Vigilant Capital Management Exits Position in Deluxe Corporation (DLX)

Deluxe Corporation (DLX) : Vigilant Capital Management has sold out all of its stake in Deluxe Corporation during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 52 shares of Deluxe Corporation which is valued at $3,403.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in DLX by selling 96 shares or 10.98% in the most recent quarter. The Hedge Fund company now holds 778 shares of DLX which is valued at $51,185. Fox Run Management L.l.c. sold out all of its stake in DLX during the most recent quarter. The investment firm sold 5,400 shares of DLX which is valued $359,694.Eagle Asset Management Inc boosted its stake in DLX in the latest quarter, The investment management firm added 75,084 additional shares and now holds a total of 314,307 shares of Deluxe Corporation which is valued at $20,935,989. Deluxe Corporation makes up approx 0.14% of Eagle Asset Management Inc’s portfolio.Independent Portfolio Consultants reduced its stake in DLX by selling 345 shares or 20.72% in the most recent quarter. The Hedge Fund company now holds 1,320 shares of DLX which is valued at $87,358. Deluxe Corporation makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.

Deluxe Corporation closed down -0.35 points or -0.53% at $65.44 with 1,77,000 shares getting traded on Friday. Post opening the session at $66.14, the shares hit an intraday low of $65.41 and an intraday high of $66.29 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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