Deluxe (NYSE:DLX) Stock Rating Upgraded by StockNews.com

Deluxe (NYSE:DLX) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

Deluxe Stock Up 1.8 %

Shares of NYSE DLX traded up $0.43 during trading on Wednesday, hitting $24.13. 277,999 shares of the company traded hands, compared to its average volume of 230,039. The business’s fifty day moving average is $19.70 and its 200 day moving average is $21.04. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 0.67 and a beta of 1.46. 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 has a fifty-two week low of $17.60 and a fifty-two week high of $24.87.

Insider Activity at Deluxe

In other news, CEO Barry C. Mccarthy acquired 2,820 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of $19.08 per share, for a total transaction of $53,805.60. Following the purchase, the chief executive officer now owns 178,670 shares of the company’s stock, valued at approximately $3,409,023.60. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Deluxe during the second quarter valued at about $26,000. Innealta Capital LLC purchased a new stake in shares of Deluxe in the 2nd quarter worth approximately $30,000. Truvestments Capital LLC purchased a new position in shares of Deluxe in the 3rd quarter worth about $32,000. Ariadne Wealth Management LP purchased a new position in Deluxe in the second quarter worth about $35,000. Finally, CWM LLC boosted its stake in Deluxe by 555.6% during 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. 93.90% of the stock is owned by hedge funds and other 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.