Geode Capital Management LLC Grows Stock Holdings in Deluxe Co. (NYSE:DLX)

Geode Capital Management LLC increased its holdings in shares of Deluxe Co. (NYSE:DLX) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,028,079 shares of the business services provider’s stock after acquiring an additional 17,583 shares during the period. Geode Capital Management LLC’s holdings in Deluxe were worth $20,041,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Deluxe during the 2nd quarter valued at approximately $26,000. Innealta Capital LLC bought a new stake in shares of Deluxe in the 2nd quarter worth about $30,000. Truvestments Capital LLC purchased a new position in shares of Deluxe during 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, Federated Hermes Inc. grew its stake in shares of Deluxe by 55.9% during the second quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider’s stock valued at $51,000 after buying an additional 811 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

Deluxe Stock Down 2.4 %

Deluxe stock opened at $22.44 on Friday. The business has a fifty day moving average of $22.13 and a two-hundred day moving average of $21.25. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 2.38. Deluxe Co. has a twelve month low of $18.48 and a twelve month high of $24.87. The firm has a market cap of $993.46 million, a P/E ratio of 18.10, a P/E/G ratio of 0.67 and a beta of 1.52.

Deluxe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend was Tuesday, November 19th. Deluxe’s payout ratio is presently 96.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Deluxe from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 12th.

Insider Activity

In related news, CEO Barry C. Mccarthy purchased 2,290 shares of Deluxe stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $23.57 per share, for a total transaction of $53,975.30. Following the completion of the transaction, the chief executive officer now owns 180,960 shares in the company, valued at $4,265,227.20. The trade was a 1.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.23% 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.