Deluxe (NYSE:DLX) Upgraded at StockNews.com

StockNews.com upgraded shares of Deluxe (NYSE:DLX) from a buy rating to a strong-buy rating in a report published on Thursday.

Deluxe Stock Down 1.9 %

Shares of Deluxe stock opened at $23.32 on Thursday. The company’s fifty day simple moving average is $21.46 and its two-hundred day simple moving average is $21.22. Deluxe has a 12-month low of $18.48 and a 12-month high of $24.87. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 2.38. The company has a market cap of $1.03 billion, a P/E ratio of 18.81, a PEG ratio of 0.67 and a beta of 1.52.

Deluxe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th were issued a $0.30 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $1.20 annualized dividend and a yield of 5.15%. Deluxe’s dividend payout ratio (DPR) is presently 96.77%.

Insider Buying and Selling at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy acquired 2,290 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $23.57 per share, with a total value of $53,975.30. Following the completion of the purchase, the chief executive officer now directly owns 180,960 shares of the company’s stock, valued at approximately $4,265,227.20. The trade was a 1.28 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.23% of the company’s stock.

Hedge Funds Weigh In On Deluxe

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Deluxe in the 2nd quarter worth about $26,000. Innealta Capital LLC bought a new stake in shares of Deluxe in the 2nd quarter worth $30,000. Truvestments Capital LLC purchased a new position in Deluxe in the 3rd quarter worth about $32,000. Ariadne Wealth Management LP purchased a new position in shares of Deluxe during the second quarter valued at approximately $35,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Deluxe during the 3rd quarter valued at $36,000. Institutional investors own 93.90% of the company’s stock.

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.