Alpha Omega Wealth Management Lowers stake in Deluxe Corporation (DLX)

Deluxe Corporation (DLX) : Alpha Omega Wealth Management reduced its stake in Deluxe Corporation by 0.07% during the most recent quarter end. The investment management company now holds a total of 36,981 shares of Deluxe Corporation which is valued at $2,491,780 after selling 27 shares in Deluxe Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Deluxe Corporation makes up approximately 2.03% of Alpha Omega Wealth Management’s portfolio.

Other Hedge Funds, Including , Barrow Hanley Mewhinney Strauss reduced its stake in DLX by selling 266 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 77,969 shares of DLX which is valued at $5,253,551. Deluxe Corporation makes up approx 0.01% of Barrow Hanley Mewhinney Strauss’s portfolio.Glenmede Trust Co Na boosted its stake in DLX in the latest quarter, The investment management firm added 3,708 additional shares and now holds a total of 59,829 shares of Deluxe Corporation which is valued at $4,083,928. Deluxe Corporation makes up approx 0.02% of Glenmede Trust Co Na’s portfolio.Wedbush Securities Inc reduced its stake in DLX by selling 781 shares or 13.94% in the most recent quarter. The Hedge Fund company now holds 4,823 shares of DLX which is valued at $325,794. Deluxe Corporation makes up approx 0.05% of Wedbush Securities Inc’s portfolio.Chicago Equity Partners reduced its stake in DLX by selling 14,130 shares or 14.31% in the most recent quarter. The Hedge Fund company now holds 84,620 shares of DLX which is valued at $5,719,466. Deluxe Corporation makes up approx 0.16% of Chicago Equity Partners’s portfolio.

Deluxe Corporation opened for trading at $67.41 and hit $67.91 on the upside on Monday, eventually ending the session at $67.67, with a gain of 0.82% or 0.55 points. The heightened volatility saw the trading volume jump to 1,60,122 shares. Company has a market cap of $3,300 M.

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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