Arjuna Capital Takes $1.49 Million Position in Deluxe Co. (NYSE:DLX)

Arjuna Capital purchased a new position in shares of Deluxe Co. (NYSE:DLX - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 76,469 shares of the business services provider's stock, valued at approximately $1,490,000. Arjuna Capital owned 0.17% of Deluxe at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. EMC Capital Management boosted its stake in shares of Deluxe by 10.7% during the 1st quarter. EMC Capital Management now owns 5,417 shares of the business services provider's stock worth $112,000 after purchasing an additional 522 shares during the period. Texas Permanent School Fund Corp boosted its position in Deluxe by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 38,246 shares of the business services provider's stock valued at $787,000 after buying an additional 552 shares during the period. Louisiana State Employees Retirement System boosted its position in Deluxe by 2.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 22,200 shares of the business services provider's stock valued at $499,000 after buying an additional 600 shares during the period. Federated Hermes Inc. boosted its position in Deluxe by 55.9% in the 2nd quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider's stock valued at $51,000 after buying an additional 811 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Deluxe in the 2nd quarter valued at about $26,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Deluxe Stock Up 1.8 %

Shares of NYSE DLX traded up $0.43 during trading hours on Wednesday, hitting $24.13. 277,999 shares of the stock were exchanged, compared to its average volume of 230,039. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 2.38. The company has a market cap of $1.07 billion, a PE ratio of 19.46, a PEG ratio of 0.67 and a beta of 1.46. The firm has a fifty day moving average price of $19.70 and a 200-day moving average price of $21.04. Deluxe Co. has a 12 month low of $17.60 and a 12 month high of $24.87.

Deluxe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 19th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.20 annualized dividend and a dividend yield of 4.97%. Deluxe's dividend payout ratio (DPR) is presently 96.77%.

Insider Buying and Selling

In other news, CEO Barry C. Mccarthy acquired 2,820 shares of Deluxe stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price of $19.08 per share, for a total transaction of $53,805.60. Following the purchase, the chief executive officer now directly owns 178,670 shares in the company, valued at $3,409,023.60. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 4.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Deluxe from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 6th.

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.