Insider Buying: Deluxe Co. (NYSE:DLX) CEO Acquires 3,926 Shares of Stock

Deluxe Co. (NYSE:DLX - Get Free Report) CEO Barry C. Mccarthy acquired 3,926 shares of the business's stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $16.45 per share, for a total transaction of $64,582.70. Following the completion of the acquisition, the chief executive officer now owns 272,851 shares in the company, valued at approximately $4,488,398.95. This trade represents a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Deluxe Stock Down 1.2 %

Shares of NYSE DLX traded down $0.20 on Wednesday, hitting $15.64. The company had a trading volume of 406,989 shares, compared to its average volume of 255,823. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 2.36. Deluxe Co. has a 12-month low of $15.13 and a 12-month high of $24.87. The firm has a market capitalization of $695.08 million, a P/E ratio of 13.26, a PEG ratio of 0.52 and a beta of 1.46. The business has a 50 day moving average of $19.99 and a two-hundred day moving average of $20.65.

Deluxe (NYSE:DLX - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates 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, equities research analysts forecast that Deluxe Co. will post 2.77 earnings per share for the current fiscal year.

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Deluxe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.67%. The ex-dividend date of this dividend was Tuesday, February 18th. Deluxe's payout ratio is 101.69%.

Analysts Set New Price Targets

DLX has been the topic of several research reports. StockNews.com upgraded shares of Deluxe from a "buy" rating to a "strong-buy" rating in a report on Friday, March 7th. Sidoti raised shares of Deluxe to a "hold" rating in a research report on Thursday, January 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Deluxe by 16.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 186,766 shares of the business services provider's stock worth $3,640,000 after purchasing an additional 26,473 shares during the last quarter. Arjuna Capital bought a new stake in shares of Deluxe in the third quarter worth $1,490,000. Jane Street Group LLC increased its stake in shares of Deluxe by 10.0% in the third quarter. Jane Street Group LLC now owns 115,280 shares of the business services provider's stock worth $2,247,000 after buying an additional 10,447 shares during the last quarter. Barclays PLC raised its holdings in Deluxe by 73.2% in the third quarter. Barclays PLC now owns 148,447 shares of the business services provider's stock valued at $2,893,000 after acquiring an additional 62,715 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Deluxe by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,028,079 shares of the business services provider's stock valued at $20,041,000 after acquiring an additional 17,583 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

Deluxe Company 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.