Marshall Wace LLP Invests $1.14 Million in Deluxe Co. (NYSE:DLX)

Marshall Wace LLP acquired a new position in shares of Deluxe Co. (NYSE:DLX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 50,872 shares of the business services provider's stock, valued at approximately $1,143,000. Marshall Wace LLP owned approximately 0.12% of Deluxe at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in shares of Deluxe during the second quarter worth about $30,000. CWM LLC increased its position in shares of Deluxe by 555.6% during the second quarter. CWM LLC now owns 1,757 shares of the business services provider's stock worth $39,000 after acquiring an additional 1,489 shares during the last quarter. Security National Bank purchased a new stake in shares of Deluxe during the second quarter worth about $40,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Deluxe during the first quarter worth about $46,000. Finally, Federated Hermes Inc. increased its position in shares of Deluxe by 55.9% during the second quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider's stock worth $51,000 after acquiring an additional 811 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Deluxe

In other news, CEO Barry C. Mccarthy acquired 2,820 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of $19.08 per share, with a total value of $53,805.60. Following the completion of the acquisition, the chief executive officer now directly owns 178,670 shares in the company, valued at $3,409,023.60. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.23% of the stock is owned by corporate insiders.

Deluxe Stock Up 0.1 %

Shares of NYSE DLX traded up $0.02 during midday trading on Monday, reaching $19.29. 163,403 shares of the company's stock were exchanged, compared to its average volume of 230,815. Deluxe Co. has a 52-week low of $16.00 and a 52-week high of $24.87. The stock has a market capitalization of $849.65 million, a PE ratio of 25.05, a price-to-earnings-growth ratio of 0.58 and a beta of 1.47. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.87 and a current ratio of 0.97. The business's fifty day moving average price is $19.82 and its two-hundred day moving average price is $21.03.

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

Deluxe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.22%. The ex-dividend date was Monday, August 19th. Deluxe's dividend payout ratio is currently 155.84%.

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.