Vanguard Group Inc. Sells 6,919 Shares of Deluxe Co. (NYSE:DLX)

Vanguard Group Inc. lowered its stake in Deluxe Co. (NYSE:DLXFree Report) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,995,852 shares of the business services provider’s stock after selling 6,919 shares during the period. Vanguard Group Inc. owned approximately 11.39% of Deluxe worth $107,161,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Alberta Investment Management Corp grew its position in Deluxe by 37.4% in the fourth quarter. Alberta Investment Management Corp now owns 34,900 shares of the business services provider’s stock valued at $749,000 after acquiring an additional 9,500 shares during the last quarter. Olympiad Research LP bought a new position in Deluxe in the fourth quarter valued at about $289,000. Allianz Asset Management GmbH grew its position in Deluxe by 26.8% in the fourth quarter. Allianz Asset Management GmbH now owns 112,456 shares of the business services provider’s stock valued at $2,412,000 after acquiring an additional 23,799 shares during the last quarter. Independent Advisor Alliance bought a new position in Deluxe in the fourth quarter valued at about $1,152,000. Finally, Dimensional Fund Advisors LP grew its position in Deluxe by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,750,481 shares of the business services provider’s stock valued at $37,548,000 after acquiring an additional 130,357 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

Deluxe Price Performance

Deluxe stock opened at $21.58 on Friday. The stock’s 50 day moving average is $22.12 and its 200 day moving average is $20.73. 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 firm has a market cap of $950.60 million, a P/E ratio of 28.03, a P/E/G ratio of 0.63 and a beta of 1.47. Deluxe Co. has a one year low of $16.00 and a one year high of $24.00.

Deluxe (NYSE:DLXGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The company had revenue of $535.00 million for the quarter, compared to analyst estimates of $527.45 million. Deluxe had a return on equity of 21.33% and a net margin of 1.57%. As a group, research analysts expect that Deluxe Co. will post 2.92 EPS for the current year.

Deluxe Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.56%. The ex-dividend date was Friday, May 17th. Deluxe’s dividend payout ratio (DPR) is presently 155.85%.

Insider Buying and Selling at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,440 shares of the company’s stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of $21.63 per share, with a total value of $52,777.20. Following the completion of the purchase, the chief executive officer now owns 175,850 shares in the company, valued at $3,803,635.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders have acquired 2,675 shares of company stock valued at $58,063. 4.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on DLX. Northcoast Research began coverage on Deluxe in a report on Friday, April 19th. They set a “buy” rating and a $27.00 price target on the stock. StockNews.com cut Deluxe from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 13th. Finally, TD Cowen boosted their price target on Deluxe from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th.

Check Out Our Latest Research Report on DLX

Deluxe Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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