Falcon Point Capital adds Deluxe Corporation (DLX) to its portfolio

Deluxe Corporation (DLX) : Falcon Point Capital added new position in Deluxe Corporation during the most recent quarter end. The investment management firm now holds 154,219 shares of Deluxe Corporation which is valued at $10,678,124 , the company said in a statement filed on Jul 26, 2016 with the SEC.Deluxe Corporation makes up approximately 1.79% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in DLX in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 8,000 shares of Deluxe Corporation which is valued at $553,920.Msi Financial Services Inc boosted its stake in DLX in the latest quarter, The investment management firm added 709 additional shares and now holds a total of 874 shares of Deluxe Corporation which is valued at $60,516.Nordea Investment Management Ab boosted its stake in DLX in the latest quarter, The investment management firm added 7,457 additional shares and now holds a total of 10,189 shares of Deluxe Corporation which is valued at $711,396.Eagle Asset Management Inc reduced its stake in DLX by selling 169,756 shares or 41.51% in the most recent quarter. The Hedge Fund company now holds 239,223 shares of DLX which is valued at $16,702,550. Deluxe Corporation makes up approx 0.11% of Eagle Asset Management Inc’s portfolio.

Deluxe Corporation closed down -0.45 points or -0.66% at $67.59 with 2,89,956 shares getting traded on Friday. Post opening the session at $68.02, the shares hit an intraday low of $67.01 and an intraday high of $68.46 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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