City Center Advisors LLC Reduces Position in Deluxe Co. (NYSE:DLX)

City Center Advisors LLC trimmed its position in Deluxe Co. (NYSE:DLX) by 22.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,983 shares of the business services provider’s stock after selling 3,662 shares during the quarter. City Center Advisors LLC’s holdings in Deluxe were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DLX. Point72 Asia Singapore Pte. Ltd. bought a new position in Deluxe during the 2nd quarter valued at approximately $26,000. Truvestments Capital LLC purchased a new position in shares of Deluxe during the third quarter valued at approximately $32,000. Ariadne Wealth Management LP bought a new position in shares of Deluxe during the second quarter valued at approximately $35,000. Wilmington Savings Fund Society FSB purchased a new stake in Deluxe in the third quarter worth $36,000. Finally, Federated Hermes Inc. raised its holdings in Deluxe by 55.9% in the 2nd quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider’s stock worth $51,000 after purchasing an additional 811 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Insider Buying and Selling

In other news, CEO Barry C. Mccarthy acquired 2,290 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average cost of $23.57 per share, with a total value of $53,975.30. Following the transaction, the chief executive officer now 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.23% of the stock is currently owned by insiders.

Deluxe Price Performance

DLX opened at $21.27 on Monday. 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 $941.62 million, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 0.66 and a beta of 1.52. The stock has a fifty day simple moving average of $22.80 and a two-hundred day simple moving average of $21.28. Deluxe Co. has a 12-month low of $18.48 and a 12-month high of $24.87.

Deluxe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 19th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.20 dividend on an annualized basis and a yield of 5.64%. Deluxe’s dividend payout ratio (DPR) is currently 96.77%.

Analyst Ratings Changes

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

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.