Wedge Capital Management L L P NC purchased a new position in Deluxe Co. (NYSE:DLX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 45,003 shares of the business services provider's stock, valued at approximately $1,017,000. Wedge Capital Management L L P NC owned about 0.10% of Deluxe at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Round Hill Asset Management boosted its stake in shares of Deluxe by 1.0% in the third quarter. Round Hill Asset Management now owns 50,058 shares of the business services provider's stock worth $976,000 after acquiring an additional 485 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Deluxe by 55.9% in the second quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider's stock worth $51,000 after acquiring an additional 811 shares during the last quarter. FMR LLC boosted its stake in shares of Deluxe by 57.2% in the third quarter. FMR LLC now owns 3,206 shares of the business services provider's stock worth $62,000 after acquiring an additional 1,166 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Deluxe in the second quarter worth approximately $26,000. Finally, Bank of Montreal Can boosted its stake in Deluxe by 8.7% during the second quarter. Bank of Montreal Can now owns 16,231 shares of the business services provider's stock worth $365,000 after buying an additional 1,299 shares during the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.
In other Deluxe news, CEO Barry C. Mccarthy purchased 2,290 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $23.57 per share, with a total value of $53,975.30. Following the purchase, the chief executive officer now directly owns 180,960 shares in the company, valued at approximately $4,265,227.20. This trade represents a 1.28 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 4.23% of the company's stock.
Separately, StockNews.com raised Deluxe from a "buy" rating to a "strong-buy" rating in a research note on Thursday, December 12th.
Check Out Our Latest Report on Deluxe
NYSE DLX opened at $22.51 on Tuesday. The stock's fifty day moving average is $22.90 and its two-hundred day moving average is $21.28. The firm has a market capitalization of $996.43 million, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.83 and a current ratio of 0.92. Deluxe Co. has a fifty-two week low of $18.48 and a fifty-two week high of $24.87.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.33%. The ex-dividend date was Tuesday, November 19th. Deluxe's dividend payout ratio (DPR) is presently 96.77%.
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.
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