Denali Advisors LLC Makes New $769,000 Investment in Deluxe Corporation $DLX

Denali Advisors LLC acquired a new stake in shares of Deluxe Corporation (NYSE:DLX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 39,700 shares of the business services provider’s stock, valued at approximately $769,000. Denali Advisors LLC owned approximately 0.09% of Deluxe at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Strs Ohio bought a new position in Deluxe in the first quarter valued at approximately $30,000. Raymond James Financial Inc. acquired a new stake in shares of Deluxe during the second quarter worth $31,000. Federated Hermes Inc. lifted its position in Deluxe by 110.6% in the 3rd quarter. Federated Hermes Inc. now owns 3,089 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 1,622 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Deluxe by 476.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the business services provider’s stock worth $130,000 after purchasing an additional 6,735 shares during the period. Finally, Citizens Financial Group Inc. RI acquired a new position in Deluxe in the 3rd quarter worth $204,000. 93.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on DLX. Weiss Ratings upgraded Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Wall Street Zen raised Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Zacks Research raised Deluxe from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, CJS Securities raised shares of Deluxe to a “hold” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $23.00.

Deluxe Stock Up 1.2%

Deluxe stock opened at $26.19 on Tuesday. The company’s 50-day moving average price is $24.07 and its two-hundred day moving average price is $20.95. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 2.04. The stock has a market cap of $1.18 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.62 and a beta of 1.40. Deluxe Corporation has a twelve month low of $13.61 and a twelve month high of $28.60.

Deluxe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 23rd. Stockholders of record on Monday, February 9th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, February 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.6%. Deluxe’s dividend payout ratio is currently 63.83%.

Deluxe 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.