Kendall Capital Management Purchases 19,910 Shares of Deluxe Co. (NYSE:DLX)

Kendall Capital Management raised its stake in Deluxe Co. (NYSE:DLX - Free Report) by 64.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,686 shares of the business services provider's stock after buying an additional 19,910 shares during the period. Kendall Capital Management owned about 0.11% of Deluxe worth $1,145,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Round Hill Asset Management boosted its holdings in shares of Deluxe by 1.0% in the 3rd quarter. Round Hill Asset Management now owns 50,058 shares of the business services provider's stock worth $976,000 after purchasing an additional 485 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Deluxe by 93.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the business services provider's stock worth $25,000 after buying an additional 534 shares in the last quarter. Hudson Edge Investment Partners Inc. grew its position in Deluxe by 4.9% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 18,384 shares of the business services provider's stock valued at $415,000 after acquiring an additional 860 shares during the last quarter. FMR LLC grew its position in Deluxe by 57.2% during the third 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 last quarter. Finally, KBC Group NV lifted its holdings in shares of Deluxe by 63.5% in the 4th quarter. KBC Group NV now owns 3,237 shares of the business services provider's stock worth $73,000 after acquiring an additional 1,257 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

DLX has been the topic of several recent research reports. StockNews.com raised shares of Deluxe from a "buy" rating to a "strong-buy" rating in a report on Friday, March 7th. Sidoti upgraded Deluxe to a "hold" rating in a report on Thursday, January 30th.

Deluxe Trading Down 1.2 %

Shares of Deluxe stock traded down $0.20 on Wednesday, hitting $15.64. The stock had a trading volume of 406,989 shares, compared to its average volume of 255,823. The stock's 50-day simple moving average is $19.99 and its two-hundred day simple moving average is $20.65. Deluxe Co. has a one year low of $15.13 and a one year 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 $695.08 million, a price-to-earnings ratio of 13.26, a PEG ratio of 0.52 and a beta of 1.46.

Deluxe (NYSE:DLX - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.75 earnings per share (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%. As a group, sell-side analysts predict that Deluxe Co. will post 2.77 EPS for the current year.

Deluxe Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.20 annualized dividend and a dividend yield of 7.67%. Deluxe's dividend payout ratio (DPR) is presently 101.69%.

Insider Activity at Deluxe

In related news, CEO Barry C. Mccarthy acquired 3,926 shares of Deluxe stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $16.45 per share, with a total value of $64,582.70. Following the transaction, the chief executive officer now owns 272,851 shares in the company, valued at $4,488,398.95. This trade represents a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.23% of the stock is owned by corporate insiders.

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.