Integrated Quantitative Investments LLC Buys Shares of 43,974 Deluxe Co. (NYSE:DLX)

Integrated Quantitative Investments LLC bought a new position in shares of Deluxe Co. (NYSE:DLX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 43,974 shares of the business services provider's stock, valued at approximately $993,000. Integrated Quantitative Investments LLC owned about 0.10% of Deluxe as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new stake in shares of Deluxe in the fourth quarter worth approximately $220,326,000. Vanguard Group Inc. raised its stake in Deluxe by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,260,552 shares of the business services provider's stock worth $118,836,000 after purchasing an additional 64,060 shares during the period. State Street Corp boosted its holdings in shares of Deluxe by 1.1% in the 3rd 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 last quarter. William Blair Investment Management LLC grew its stake in shares of Deluxe by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,280,259 shares of the business services provider's stock valued at $28,921,000 after buying an additional 31,288 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Deluxe by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,028,079 shares of the business services provider's stock worth $20,041,000 after buying an additional 17,583 shares during the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Deluxe

In other news, CEO Barry C. Mccarthy acquired 3,926 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 272,851 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

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

Deluxe Stock Down 1.7 %

Shares of Deluxe stock traded down $0.24 on Wednesday, hitting $13.94. 133,022 shares of the company's stock traded hands, compared to its average volume of 273,755. Deluxe Co. has a 52-week low of $13.71 and a 52-week high of $24.87. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 2.36. The stock has a market cap of $623.18 million, a P/E ratio of 11.84, a PEG ratio of 0.52 and a beta of 1.41. The firm's 50-day moving average is $17.18 and its 200 day moving average is $20.04.

Deluxe (NYSE:DLX - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.49% and a return on equity of 21.33%. Equities analysts anticipate that Deluxe Co. will post 2.77 earnings per share for the current year.

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.61%. The ex-dividend date was Tuesday, February 18th. Deluxe's dividend payout ratio (DPR) is presently 101.69%.

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.