Dimensional Fund Advisors LP Purchases 123,361 Shares of Deluxe Co. (NYSE:DLX)

Dimensional Fund Advisors LP boosted its holdings in shares of Deluxe Co. (NYSE:DLX - Free Report) by 6.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,040,327 shares of the business services provider's stock after buying an additional 123,361 shares during the period. Dimensional Fund Advisors LP owned about 4.63% of Deluxe worth $45,824,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of Deluxe in the 2nd quarter valued at $30,000. CWM LLC increased its stake in shares of Deluxe by 555.6% in the 2nd quarter. CWM LLC now owns 1,757 shares of the business services provider's stock valued at $39,000 after acquiring an additional 1,489 shares during the last quarter. Security National Bank acquired a new position in shares of Deluxe in the 2nd quarter valued at approximately $40,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Deluxe in the 1st quarter valued at approximately $46,000. Finally, Federated Hermes Inc. grew its position in shares of Deluxe by 55.9% in the 2nd quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider's stock valued at $51,000 after purchasing an additional 811 shares during the period. Institutional investors and hedge funds own 93.90% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Deluxe from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 6th.

Deluxe Stock Up 1.5 %

NYSE:DLX traded up $0.28 during trading hours on Monday, reaching $19.49. 178,717 shares of the stock were exchanged, compared to its average volume of 231,768. The stock has a market cap of $858.46 million, a PE ratio of 25.31, a PEG ratio of 0.58 and a beta of 1.47. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.97 and a quick ratio of 0.87. Deluxe Co. has a twelve month low of $16.00 and a twelve month high of $24.87. The firm has a 50 day moving average of $20.34 and a 200 day moving average of $21.06.

Deluxe (NYSE:DLX - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.57 by $0.29. The company had revenue of $537.80 million during the quarter, compared to the consensus estimate of $537.90 million. Deluxe had a return on equity of 20.90% and a net margin of 1.78%. The firm's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS. On average, equities analysts expect that Deluxe Co. will post 2.8 earnings per share for the current year.

Deluxe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date was Monday, August 19th. Deluxe's dividend payout ratio (DPR) is presently 155.84%.

Insiders Place Their Bets

In other news, CEO Barry C. Mccarthy acquired 2,820 shares of the stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of $19.08 per share, for a total transaction of $53,805.60. Following the transaction, the chief executive officer now directly owns 178,670 shares of the company's stock, valued at $3,409,023.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.23% of the company's stock.

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.