Allianz Asset Management GmbH Has $1.71 Million Position in Deluxe Corporation $DLX

Allianz Asset Management GmbH grew its holdings in Deluxe Corporation (NYSE:DLX) by 140.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,266 shares of the business services provider’s stock after buying an additional 51,524 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.20% of Deluxe worth $1,709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. LSV Asset Management increased its position in Deluxe by 3.3% in the 2nd quarter. LSV Asset Management now owns 1,910,025 shares of the business services provider’s stock valued at $30,388,000 after acquiring an additional 61,286 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Deluxe by 1.4% during the second quarter. Geode Capital Management LLC now owns 1,061,173 shares of the business services provider’s stock worth $16,885,000 after purchasing an additional 14,160 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Deluxe by 18.3% during the second quarter. Prudential Financial Inc. now owns 736,679 shares of the business services provider’s stock valued at $11,721,000 after purchasing an additional 113,886 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Deluxe by 49.9% in the second quarter. Bridgeway Capital Management LLC now owns 634,447 shares of the business services provider’s stock valued at $10,094,000 after purchasing an additional 211,109 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Deluxe by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 620,107 shares of the business services provider’s stock worth $9,866,000 after purchasing an additional 9,804 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Analyst Ratings Changes

DLX has been the topic of several research reports. Wall Street Zen raised Deluxe from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Zacks Research upgraded Deluxe from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Weiss Ratings raised Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, CJS Securities upgraded Deluxe to a “hold” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Deluxe has an average rating of “Buy” and an average price target of $23.00.

Deluxe Trading Down 1.8%

DLX opened at $25.80 on Friday. The firm’s fifty day moving average is $23.86 and its two-hundred day moving average is $20.75. The firm has a market cap of $1.16 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 0.62 and a beta of 1.41. Deluxe Corporation has a twelve month low of $13.61 and a twelve month high of $28.60. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.91 and a current ratio of 1.00.

Deluxe Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Investors of record on Monday, February 9th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.7%. Deluxe’s dividend payout ratio is presently 63.83%.

About Deluxe

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.