Zurcher Kantonalbank Zurich Cantonalbank Buys 1,985 Shares of Deluxe Co. (NYSE:DLX)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Deluxe Co. (NYSE:DLX) by 32.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,026 shares of the business services provider’s stock after purchasing an additional 1,985 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Deluxe were worth $172,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DLX. Allspring Global Investments Holdings LLC increased its stake in shares of Deluxe by 893.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,503 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 2,251 shares in the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Deluxe by 159.3% during the fourth quarter. Armstrong Advisory Group Inc. now owns 3,106 shares of the business services provider’s stock worth $67,000 after acquiring an additional 1,908 shares in the last quarter. EMC Capital Management raised its stake in shares of Deluxe by 63.2% in the third quarter. EMC Capital Management now owns 4,895 shares of the business services provider’s stock worth $92,000 after purchasing an additional 1,895 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Deluxe in the 4th quarter valued at $215,000. Finally, Graham Capital Management L.P. purchased a new stake in shares of Deluxe in the third quarter valued at about $249,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Northcoast Research assumed coverage on Deluxe in a research report on Friday, April 19th. They set a “buy” rating and a $27.00 price target for the company.

Deluxe Stock Performance

Shares of DLX opened at $22.18 on Wednesday. The firm has a market cap of $972.59 million, a PE ratio of 28.81, a PEG ratio of 0.65 and a beta of 1.48. Deluxe Co. has a 1 year low of $14.32 and a 1 year high of $22.65. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.97 and a quick ratio of 0.88. The stock’s fifty day moving average price is $19.88 and its two-hundred day moving average price is $19.53.

Deluxe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date is Friday, May 17th. Deluxe’s payout ratio is currently 155.85%.

Insiders Place Their Bets

In other news, CEO Barry C. Mccarthy acquired 2,666 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was bought at an average cost of $19.25 per share, for a total transaction of $51,320.50. Following the completion of the transaction, the chief executive officer now owns 173,410 shares of the company’s stock, valued at $3,338,142.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.23% 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.