Corebridge Financial Inc. Sells 1,836 Shares of Deluxe Co. (NYSE:DLX)

Corebridge Financial Inc. decreased its holdings in shares of Deluxe Co. (NYSE:DLX) by 7.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,564 shares of the business services provider’s stock after selling 1,836 shares during the period. Corebridge Financial Inc. owned 0.05% of Deluxe worth $532,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Smartleaf Asset Management LLC raised its position in shares of Deluxe by 93.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the business services provider’s stock worth $25,000 after acquiring an additional 534 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Deluxe in the third quarter valued at about $36,000. FMR LLC raised its holdings in Deluxe by 57.2% in the third quarter. FMR LLC now owns 3,206 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,166 shares in the last quarter. KBC Group NV lifted its position in shares of Deluxe by 63.5% during the fourth quarter. KBC Group NV now owns 3,237 shares of the business services provider’s stock valued at $73,000 after buying an additional 1,257 shares during the last quarter. Finally, EMC Capital Management lifted its position in shares of Deluxe by 231.9% during the fourth quarter. EMC Capital Management now owns 5,417 shares of the business services provider’s stock valued at $122,000 after buying an additional 3,785 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

Deluxe Trading Down 4.8 %

Deluxe stock opened at $14.15 on Wednesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market cap of $632.79 million, a PE ratio of 11.99, a price-to-earnings-growth ratio of 0.52 and a beta of 1.41. The stock has a 50-day moving average of $17.18 and a two-hundred day moving average of $20.04. Deluxe Co. has a one year low of $14.01 and a one year high of $24.87.

Deluxe (NYSE:DLX) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.05). Deluxe had a net margin of 2.49% and a return on equity of 21.33%. On average, research analysts anticipate that Deluxe Co. will post 2.77 EPS for the current fiscal year.

Deluxe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date of this dividend was Tuesday, February 18th. Deluxe’s dividend payout ratio (DPR) is presently 101.69%.

Insider Activity at Deluxe

In other news, CEO Barry C. Mccarthy bought 3,926 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $16.45 per share, with a total value of $64,582.70. Following the completion of the acquisition, the chief executive officer now directly owns 272,851 shares of the company’s stock, valued at $4,488,398.95. This trade represents a 1.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on DLX. StockNews.com lowered shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 26th. Sidoti raised shares of Deluxe to a “hold” rating in a report on Thursday, January 30th.

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.