Point72 Asia Singapore Pte. Ltd. Buys Shares of 1,173 Deluxe Co. (NYSE:DLX)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Deluxe Co. (NYSE:DLX) during the second quarter, HoldingsChannel.com reports. The firm purchased 1,173 shares of the business services provider’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DLX. Cubist Systematic Strategies LLC acquired a new position in Deluxe in the second quarter valued at about $800,000. Marshall Wace LLP acquired a new stake in shares of Deluxe in the 2nd quarter valued at approximately $1,143,000. Bank of Montreal Can raised its position in shares of Deluxe by 8.7% in the 2nd quarter. Bank of Montreal Can now owns 16,231 shares of the business services provider’s stock valued at $365,000 after acquiring an additional 1,299 shares during the period. Public Sector Pension Investment Board boosted its stake in Deluxe by 6.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 96,931 shares of the business services provider’s stock worth $2,177,000 after acquiring an additional 6,258 shares during the last quarter. Finally, Kendall Capital Management acquired a new position in Deluxe during the second quarter valued at approximately $320,000. 93.90% of the stock is currently owned by institutional investors.

Deluxe Stock Down 1.7 %

Shares of Deluxe stock opened at $19.15 on Wednesday. The company has a market capitalization of $843.48 million, a P/E ratio of 24.87, 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 current ratio of 0.97 and a quick ratio of 0.87. The business has a 50-day moving average of $20.34 and a two-hundred day moving average of $21.06. Deluxe Co. has a 1 year low of $16.00 and a 1 year high of $24.87.

Deluxe (NYSE:DLX) last posted its earnings results on Wednesday, July 31st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.29. Deluxe had a return on equity of 20.90% and a net margin of 1.78%. The business had revenue of $537.80 million during the quarter, compared to analysts’ expectations of $537.90 million. During the same period in the prior year, the business earned $0.83 EPS. Deluxe’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, equities analysts predict that Deluxe Co. will post 2.8 EPS for the current year.

Deluxe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.20 annualized dividend and a yield of 6.27%. Deluxe’s dividend payout ratio is currently 155.84%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 6th.

Insider Buying and Selling

In other news, CEO Barry C. Mccarthy purchased 2,820 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average cost of $19.08 per share, for a total transaction 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 approximately $3,409,023.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.23% of the company’s stock.

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.