Rk Capital Management buys $23.3 Million stake in Deluxe Corporation (DLX)

Deluxe Corporation (DLX) : Rk Capital Management scooped up 8,100 additional shares in Deluxe Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 375,782 shares of Deluxe Corporation which is valued at $23.3 Million.Deluxe Corporation makes up approximately 3.94% of Rk Capital Management’s portfolio.

Other Hedge Funds, Including , Mackenzie Financial Corp added DLX to its portfolio by purchasing 31,790 company shares during the most recent quarter which is valued at $2 Million. Deluxe Corporation makes up approx 0.02% of Mackenzie Financial Corp’s portfolio.Gsa Capital Partners Llp reduced its stake in DLX by selling 5,163 shares or 22.05% in the most recent quarter. The Hedge Fund company now holds 18,255 shares of DLX which is valued at $1.1 Million. Deluxe Corporation makes up approx 0.07% of Gsa Capital Partners Llp’s portfolio.Shell Asset Management Co reduced its stake in DLX by selling 2,771 shares or 5.68% in the most recent quarter. The Hedge Fund company now holds 46,016 shares of DLX which is valued at $2.9 Million. Deluxe Corporation makes up approx 0.07% of Shell Asset Management Co’s portfolio.Jensen Investment Management Inc reduced its stake in DLX by selling 220 shares or 3.06% in the most recent quarter. The Hedge Fund company now holds 6,970 shares of DLX which is valued at $442,734. Deluxe Corporation makes up approx 0.01% of Jensen Investment Management Inc’s portfolio.American Century Companies Inc boosted its stake in DLX in the latest quarter, The investment management firm added 2,012 additional shares and now holds a total of 216,712 shares of Deluxe Corporation which is valued at $13.8 Million. Deluxe Corporation makes up approx 0.02% of American Century Companies Inc’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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