Deluxe Co. (NYSE:DLX) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in shares of Deluxe Co. (NYSE:DLX - Free Report) by 14.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 799,421 shares of the business services provider's stock after selling 138,501 shares during the period. Charles Schwab Investment Management Inc. owned 1.81% of Deluxe worth $15,581,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Deluxe in the 2nd quarter worth $26,000. Innealta Capital LLC purchased a new stake in Deluxe in the second quarter valued at approximately $30,000. Ariadne Wealth Management LP acquired a new position in Deluxe in the 2nd quarter worth approximately $35,000. CWM LLC increased its holdings in Deluxe by 555.6% in the 2nd quarter. CWM LLC now owns 1,757 shares of the business services provider's stock worth $39,000 after buying an additional 1,489 shares during the period. Finally, Security National Bank purchased a new position in Deluxe during the 2nd quarter worth approximately $40,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Deluxe

In other news, CEO Barry C. Mccarthy purchased 2,290 shares of the stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of $23.57 per share, with a total value of $53,975.30. Following the completion of the purchase, the chief executive officer now directly owns 180,960 shares of the company's stock, valued at approximately $4,265,227.20. The trade was a 1.28 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased a total of 5,230 shares of company stock valued at $110,068 over the last ninety days. Corporate insiders own 4.23% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Deluxe from a "strong-buy" rating to a "buy" rating in a research note on Thursday, November 21st.

Deluxe Price Performance

DLX traded down $0.04 during trading on Friday, hitting $23.29. The company's stock had a trading volume of 148,646 shares, compared to its average volume of 257,402. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 2.38. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 0.67 and a beta of 1.52. The business's fifty day simple moving average is $21.01 and its 200 day simple moving average is $21.17. Deluxe Co. has a twelve month low of $18.26 and a twelve month high of $24.87.

Deluxe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date was Tuesday, November 19th. Deluxe's dividend payout ratio is presently 96.77%.

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.