Deluxe Co. (NYSE:DLX) Shares Purchased by EMC Capital Management

EMC Capital Management boosted its stake in shares of Deluxe Co. (NYSE:DLX) by 231.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,417 shares of the business services provider’s stock after purchasing an additional 3,785 shares during the period. EMC Capital Management’s holdings in Deluxe were worth $122,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Deluxe during the second quarter worth about $26,000. Truvestments Capital LLC acquired a new stake in Deluxe in the 3rd quarter worth about $32,000. Wilmington Savings Fund Society FSB purchased a new stake in Deluxe during the 3rd quarter worth approximately $36,000. FMR LLC raised its holdings in shares of Deluxe by 57.2% during the third quarter. FMR LLC now owns 3,206 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 1,166 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Deluxe by 63.5% in the fourth quarter. KBC Group NV now owns 3,237 shares of the business services provider’s stock valued at $73,000 after acquiring an additional 1,257 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Deluxe Stock Up 2.3 %

Shares of NYSE DLX opened at $23.40 on Friday. The stock has a market cap of $1.04 billion, a PE ratio of 18.87, a P/E/G ratio of 0.62 and a beta of 1.52. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 2.38. Deluxe Co. has a 12-month low of $18.48 and a 12-month high of $24.87. The company has a 50-day moving average of $22.81 and a 200 day moving average of $21.34.

Deluxe Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 19th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.20 annualized dividend and a dividend yield of 5.13%. Deluxe’s dividend payout ratio is presently 96.77%.

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 stock was purchased 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 approximately $4,265,227.20. This trade represents a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.23% of the stock is currently owned by company insiders.

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.