shares of Deluxe Corporation which is valued at $348,288.

Other Hedge Funds, Including , Rothschild Asset Management Inc boosted its stake in DLX in the latest quarter, The investment management firm added 54,744 additional shares and now holds a total of 438,888 shares of Deluxe Corporation which is valued at $29,646,884. Deluxe Corporation makes up approx 0.52% of Rothschild Asset Management Inc’s portfolio.First Citizens Bank Trust Co boosted its stake in DLX in the latest quarter, The investment management firm added 435 additional shares and now holds a total of 7,153 shares of Deluxe Corporation which is valued at $483,471. Deluxe Corporation makes up approx 0.04% of First Citizens Bank Trust Co’s portfolio.

Deluxe Corporation opened for trading at $68.11 and hit $69.09 on the upside on Monday, eventually ending the session at $68.39, with a gain of 0.19% or 0.13 points. The heightened volatility saw the trading volume jump to 5,59,618 shares. Company has a market cap of $3,345 M.

On the company’s financial health, Deluxe Corporation reported $1.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.18. The company had revenue of $450.60 million for the quarter, compared to analysts expectations of $450.64 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS.

Deluxe Corporation provides payment solutions. The Company’s product and service offerings consist of checks forms and accessories and other products. The Company operates in three segments: Small Business Services segment Financial Services segment and Direct Checks segment. The Small Business Services segment offers Web design hosting and other Web services; search engine optimization; digital printing services and logo design among others. The Financial Services segment offers customer acquisition programs financial institution profitability and risk management services marketing communications services and fraud protection and security services among others. It also offers forms such as deposit tickets and check registers. The Direct Checks segment supplies checks and provides fraud protection and security services as well as package insert programs. It offers its products under brand names such as Checks Unlimited Designer Checks Deluxe and NEBS among others.

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