Deluxe Co. (NYSE:DLX) Shares Acquired by Round Hill Asset Management

Round Hill Asset Management lifted its holdings in Deluxe Co. (NYSE:DLX) by 1.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,058 shares of the business services provider’s stock after purchasing an additional 485 shares during the period. Round Hill Asset Management’s holdings in Deluxe were worth $976,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DLX. Cerity Partners LLC grew its stake in Deluxe by 34.9% during the 3rd quarter. Cerity Partners LLC now owns 50,246 shares of the business services provider’s stock worth $979,000 after purchasing an additional 12,992 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Deluxe during the third quarter worth about $1,303,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Deluxe by 16.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 186,766 shares of the business services provider’s stock worth $3,640,000 after buying an additional 26,473 shares during the period. Quest Partners LLC raised its holdings in Deluxe by 10.5% in the third quarter. Quest Partners LLC now owns 35,321 shares of the business services provider’s stock valued at $688,000 after acquiring an additional 3,369 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Deluxe by 5.3% in the third quarter. Empowered Funds LLC now owns 220,391 shares of the business services provider’s stock worth $4,295,000 after acquiring an additional 11,122 shares during the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CEO Barry C. Mccarthy purchased 2,820 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $19.08 per share, with a total value of $53,805.60. Following the completion of the transaction, the chief executive officer now directly owns 178,670 shares in the company, valued at approximately $3,409,023.60. This represents a 1.60 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.23% of the stock is owned by corporate insiders.

Deluxe Trading Up 1.3 %

NYSE:DLX opened at $23.25 on Friday. Deluxe Co. has a 1 year low of $17.60 and a 1 year high of $24.87. The stock has a market cap of $1.03 billion, a P/E ratio of 18.75, a P/E/G ratio of 0.65 and a beta of 1.46. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.83 and a current ratio of 0.92. The stock has a 50-day simple moving average of $20.23 and a 200-day simple moving average of $21.15.

Deluxe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.20 annualized dividend and a yield of 5.16%. Deluxe’s dividend payout ratio is currently 96.77%.

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.