Solaris Asset Management Lowers stake in Deluxe Corporation (DLX)

Deluxe Corporation (DLX) : Solaris Asset Management reduced its stake in Deluxe Corporation by 4.39% during the most recent quarter end. The investment management company now holds a total of 65,520 shares of Deluxe Corporation which is valued at $4,536,605 after selling 3,005 shares in Deluxe Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Deluxe Corporation makes up approximately 3.23% of Solaris Asset Management’s portfolio.

Other Hedge Funds, Including , Falcon Point Capital added DLX to its portfolio by purchasing 154,219 company shares during the most recent quarter which is valued at $10,678,124. Deluxe Corporation makes up approx 1.79% of Falcon Point Capital’s portfolio.Ls Investment Advisors boosted its stake in DLX in the latest quarter, The investment management firm added 1,285 additional shares and now holds a total of 3,018 shares of Deluxe Corporation which is valued at $211,924. Deluxe Corporation makes up approx 0.01% of Ls Investment Advisors’s portfolio. Acadian Asset Management sold out all of its stake in DLX during the most recent quarter. The investment firm sold 1,873 shares of DLX which is valued $130,773.Creative Planning boosted its stake in DLX in the latest quarter, The investment management firm added 245 additional shares and now holds a total of 7,558 shares of Deluxe Corporation which is valued at $517,874.

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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