Freestone Capital Holdings Lowers stake in Deluxe Corporation (DLX)

Deluxe Corporation (DLX) : Freestone Capital Holdings reduced its stake in Deluxe Corporation by 1.93% during the most recent quarter end. The investment management company now holds a total of 297,222 shares of Deluxe Corporation which is valued at $18.4 Million after selling 5,858 shares in Deluxe Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Deluxe Corporation makes up approximately 1.98% of Freestone Capital Holdings’s portfolio.

Other Hedge Funds, Including , Lazard Asset Management sold out all of its stake in DLX during the most recent quarter. The investment firm sold 2,406 shares of DLX which is valued $149,028.New Amsterdam Partnersny boosted its stake in DLX in the latest quarter, The investment management firm added 3,488 additional shares and now holds a total of 422,870 shares of Deluxe Corporation which is valued at $26.2 Million. Deluxe Corporation makes up approx 2.90% of New Amsterdam Partnersny’s portfolio. Blackrock Japan Ltd added DLX to its portfolio by purchasing 471 company shares during the most recent quarter which is valued at $29,174.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in DLX by selling 5,517 shares or 38.66% in the most recent quarter. The Hedge Fund company now holds 8,753 shares of DLX which is valued at $542,161. Deluxe Corporation makes up approx 0.01% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Tdam Usa boosted its stake in DLX in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 14,271 shares of Deluxe Corporation which is valued at $906,494. Deluxe Corporation makes up approx 0.04% of Tdam Usa’s portfolio.

Deluxe Corporation opened for trading at $62.52 and hit $63.46 on the upside on Friday, eventually ending the session at $63.36, with a gain of 1.96% or 1.22 points. The heightened volatility saw the trading volume jump to 2,45,663 shares. Company has a market cap of $3,099 M.

On the company’s financial health, Deluxe Corporation reported $1.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.15. The company had revenue of $459.30 million for the quarter, compared to analysts expectations of $450.98 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 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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