Deluxe (NYSE:DLX) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Deluxe (NYSE:DLX) from a buy rating to a strong-buy rating in a report published on Thursday.

Deluxe Stock Performance

Deluxe stock opened at $23.78 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 2.38. The firm has a market cap of $1.05 billion, a P/E ratio of 19.18, a P/E/G ratio of 0.67 and a beta of 1.52. Deluxe has a 1-year low of $18.38 and a 1-year high of $24.87. The firm has a 50-day moving average of $21.38 and a 200-day moving average of $21.22.

Deluxe Dividend Announcement

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 dividend of $0.30 per share. The ex-dividend date was Tuesday, November 19th. This represents a $1.20 annualized dividend and a dividend yield of 5.05%. Deluxe’s dividend payout ratio (DPR) is presently 96.77%.

Insider Activity at Deluxe

In related news, CEO Barry C. Mccarthy purchased 2,290 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $23.57 per share, with a total value of $53,975.30. Following the completion of the purchase, the chief executive officer now directly owns 180,960 shares in the company, valued at approximately $4,265,227.20. This represents a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Deluxe in the 2nd quarter worth about $26,000. Innealta Capital LLC purchased a new stake in Deluxe in the second quarter worth about $30,000. Truvestments Capital LLC bought a new position in shares of Deluxe during the third quarter valued at approximately $32,000. Ariadne Wealth Management LP purchased a new position in shares of Deluxe during the second quarter valued at approximately $35,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Deluxe in the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

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.