Deluxe Co. (NYSE:DLX) Shares Acquired by Millennium Management LLC

Millennium Management LLC raised its holdings in Deluxe Co. (NYSE:DLX - Free Report) by 249.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,473 shares of the business services provider's stock after purchasing an additional 121,042 shares during the period. Millennium Management LLC owned about 0.38% of Deluxe worth $3,806,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Deluxe in the 2nd quarter valued at approximately $26,000. Innealta Capital LLC acquired a new position in shares of Deluxe in the 2nd quarter valued at approximately $30,000. CWM LLC raised its position 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 purchasing an additional 1,489 shares in the last quarter. Security National Bank acquired a new position in shares of Deluxe in the 2nd quarter valued at approximately $40,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Deluxe in the 1st quarter valued at approximately $46,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,820 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $19.08 per share, with a total value of $53,805.60. Following the completion of the purchase, the chief executive officer now owns 178,670 shares in the company, valued at $3,409,023.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Deluxe Stock Performance

Shares of NYSE DLX traded down $0.15 during trading on Monday, reaching $19.12. The stock had a trading volume of 106,413 shares, compared to its average volume of 228,978. Deluxe Co. has a one year low of $16.00 and a one year high of $24.87. 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 stock has a market cap of $842.16 million, a PE ratio of 24.83, a P/E/G ratio of 0.56 and a beta of 1.47. The firm's 50 day moving average price is $19.52 and its two-hundred day moving average price is $20.98.

Deluxe (NYSE:DLX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.29. The firm 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 was down 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. On average, research analysts forecast that Deluxe Co. will post 2.8 earnings per share for the current fiscal year.

Deluxe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 6.28%. Deluxe's payout ratio is currently 155.84%.

Deluxe 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.