Deluxe Co. (NYSE:DLX) Stock Holdings Boosted by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its position in shares of Deluxe Co. (NYSE:DLX - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,280,259 shares of the business services provider's stock after buying an additional 31,288 shares during the quarter. William Blair Investment Management LLC owned approximately 2.89% of Deluxe worth $28,921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DLX. Victory Capital Management Inc. grew its holdings in shares of Deluxe by 4.8% during the third quarter. Victory Capital Management Inc. now owns 99,066 shares of the business services provider's stock worth $1,931,000 after buying an additional 4,517 shares in the last quarter. Quest Partners LLC grew its holdings in shares of Deluxe by 10.5% during the third quarter. Quest Partners LLC now owns 35,321 shares of the business services provider's stock worth $688,000 after buying an additional 3,369 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Deluxe by 16.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 186,766 shares of the business services provider's stock worth $3,640,000 after buying an additional 26,473 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Deluxe during the third quarter worth about $1,303,000. Finally, Cerity Partners LLC grew its holdings in shares of Deluxe by 34.9% during the third quarter. Cerity Partners LLC now owns 50,246 shares of the business services provider's stock worth $979,000 after buying an additional 12,992 shares in the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DLX shares. StockNews.com cut shares of Deluxe from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 15th. Sidoti raised shares of Deluxe to a "hold" rating in a research report on Thursday, January 30th.

Deluxe Trading Down 1.4 %

Shares of DLX traded down $0.23 during mid-day trading on Friday, hitting $16.00. The company had a trading volume of 580,342 shares, compared to its average volume of 256,030. The business's 50-day simple moving average is $18.99 and its 200-day simple moving average is $20.40. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 2.36. Deluxe Co. has a 1-year low of $15.13 and a 1-year high of $24.87. The stock has a market cap of $715.47 million, a PE ratio of 13.56, a P/E/G ratio of 0.52 and a beta of 1.46.

Deluxe (NYSE:DLX - Get Free Report) last announced its quarterly 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%. Sell-side analysts forecast that Deluxe Co. will post 2.77 earnings per share for the current year.

Deluxe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.20 annualized dividend and a yield of 7.50%. Deluxe's payout ratio is 101.69%.

Insider Buying and Selling at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy bought 3,926 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $16.45 per share, for a total transaction of $64,582.70. Following the completion of the purchase, the chief executive officer now directly owns 272,851 shares in the company, valued at approximately $4,488,398.95. This trade represents a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.60% of the stock is owned by insiders.

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.