American Century Companies Inc. Sells 144,125 Shares of Deluxe Corporation $DLX

American Century Companies Inc. decreased its position in Deluxe Corporation (NYSE:DLX) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,246,138 shares of the business services provider’s stock after selling 144,125 shares during the quarter. American Century Companies Inc. owned 2.77% of Deluxe worth $24,125,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Strs Ohio bought a new position in shares of Deluxe during the first quarter worth about $30,000. Raymond James Financial Inc. bought a new stake in Deluxe in the 2nd quarter valued at approximately $31,000. Hillsdale Investment Management Inc. lifted its stake in Deluxe by 227.8% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 2,950 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 2,050 shares in the last quarter. Federated Hermes Inc. boosted its position in Deluxe by 110.6% during the 3rd quarter. Federated Hermes Inc. now owns 3,089 shares of the business services provider’s stock worth $60,000 after acquiring an additional 1,622 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Deluxe by 476.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the business services provider’s stock worth $130,000 after acquiring an additional 6,735 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DLX has been the topic of a number of recent research reports. Zacks Research upgraded shares of Deluxe from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. CJS Securities upgraded shares of Deluxe to a “hold” rating in a report on Thursday, December 11th. Finally, Weiss Ratings upgraded shares of Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $23.00.

Deluxe Stock Down 1.7%

Shares of DLX stock opened at $27.61 on Monday. Deluxe Corporation has a 52-week low of $13.61 and a 52-week high of $28.60. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 0.65 and a beta of 1.37. The firm’s 50-day moving average is $25.51 and its 200-day moving average is $21.86. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.98 and a current ratio of 1.04.

Deluxe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Monday, February 9th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, February 9th. Deluxe’s dividend payout ratio is 63.83%.

Deluxe Company Profile

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.