Barclays PLC Has $2.89 Million Position in Deluxe Co. (NYSE:DLX)

Barclays PLC raised its stake in Deluxe Co. (NYSE:DLX - Free Report) by 73.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,447 shares of the business services provider's stock after purchasing an additional 62,715 shares during the quarter. Barclays PLC owned about 0.34% of Deluxe worth $2,893,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Deluxe in the 2nd quarter worth about $26,000. Innealta Capital LLC acquired a new stake in Deluxe during the second quarter valued at approximately $30,000. Truvestments Capital LLC bought a new position in Deluxe during the 3rd quarter worth approximately $32,000. Ariadne Wealth Management LP acquired a new position in shares of Deluxe in the 2nd quarter worth approximately $35,000. Finally, Federated Hermes Inc. increased its holdings in shares of 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 acquiring an additional 811 shares during the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Deluxe Stock Performance

DLX stock traded up $0.30 on Wednesday, reaching $22.62. The company's stock had a trading volume of 103,801 shares, compared to its average volume of 233,343. The firm has a fifty day moving average of $21.95 and a two-hundred day moving average of $21.22. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.92 and a quick ratio of 0.83. The company has a market capitalization of $1.00 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 0.67 and a beta of 1.52. Deluxe Co. has a 52 week low of $18.48 and a 52 week high of $24.87.

Deluxe Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.20 annualized dividend and a dividend yield of 5.31%. Deluxe's dividend payout ratio (DPR) is 96.77%.

Insider Activity at Deluxe

In related news, CEO Barry C. Mccarthy acquired 2,290 shares of the company's stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $23.57 per share, for a total transaction of $53,975.30. Following the purchase, the chief executive officer now owns 180,960 shares in the company, valued at $4,265,227.20. This represents a 1.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Deluxe from a "buy" rating to a "strong-buy" rating in a report on Thursday, December 12th.

About Deluxe

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.