Deluxe (NYSE:DLX) Shares Pass Above 200-Day Moving Average – Time to Sell?

Deluxe Co. (NYSE:DLX) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.29 and traded as high as $21.77. Deluxe shares last traded at $21.27, with a volume of 243,051 shares changing hands.

Wall Street Analyst Weigh In

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

Deluxe Stock Performance

The firm has a market capitalization of $941.67 million, a price-to-earnings ratio of 17.15, a P/E/G ratio of 0.67 and a beta of 1.52. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 2.38. The stock has a 50-day moving average price of $22.75 and a 200 day moving average price of $21.29.

Deluxe Announces Dividend

The business also recently disclosed 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 5.64%. The ex-dividend date of this dividend was Tuesday, November 19th. Deluxe’s dividend payout ratio is presently 96.77%.

Insider Transactions at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,290 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $23.57 per share, with a total value of $53,975.30. Following the completion of the acquisition, the chief executive officer now directly owns 180,960 shares of the company’s stock, valued at $4,265,227.20. This trade represents a 1.28 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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 added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Deluxe in the second quarter valued at approximately $26,000. Truvestments Capital LLC purchased a new stake in Deluxe in the third quarter valued at approximately $32,000. Ariadne Wealth Management LP purchased a new stake in Deluxe in the second quarter valued at approximately $35,000. Wilmington Savings Fund Society FSB purchased a new stake in Deluxe in the third quarter valued at approximately $36,000. Finally, Federated Hermes Inc. lifted its stake in Deluxe by 55.9% in 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. 93.90% of the stock is owned by institutional investors and hedge funds.

About Deluxe

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.