Deluxe (NYSE:DLX) Hits New 1-Year High at $22.72

Shares of Deluxe Co. (NYSE:DLX) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.72 and last traded at $22.62, with a volume of 199053 shares changing hands. The stock had previously closed at $22.16.

Analyst Ratings Changes

Separately, Northcoast Research began coverage on Deluxe in a report on Friday, April 19th. They issued a “buy” rating and a $27.00 price target on the stock.

Deluxe Trading Up 2.1 %

The business’s 50-day simple moving average is $19.95 and its 200-day simple moving average is $19.55. The company has a market cap of $996.32 million, a price-to-earnings ratio of 29.16, a PEG ratio of 0.65 and a beta of 1.48. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.97 and a quick ratio of 0.88.

Deluxe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.31%. Deluxe’s dividend payout ratio (DPR) is 155.84%.

Insider Activity

In related news, CEO Barry C. Mccarthy bought 2,666 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $19.25 per share, for a total transaction of $51,320.50. Following the completion of the acquisition, the chief executive officer now owns 173,410 shares in the company, valued at $3,338,142.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On Deluxe

Several institutional investors have recently bought and sold shares of DLX. Allspring Global Investments Holdings LLC acquired a new position in shares of Deluxe during the 1st quarter valued at $46,000. Armstrong Advisory Group Inc. raised its position in Deluxe by 159.3% in the fourth quarter. Armstrong Advisory Group Inc. now owns 3,106 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 1,908 shares during the period. EMC Capital Management boosted its position in shares of Deluxe by 63.2% in the third quarter. EMC Capital Management now owns 4,895 shares of the business services provider’s stock worth $92,000 after buying an additional 1,895 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Deluxe during the 1st quarter valued at about $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Deluxe by 32.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,026 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 1,985 shares during the period. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

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.