Monarch Partners Asset Management buys $21,195,862 stake in Deluxe Corporation (DLX)

Deluxe Corporation (DLX) : Monarch Partners Asset Management scooped up 91,265 additional shares in Deluxe Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 333,688 shares of Deluxe Corporation which is valued at $21,195,862.Deluxe Corporation makes up approximately 2.17% of Monarch Partners Asset Management’s portfolio.

Deluxe Corporation opened for trading at $62.75 and hit $63.59 on the upside on Friday, eventually ending the session at $63.52, with a gain of 1.00% or 0.63 points. The heightened volatility saw the trading volume jump to 1,85,167 shares. Company has a market cap of $3,107 M.

Other Hedge Funds, Including , Checchi Capital Advisers added DLX to its portfolio by purchasing 83 company shares during the most recent quarter which is valued at $5,272.Public Employees Retirement Association Of Colorado reduced its stake in DLX by selling 1,107 shares or 8.05% in the most recent quarter. The Hedge Fund company now holds 12,639 shares of DLX which is valued at $793,476. Deluxe Corporation makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.Cubic Asset Management boosted its stake in DLX in the latest quarter, The investment management firm added 3,300 additional shares and now holds a total of 22,495 shares of Deluxe Corporation which is valued at $1,412,236. Deluxe Corporation makes up approx 0.47% of Cubic Asset Management’s portfolio.Wright Investors Service Inc boosted its stake in DLX in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 17,515 shares of Deluxe Corporation which is valued at $1,099,592. Deluxe Corporation makes up approx 0.44% of Wright Investors Service Inc’s portfolio.New York State Teachers Retirement System reduced its stake in DLX by selling 5,100 shares or 4.83% in the most recent quarter. The Hedge Fund company now holds 100,540 shares of DLX which is valued at $6,219,404. Deluxe Corporation makes up approx 0.02% of New York State Teachers Retirement System’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.

Leave a Reply

Deluxe Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Deluxe Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.