Deluxe (NYSE:DLX) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Deluxe Co. (NYSE:DLX - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.29 and traded as high as $21.77. Deluxe shares last traded at $21.27, with a volume of 243,051 shares trading hands.

Analyst Ratings Changes

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

Deluxe Stock Performance

The firm has a market cap of $941.67 million, a price-to-earnings ratio of 17.15, a P/E/G ratio of 0.67 and a beta of 1.52. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 2.38. The stock has a 50 day moving average of $22.80 and a 200 day moving average of $21.28.

Deluxe Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend was Tuesday, November 19th. Deluxe's dividend payout ratio (DPR) is presently 96.77%.

Insider Buying and Selling

In other Deluxe news, CEO Barry C. Mccarthy acquired 2,290 shares of Deluxe stock in a transaction that occurred on Thursday, December 5th. The shares were acquired 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 $4,265,227.20. This represents a 1.28 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DLX. Round Hill Asset Management increased its position in Deluxe by 1.0% during the 3rd quarter. Round Hill Asset Management now owns 50,058 shares of the business services provider's stock worth $976,000 after purchasing an additional 485 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Deluxe by 55.9% during the second quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider's stock worth $51,000 after buying an additional 811 shares in the last quarter. FMR LLC lifted its stake in shares of Deluxe by 57.2% in the 3rd quarter. FMR LLC now owns 3,206 shares of the business services provider's stock valued at $62,000 after acquiring an additional 1,166 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Deluxe during the 2nd quarter valued at $26,000. Finally, Bank of Montreal Can grew its position in Deluxe by 8.7% during the 2nd quarter. Bank of Montreal Can now owns 16,231 shares of the business services provider's stock worth $365,000 after acquiring an additional 1,299 shares during the last quarter. Institutional investors own 93.90% of the company's stock.

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.