Ipsen Advisor Group LLC bought a new stake in shares of Deluxe Co. (NYSE:DLX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 23,604 shares of the business services provider's stock, valued at approximately $533,000. Ipsen Advisor Group LLC owned 0.05% of Deluxe as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently modified their holdings of DLX. Wealthfront Advisers LLC bought a new position in Deluxe in the fourth quarter worth about $220,326,000. Vanguard Group Inc. raised its stake in shares of Deluxe by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,260,552 shares of the business services provider's stock worth $118,836,000 after acquiring an additional 64,060 shares in the last quarter. State Street Corp lifted its position in Deluxe by 1.1% during the third quarter. State Street Corp now owns 1,695,132 shares of the business services provider's stock valued at $33,038,000 after acquiring an additional 18,133 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Deluxe by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,280,259 shares of the business services provider's stock valued at $28,921,000 after acquiring an additional 31,288 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Deluxe by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,028,079 shares of the business services provider's stock worth $20,041,000 after purchasing an additional 17,583 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.
Deluxe Stock Performance
Shares of NYSE DLX traded down $0.53 during mid-day trading on Friday, hitting $15.87. The stock had a trading volume of 272,763 shares, compared to its average volume of 267,173. The firm has a market cap of $709.70 million, a PE ratio of 13.45, a PEG ratio of 0.52 and a beta of 1.46. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.98. The company has a 50 day moving average of $18.37 and a two-hundred day moving average of $20.29. Deluxe Co. has a twelve month low of $15.13 and a twelve month high of $24.87.
Deluxe (NYSE:DLX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.75 earnings per share (EPS) 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%. Research analysts predict that Deluxe Co. will post 2.77 EPS for the current fiscal year.
Deluxe Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.56%. Deluxe's payout ratio is currently 101.69%.
Insider Buying and Selling
In related news, CEO Barry C. Mccarthy bought 3,926 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $16.45 per share, with a total value of $64,582.70. Following the completion of the acquisition, the chief executive officer now directly owns 272,851 shares in the company, valued at approximately $4,488,398.95. The trade was a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on DLX. Sidoti raised Deluxe to a "hold" rating in a research report on Thursday, January 30th. StockNews.com lowered Deluxe from a "strong-buy" rating to a "buy" rating in a research note on Wednesday.
Check Out Our Latest Stock Analysis on DLX
Deluxe Profile
(
Free Report)
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.
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