Deluxe Co. (NYSE:DLX) CEO Purchases $53,975.30 in Stock

Deluxe Co. (NYSE:DLX) CEO Barry C. Mccarthy purchased 2,290 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $23.57 per share, for a total transaction of $53,975.30. Following the completion of the acquisition, the chief executive officer now directly owns 180,960 shares in the company, valued at $4,265,227.20. The trade was a 1.28 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Deluxe Stock Down 0.2 %

DLX stock opened at $23.29 on Monday. Deluxe Co. has a fifty-two week low of $18.26 and a fifty-two week high of $24.87. The stock has a fifty day moving average of $21.01 and a 200-day moving average of $21.17. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 0.67 and a beta of 1.52. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.83 and a current ratio of 0.92.

Deluxe Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th were paid a $0.30 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $1.20 annualized dividend and a dividend yield of 5.15%. Deluxe’s payout ratio is 96.77%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Round Hill Asset Management raised its position in shares of Deluxe by 1.0% in the third quarter. Round Hill Asset Management now owns 50,058 shares of the business services provider’s stock worth $976,000 after buying an additional 485 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Deluxe by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 22,200 shares of the business services provider’s stock valued at $499,000 after acquiring an additional 600 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Deluxe by 55.9% during the second quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider’s stock worth $51,000 after purchasing an additional 811 shares in the last quarter. FMR LLC increased its position in shares of Deluxe by 57.2% in the third quarter. FMR LLC now owns 3,206 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,166 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Deluxe in the second quarter valued at approximately $26,000. 93.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 21st.

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.