Insider Buying: Deluxe Co. (NYSE:DLX) CEO Acquires 2,290 Shares of Stock

Deluxe Co. (NYSE:DLX - Get Free Report) CEO Barry C. Mccarthy acquired 2,290 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $23.57 per share, for a total transaction of $53,975.30. Following the completion of the acquisition, the chief executive officer now directly owns 180,960 shares of the company's stock, valued at approximately $4,265,227.20. This represents a 1.28 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Deluxe Stock Down 0.2 %

Shares of DLX stock traded down $0.04 during trading hours on Friday, hitting $23.29. 148,644 shares of the company were exchanged, compared to its average volume of 229,699. The company has a market capitalization of $1.03 billion, a PE ratio of 18.81, a PEG ratio of 0.66 and a beta of 1.52. The business has a 50 day moving average of $20.93 and a two-hundred day moving average of $21.19. Deluxe Co. has a 52 week low of $18.26 and a 52 week high of $24.87. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 2.38.

Deluxe Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Round Hill Asset Management raised its stake in Deluxe by 1.0% in the 3rd quarter. Round Hill Asset Management now owns 50,058 shares of the business services provider's stock valued at $976,000 after acquiring an additional 485 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Deluxe by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 22,200 shares of the business services provider's stock valued at $499,000 after acquiring an additional 600 shares in the last quarter. Federated Hermes Inc. increased its position in 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 acquiring an additional 811 shares during the period. FMR LLC raised its stake in Deluxe by 57.2% in the 3rd 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, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Deluxe during the second quarter worth approximately $26,000. Institutional investors and hedge funds own 93.90% of the company's stock.

Wall Street Analyst Weigh In

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

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.

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