Sanctuary Advisors LLC Takes $1.77 Million Position in Deluxe Co. (NYSE:DLX)

Sanctuary Advisors LLC purchased a new position in shares of Deluxe Co. (NYSE:DLX - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 75,577 shares of the business services provider's stock, valued at approximately $1,770,000. Sanctuary Advisors LLC owned approximately 0.17% of Deluxe at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DLX. Arjuna Capital acquired a new position in Deluxe during the third quarter valued at approximately $1,490,000. Intech Investment Management LLC bought a new stake in shares of Deluxe in the third quarter worth $1,303,000. Barclays PLC increased its stake in Deluxe by 73.2% during the third quarter. Barclays PLC now owns 148,447 shares of the business services provider's stock valued at $2,893,000 after purchasing an additional 62,715 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Deluxe by 91.2% during the third quarter. JPMorgan Chase & Co. now owns 130,273 shares of the business services provider's stock valued at $2,539,000 after purchasing an additional 62,148 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in Deluxe during the fourth quarter valued at $1,017,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DLX shares. Sidoti upgraded shares of Deluxe to a "hold" rating in a research report on Thursday, January 30th. StockNews.com downgraded shares of Deluxe from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th.

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Insiders Place Their Bets

In other news, CEO Barry C. Mccarthy bought 2,290 shares of Deluxe stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $23.57 per share, with a total value of $53,975.30. Following the completion of the transaction, the chief executive officer now directly owns 180,960 shares in the company, valued at $4,265,227.20. This trade represents a 1.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.23% of the company's stock.

Deluxe Trading Down 0.4 %

NYSE DLX traded down $0.06 on Thursday, hitting $16.23. 411,428 shares of the company were exchanged, compared to its average volume of 369,111. The firm has a market capitalization of $721.12 million, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 0.52 and a beta of 1.52. Deluxe Co. has a twelve month low of $16.01 and a twelve month high of $24.87. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.98 and a quick ratio of 0.83. The company's 50 day moving average price is $21.17 and its 200-day moving average price is $20.87.

Deluxe (NYSE:DLX - Get Free Report) last issued its earnings results on Wednesday, February 5th. The business services provider reported $0.75 earnings per share 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%. Analysts predict that Deluxe Co. will post 2.77 earnings per share for the current fiscal year.

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.20 dividend on an annualized basis and a yield of 7.39%. Deluxe's payout ratio is currently 101.69%.

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.