Intech Investment Management LLC Buys 53,395 Shares of Deluxe Co. (NYSE:DLX)

Intech Investment Management LLC lifted its holdings in shares of Deluxe Co. (NYSE:DLX - Free Report) by 79.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 120,242 shares of the business services provider's stock after buying an additional 53,395 shares during the period. Intech Investment Management LLC owned about 0.27% of Deluxe worth $2,716,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in Deluxe by 16.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 186,766 shares of the business services provider's stock worth $3,640,000 after acquiring an additional 26,473 shares in the last quarter. Jane Street Group LLC lifted its stake in Deluxe by 10.0% in the 3rd 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 during the last quarter. Barclays PLC grew 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 worth $2,893,000 after buying an additional 62,715 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Deluxe by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,028,079 shares of the business services provider's stock valued at $20,041,000 after acquiring an additional 17,583 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Deluxe by 57.2% during 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 in the last quarter. 93.90% of the stock is currently owned by institutional investors.

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Deluxe Trading Up 0.9 %

DLX stock traded up $0.14 during trading on Monday, hitting $16.16. The company had a trading volume of 196,942 shares, compared to its average volume of 256,114. The stock has a market cap of $722.49 million, a PE ratio of 13.69, a PEG ratio of 0.52 and a beta of 1.46. The business has a 50-day moving average of $18.99 and a 200-day moving average of $20.41. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36. Deluxe Co. has a one year low of $15.13 and a one year high of $24.87.

Deluxe (NYSE:DLX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.05). Deluxe had a return on equity of 21.33% and a net margin of 2.49%. Research analysts predict that Deluxe Co. will post 2.77 earnings per share for the current fiscal year.

Deluxe Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.20 annualized dividend and a dividend yield of 7.43%. Deluxe's payout ratio is 101.69%.

Insider Buying and Selling

In other Deluxe news, CEO Barry C. Mccarthy purchased 3,926 shares of the business's stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $16.45 per share, for a total transaction of $64,582.70. Following the acquisition, the chief executive officer now owns 272,851 shares of the company's stock, valued at approximately $4,488,398.95. This represents a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DLX has been the subject of a number of recent research reports. Sidoti raised Deluxe to a "hold" rating in a report on Thursday, January 30th. StockNews.com downgraded shares of Deluxe from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 15th.

Deluxe 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.