Deluxe (NYSE:DLX) Sets New 12-Month High at $22.72

Deluxe Co. (NYSE:DLX)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.72 and last traded at $22.62, with a volume of 199053 shares trading hands. The stock had previously closed at $22.16.

Wall Street Analyst Weigh In

Separately, Northcoast Research started coverage on shares of Deluxe in a research note on Friday, April 19th. They issued a “buy” rating and a $27.00 price objective on the stock.

Deluxe Stock Up 2.1 %

The firm has a market cap of $996.32 million, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 0.65 and a beta of 1.48. The company has a fifty day simple moving average of $19.95 and a 200-day simple moving average of $19.55. The company has a quick ratio of 0.88, a current ratio of 0.97 and a debt-to-equity ratio of 2.53.

Deluxe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a yield of 5.31%. Deluxe’s dividend payout ratio is presently 155.84%.

Insider Transactions at Deluxe

In other news, CEO Barry C. Mccarthy acquired 2,666 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of $19.25 per share, for a total transaction of $51,320.50. Following the completion of the transaction, the chief executive officer now directly owns 173,410 shares in the company, valued at approximately $3,338,142.50. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.23% of the company’s stock.

Hedge Funds Weigh In On Deluxe

Institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new position in Deluxe in the first quarter worth about $46,000. Armstrong Advisory Group Inc. increased its position in shares of Deluxe by 159.3% during the 4th quarter. Armstrong Advisory Group Inc. now owns 3,106 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 1,908 shares during the last quarter. EMC Capital Management raised its holdings in Deluxe by 63.2% during the 3rd quarter. EMC Capital Management now owns 4,895 shares of the business services provider’s stock valued at $92,000 after buying an additional 1,895 shares during the period. SG Americas Securities LLC bought a new stake in Deluxe in the first quarter worth $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Deluxe by 32.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,026 shares of the business services provider’s stock valued at $172,000 after acquiring an additional 1,985 shares during the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

About Deluxe

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.