Millennium Management LLC Purchases 121,042 Shares of Deluxe Co. (NYSE:DLX)

Millennium Management LLC lifted its position in shares of Deluxe Co. (NYSE:DLX) by 249.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Deluxe in the 2nd quarter valued at approximately $26,000. Innealta Capital LLC bought a new position in Deluxe during the 2nd quarter worth $30,000. CWM LLC grew 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 buying an additional 1,489 shares during the last quarter. Security National Bank acquired a new stake in shares of Deluxe in the second quarter valued at about $40,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Deluxe during the first quarter worth about $46,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insider Transactions at Deluxe

In related news, CEO Barry C. Mccarthy purchased 2,820 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average price of $19.08 per share, for a total transaction of $53,805.60. Following the purchase, the chief executive officer now owns 178,670 shares of the company’s stock, valued at approximately $3,409,023.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.23% of the stock is currently owned by insiders.

Deluxe Stock Performance

Shares of DLX stock opened at $19.27 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 2.44. Deluxe Co. has a 52 week low of $16.00 and a 52 week high of $24.87. The firm has a 50 day moving average of $19.52 and a 200-day moving average of $20.99. The company has a market cap of $848.77 million, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 0.56 and a beta of 1.47.

Deluxe (NYSE:DLX) 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. Deluxe had a net margin of 1.78% and a return on equity of 20.90%. The firm had revenue of $537.80 million for the quarter, compared to analyst estimates of $537.90 million. During the same quarter in the prior year, the business earned $0.83 earnings per share. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, equities analysts forecast that Deluxe Co. will post 2.8 earnings per share for the current year.

Deluxe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend was Monday, August 19th. Deluxe’s dividend payout ratio is currently 155.84%.

Wall Street Analyst Weigh In

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

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.