James Investment Research Inc buys $71,347,712 stake in Deluxe Corporation (DLX)

Deluxe Corporation (DLX) : James Investment Research Inc scooped up 31,595 additional shares in Deluxe Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 1,136,472 shares of Deluxe Corporation which is valued at $71,347,712.Deluxe Corporation makes up approximately 1.76% of James Investment Research Inc’s portfolio.

Deluxe Corporation opened for trading at $62.83 and hit $63.58 on the upside on Monday, eventually ending the session at $63.4, with a gain of 0.99% or 0.62 points. The heightened volatility saw the trading volume jump to 3,80,821 shares. Company has a market cap of $3,104 M.

Other Hedge Funds, Including , Washington Trust Bank sold out all of its stake in DLX during the most recent quarter. The investment firm sold 2,900 shares of DLX which is valued $182,062.Alpha Omega Wealth Management boosted its stake in DLX in the latest quarter, The investment management firm added 57 additional shares and now holds a total of 37,008 shares of Deluxe Corporation which is valued at $2,289,315. Deluxe Corporation makes up approx 1.91% of Alpha Omega Wealth Management’s portfolio.Thomson Horstmann Bryant Inc reduced its stake in DLX by selling 9,184 shares or 38.39% in the most recent quarter. The Hedge Fund company now holds 14,741 shares of DLX which is valued at $911,878. Deluxe Corporation makes up approx 0.11% of Thomson Horstmann Bryant Inc’s portfolio.Blue Fin Capital reduced its stake in DLX by selling 2,465 shares or 14.03% in the most recent quarter. The Hedge Fund company now holds 15,100 shares of DLX which is valued at $932,274. Deluxe Corporation makes up approx 0.78% of Blue Fin Capital’s portfolio.

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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