Sequoia Financial Advisors LLC Purchases New Holdings in Deluxe Co. (NYSE:DLX)

Sequoia Financial Advisors LLC purchased a new position in Deluxe Co. (NYSE:DLX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,310 shares of the business services provider's stock, valued at approximately $527,000. Sequoia Financial Advisors LLC owned about 0.05% of Deluxe as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Round Hill Asset Management raised its holdings in shares of Deluxe by 1.0% in the third quarter. Round Hill Asset Management now owns 50,058 shares of the business services provider's stock worth $976,000 after acquiring an additional 485 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Deluxe by 93.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the business services provider's stock valued at $25,000 after purchasing an additional 534 shares during the last quarter. Hudson Edge Investment Partners Inc. increased its stake in Deluxe by 4.9% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 18,384 shares of the business services provider's stock valued at $415,000 after purchasing an additional 860 shares during the last quarter. FMR LLC increased its stake in Deluxe by 57.2% in the third quarter. FMR LLC now owns 3,206 shares of the business services provider's stock valued at $62,000 after purchasing an additional 1,166 shares during the last quarter. Finally, KBC Group NV increased its stake in Deluxe by 63.5% in the fourth quarter. KBC Group NV now owns 3,237 shares of the business services provider's stock valued at $73,000 after purchasing an additional 1,257 shares during the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research firms have issued reports on DLX. Sidoti raised Deluxe to a "hold" rating in a research report on Thursday, January 30th. StockNews.com downgraded Deluxe from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 15th.

Insider Transactions at Deluxe

In related news, CEO Barry C. Mccarthy bought 3,926 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $16.45 per share, with a total value of $64,582.70. Following the completion of the transaction, the chief executive officer now directly owns 272,851 shares of the company's stock, valued at approximately $4,488,398.95. This represents a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.23% of the company's stock.

Deluxe Trading Down 1.4 %

DLX stock traded down $0.23 during trading on Friday, reaching $16.00. 580,342 shares of the stock traded hands, compared to its average volume of 379,539. Deluxe Co. has a 52-week low of $15.13 and a 52-week high of $24.87. The business's 50 day moving average price is $19.09 and its 200-day moving average price is $20.43. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.98 and a quick ratio of 0.83. The firm has a market capitalization of $715.47 million, a PE ratio of 13.56, a P/E/G ratio of 0.52 and a beta of 1.46.

Deluxe (NYSE:DLX - Get Free Report) last issued its earnings results on Wednesday, February 5th. The business services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.05). Deluxe had a return on equity of 21.33% and a net margin of 2.49%. As a group, sell-side analysts forecast that Deluxe Co. will post 2.77 earnings per share for the current year.

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.50%. The ex-dividend date of this dividend was Tuesday, February 18th. Deluxe's payout ratio is 101.69%.

Deluxe 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.