Deluxe Corporation $DLX Stake Increased by AlphaQuest LLC

AlphaQuest LLC increased its position in shares of Deluxe Corporation (NYSE:DLX) by 1,949.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,312 shares of the business services provider’s stock after acquiring an additional 23,126 shares during the period. AlphaQuest LLC owned about 0.05% of Deluxe worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strs Ohio purchased a new stake in shares of Deluxe during the first quarter worth $30,000. GAMMA Investing LLC raised its holdings in shares of Deluxe by 1,067.0% during the first quarter. GAMMA Investing LLC now owns 2,229 shares of the business services provider’s stock worth $35,000 after acquiring an additional 2,038 shares in the last quarter. Quarry LP raised its holdings in shares of Deluxe by 105.8% during the first quarter. Quarry LP now owns 3,685 shares of the business services provider’s stock worth $58,000 after acquiring an additional 1,894 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Deluxe by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,874 shares of the business services provider’s stock worth $124,000 after acquiring an additional 790 shares in the last quarter. Finally, Burney Co. purchased a new stake in shares of Deluxe during the first quarter worth $164,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DLX has been the subject of several recent research reports. Cowen reiterated a “buy” rating on shares of Deluxe in a report on Thursday, August 7th. Wall Street Zen lowered Deluxe from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Deluxe in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Deluxe Price Performance

NYSE DLX opened at $18.28 on Thursday. Deluxe Corporation has a fifty-two week low of $13.61 and a fifty-two week high of $24.45. The stock’s 50-day moving average is $19.20 and its two-hundred day moving average is $17.05. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.94 and a quick ratio of 0.85. The firm has a market cap of $820.54 million, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51.

Deluxe (NYSE:DLX) last posted its earnings results on Wednesday, March 23rd. The business services provider reported $1.38 earnings per share for the quarter. Deluxe had a return on equity of 21.12% and a net margin of 2.75%.The company had revenue of $454.49 million for the quarter. On average, analysts anticipate that Deluxe Corporation will post 2.77 earnings per share for the current fiscal year.

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.6%. The ex-dividend date was Monday, August 18th. Deluxe’s dividend payout ratio (DPR) is 93.02%.

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.