Deluxe (NYSE:DLX) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Deluxe (NYSE:DLX) from a buy rating to a strong-buy rating in a research report report published on Wednesday.

Deluxe Price Performance

NYSE:DLX opened at $23.21 on Wednesday. The firm has a market cap of $1.03 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 0.68 and a beta of 1.46. The company’s 50-day moving average price is $19.85 and its two-hundred day moving average price is $21.09. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 2.38. Deluxe has a 12 month low of $17.60 and a 12 month high of $24.87.

Deluxe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 19th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.20 dividend on an annualized basis and a yield of 5.17%. Deluxe’s dividend payout ratio is 96.77%.

Insiders Place Their Bets

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,820 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average cost of $19.08 per share, with a total value of $53,805.60. Following the completion of the acquisition, the chief executive officer now directly owns 178,670 shares of the company’s stock, valued at $3,409,023.60. This represents a 1.60 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.23% of the company’s stock.

Institutional Trading of Deluxe

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Deluxe in the 2nd quarter valued at $26,000. Innealta Capital LLC acquired a new stake in Deluxe in the second quarter worth about $30,000. Ariadne Wealth Management LP bought a new stake in Deluxe during the 2nd quarter worth about $35,000. Truvestments Capital LLC acquired a new position in Deluxe during the 3rd quarter valued at about $32,000. Finally, CWM LLC boosted its stake in shares of Deluxe by 555.6% in the 2nd quarter. CWM LLC now owns 1,757 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 1,489 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Deluxe Company Profile

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.