EMC Capital Management Raises Holdings in Deluxe Co. (NYSE:DLX)

EMC Capital Management increased its position in shares of Deluxe Co. (NYSE:DLX) by 231.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,417 shares of the business services provider’s stock after buying an additional 3,785 shares during the period. EMC Capital Management’s holdings in Deluxe were worth $122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DLX. State Street Corp grew its holdings in Deluxe by 1.1% during the 3rd quarter. State Street Corp now owns 1,695,132 shares of the business services provider’s stock worth $33,038,000 after acquiring an additional 18,133 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Deluxe by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,028,079 shares of the business services provider’s stock worth $20,041,000 after purchasing an additional 17,583 shares during the period. AQR Capital Management LLC boosted its stake in shares of Deluxe by 4.5% during the second quarter. AQR Capital Management LLC now owns 259,138 shares of the business services provider’s stock valued at $5,820,000 after purchasing an additional 11,240 shares in the last quarter. Empowered Funds LLC increased its holdings in Deluxe by 5.3% during the third quarter. Empowered Funds LLC now owns 220,391 shares of the business services provider’s stock valued at $4,295,000 after buying an additional 11,122 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Deluxe by 16.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 186,766 shares of the business services provider’s stock worth $3,640,000 after buying an additional 26,473 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

Insider Activity

In other Deluxe news, CEO Barry C. Mccarthy acquired 2,290 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $23.57 per share, with a total value of $53,975.30. Following the acquisition, the chief executive officer now directly owns 180,960 shares of the company’s stock, valued at approximately $4,265,227.20. The trade was a 1.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 12th.

Deluxe Trading Up 2.3 %

Shares of NYSE:DLX opened at $23.40 on Friday. 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 firm has a market capitalization of $1.04 billion, a P/E ratio of 18.87, a P/E/G ratio of 0.62 and a beta of 1.52. The business’s 50-day moving average is $22.81 and its 200 day moving average is $21.34. Deluxe Co. has a 1 year low of $18.48 and a 1 year high of $24.87.

Deluxe Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.20 annualized dividend and a yield of 5.13%. Deluxe’s payout ratio is presently 96.77%.

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.