Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Deluxe Co. (NYSE:DLX - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 203,988 shares of the business services provider's stock after buying an additional 17,222 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.46% of Deluxe worth $4,608,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in DLX. Wealthfront Advisers LLC purchased a new stake in shares of Deluxe in the 4th quarter valued at approximately $220,326,000. Sanctuary Advisors LLC acquired a new stake in Deluxe in the fourth quarter valued at $1,770,000. Jackson Creek Investment Advisors LLC purchased a new stake in Deluxe during the 4th quarter worth about $1,548,000. Intech Investment Management LLC acquired a new position in shares of Deluxe during the 3rd quarter worth about $1,303,000. Finally, Barclays PLC increased its holdings in shares of Deluxe by 73.2% in the 3rd 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 during the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.
Deluxe Stock Performance
Shares of Deluxe stock traded down $0.00 during trading on Thursday, reaching $16.23. The company's stock had a trading volume of 296,537 shares, compared to its average volume of 375,765. The firm has a market cap of $725.62 million, a PE ratio of 13.75, a P/E/G ratio of 0.52 and a beta of 1.46. The company has a 50-day moving average price of $19.21 and a two-hundred day moving average price of $20.46. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36. Deluxe Co. has a fifty-two week low of $15.13 and a fifty-two week high of $24.87.
Deluxe (NYSE:DLX - Get Free Report) last posted its quarterly earnings data 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%. On average, analysts forecast that Deluxe Co. will post 2.77 EPS for the current year.
Deluxe Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.20 annualized dividend and a yield of 7.40%. Deluxe's dividend payout ratio is currently 101.69%.
Insider Activity at Deluxe
In other Deluxe news, CEO Barry C. Mccarthy purchased 3,926 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $16.45 per share, for a total transaction of $64,582.70. Following the completion of the purchase, the chief executive officer now directly owns 272,851 shares in the company, valued at $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 is available through this hyperlink. 4.23% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
DLX has been the topic of several recent analyst reports. Sidoti upgraded shares of Deluxe to a "hold" rating in a research note on Thursday, January 30th. StockNews.com downgraded shares of Deluxe from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 15th.
Check Out Our Latest Stock Report on DLX
Deluxe Company Profile
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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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