Geode Capital Management LLC Has $22.75 Million Position in Deluxe Co. (NYSE:DLX)

Geode Capital Management LLC decreased its position in shares of Deluxe Co. (NYSE:DLX - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,006,851 shares of the business services provider's stock after selling 21,228 shares during the quarter. Geode Capital Management LLC owned about 2.27% of Deluxe worth $22,750,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. FMR LLC increased its position in 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 period. State Street Corp increased its holdings in shares of Deluxe by 1.1% during the third quarter. State Street Corp now owns 1,695,132 shares of the business services provider's stock valued at $33,038,000 after purchasing an additional 18,133 shares during the period. Jane Street Group LLC raised its stake in shares of Deluxe by 10.0% during the third quarter. Jane Street Group LLC now owns 115,280 shares of the business services provider's stock valued at $2,247,000 after purchasing an additional 10,447 shares in the last quarter. Barclays PLC raised its stake in shares of Deluxe by 73.2% during the third quarter. Barclays PLC now owns 148,447 shares of the business services provider's stock valued at $2,893,000 after purchasing an additional 62,715 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Deluxe in the third quarter worth about $36,000. Institutional investors own 93.90% of the company's stock.

Insider Buying and Selling

In related news, CEO Barry C. Mccarthy purchased 3,926 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $16.45 per share, with a total value of $64,582.70. Following the purchase, the chief executive officer now owns 272,851 shares of the company's stock, valued at $4,488,398.95. This trade represents a 1.46 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com downgraded shares of Deluxe from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 26th. Sidoti raised Deluxe to a "hold" rating in a report on Thursday, January 30th.

Deluxe Price Performance

NYSE:DLX traded up $0.17 during mid-day trading on Thursday, reaching $15.01. 35,073 shares of the stock were exchanged, compared to its average volume of 281,252. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36. The business has a fifty day moving average price of $15.76 and a 200 day moving average price of $19.65. Deluxe Co. has a 1-year low of $13.70 and a 1-year high of $24.87. The firm has a market capitalization of $671.11 million, a PE ratio of 12.64, a PEG ratio of 0.52 and a beta of 1.41.

Deluxe (NYSE:DLX - Get Free Report) last released its earnings results on Wednesday, February 5th. The business services provider reported $0.75 EPS 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%. Research analysts expect that Deluxe Co. will post 2.77 earnings per share for the current fiscal year.

Deluxe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.00%. The ex-dividend date of this dividend was Tuesday, February 18th. Deluxe's dividend payout ratio is presently 101.69%.

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.