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

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

Deluxe Stock Performance

NYSE DLX opened at $23.34 on Wednesday. The company has a market capitalization of $1.03 billion, a P/E ratio of 18.82, 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 52-week low of $17.60 and a 52-week high of $24.87. The company has a fifty day moving average of $19.77 and a 200-day moving average of $21.06.

Insiders Place Their Bets

In related news, CEO Barry C. Mccarthy bought 2,820 shares of the stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $19.08 per share, with a total value of $53,805.60. Following the purchase, the chief executive officer now owns 178,670 shares in the company, valued at approximately $3,409,023.60. The trade was a 1.60 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.23% of the company’s stock.

Institutional Trading of Deluxe

Several hedge funds and other institutional investors have recently bought and sold shares of DLX. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Deluxe in the second quarter worth $26,000. Innealta Capital LLC purchased a new stake in shares of Deluxe during the second quarter worth about $30,000. Truvestments Capital LLC bought a new stake in shares of Deluxe in the third quarter worth about $32,000. Ariadne Wealth Management LP purchased a new position in Deluxe during the 2nd quarter valued at about $35,000. Finally, CWM LLC raised its position 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. Institutional investors own 93.90% of the company’s stock.

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.