Sidoti upgraded shares of Deluxe (NYSE:DLX - Free Report) to a hold rating in a research report sent to investors on Thursday morning,Zacks.com reports.
Separately, StockNews.com upgraded shares of Deluxe from a "buy" rating to a "strong-buy" rating in a research report on Thursday, December 12th.
Get Our Latest Stock Report on Deluxe
Deluxe Price Performance
Shares of NYSE DLX traded up $0.07 during trading on Thursday, reaching $22.88. The company had a trading volume of 106,792 shares, compared to its average volume of 219,433. Deluxe has a 52 week low of $18.48 and a 52 week high of $24.87. The business's 50 day moving average price is $22.79 and its 200-day moving average price is $21.30. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.83 and a current ratio of 0.92. The stock has a market cap of $1.01 billion, a PE ratio of 18.45, a PEG ratio of 0.64 and a beta of 1.52.
Insider Activity at Deluxe
In related news, CEO Barry C. Mccarthy purchased 2,290 shares of the business's stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $23.57 per share, with a total value of $53,975.30. Following the completion of 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 position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.23% of the company's stock.
Institutional Trading of Deluxe
Institutional investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Deluxe in the second quarter worth $26,000. Truvestments Capital LLC bought a new stake in shares of Deluxe in the third quarter worth $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Deluxe in the third quarter worth $36,000. FMR LLC lifted its position in shares of Deluxe by 57.2% in the third quarter. FMR LLC now owns 3,206 shares of the business services provider's stock worth $62,000 after purchasing an additional 1,166 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Deluxe by 63.5% in the fourth quarter. KBC Group NV now owns 3,237 shares of the business services provider's stock worth $73,000 after purchasing an additional 1,257 shares in the last quarter. Institutional investors own 93.90% of the company's stock.
About Deluxe
(
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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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