Deluxe (NYSE:DLX) Upgraded at StockNews.com

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

Deluxe Trading Down 0.6 %

Shares of NYSE DLX opened at $23.21 on Wednesday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.92 and a quick ratio of 0.83. The stock has a market cap of $1.03 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 0.68 and a beta of 1.46. Deluxe has a 1 year low of $17.60 and a 1 year high of $24.87. The firm has a 50-day moving average of $19.85 and a 200 day moving average of $21.08.

Deluxe Announces Dividend

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

Insider Transactions at Deluxe

In other news, CEO Barry C. Mccarthy purchased 2,820 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average cost of $19.08 per share, for a total transaction of $53,805.60. Following the completion of the transaction, the chief executive officer now directly owns 178,670 shares in the company, valued at $3,409,023.60. This trade represents a 1.60 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 4.23% of the company’s stock.

Hedge Funds Weigh In On Deluxe

A number of hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Deluxe during the second quarter valued at $26,000. Innealta Capital LLC purchased a new stake in Deluxe during the second quarter valued at $30,000. Truvestments Capital LLC purchased a new stake in Deluxe during the third quarter valued at $32,000. Ariadne Wealth Management LP purchased a new stake in shares of Deluxe in the second quarter valued at $35,000. Finally, CWM LLC raised its stake in shares of Deluxe by 555.6% in the second quarter. CWM LLC now owns 1,757 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 1,489 shares during the period. 93.90% of the stock is currently owned by institutional investors.

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.