Intech Investment Management LLC Acquires New Stake in Deluxe Co. (NYSE:DLX)

Intech Investment Management LLC purchased a new position in shares of Deluxe Co. (NYSE:DLX - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 66,847 shares of the business services provider's stock, valued at approximately $1,303,000. Intech Investment Management LLC owned 0.15% of Deluxe as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Deluxe by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 5,167,850 shares of the business services provider's stock worth $106,406,000 after purchasing an additional 171,998 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Deluxe by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,040,327 shares of the business services provider's stock worth $45,824,000 after buying an additional 123,361 shares in the last quarter. Millennium Management LLC increased its holdings in Deluxe by 249.9% in the 2nd quarter. Millennium Management LLC now owns 169,473 shares of the business services provider's stock valued at $3,806,000 after buying an additional 121,042 shares during the period. Arjuna Capital acquired a new position in shares of Deluxe in the 3rd quarter valued at approximately $1,490,000. Finally, Deprince Race & Zollo Inc. raised its position in shares of Deluxe by 3.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,907,463 shares of the business services provider's stock valued at $42,842,000 after buying an additional 62,525 shares in the last quarter. Institutional investors own 93.90% of the company's stock.

Deluxe Trading Up 0.8 %

Shares of Deluxe stock opened at $23.61 on Wednesday. The firm has a market capitalization of $1.05 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 2.38. The firm's 50 day moving average is $20.30 and its 200 day moving average is $21.14. Deluxe Co. has a 1 year low of $17.60 and a 1 year high of $24.87.

Deluxe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 19th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Tuesday, November 19th. Deluxe's dividend payout ratio (DPR) is 96.77%.

Insider Activity at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy acquired 2,820 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of $19.08 per share, for a total transaction of $53,805.60. Following the acquisition, the chief executive officer now directly owns 178,670 shares in the company, valued at $3,409,023.60. This represents a 1.60 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Deluxe from a "strong-buy" rating to a "buy" rating in a research note on Thursday, November 21st.

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.