Independent Advisor Alliance Takes Position in Deluxe Co. (NYSE:DLX)

Independent Advisor Alliance bought a new position in Deluxe Co. (NYSE:DLXFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 53,696 shares of the business services provider’s stock, valued at approximately $1,152,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Deluxe by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,750,481 shares of the business services provider’s stock worth $37,548,000 after acquiring an additional 130,357 shares in the last quarter. Algert Global LLC purchased a new stake in Deluxe during the third quarter valued at $1,655,000. Vanguard Group Inc. lifted its position in Deluxe by 1.0% during the third quarter. Vanguard Group Inc. now owns 5,002,771 shares of the business services provider’s stock valued at $94,502,000 after purchasing an additional 51,546 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of Deluxe in the 3rd quarter worth $496,000. Finally, LSV Asset Management increased its holdings in shares of Deluxe by 1.3% in the 3rd quarter. LSV Asset Management now owns 2,027,704 shares of the business services provider’s stock worth $38,303,000 after buying an additional 25,700 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Deluxe news, CEO Barry C. Mccarthy bought 2,666 shares of Deluxe stock in a transaction on Wednesday, March 13th. The shares were acquired at an average price of $19.25 per share, for a total transaction of $51,320.50. Following the completion of the purchase, the chief executive officer now directly owns 173,410 shares in the company, valued at approximately $3,338,142.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DLX has been the subject of a number of analyst reports. TD Cowen increased their price target on shares of Deluxe from $33.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Northcoast Research began coverage on Deluxe in a research note on Friday, April 19th. They issued a “buy” rating and a $27.00 price objective for the company.

View Our Latest Stock Report on DLX

Deluxe Price Performance

Deluxe stock opened at $23.03 on Monday. Deluxe Co. has a 12-month low of $14.62 and a 12-month high of $24.00. The company has a current ratio of 0.97, a quick ratio of 0.88 and a debt-to-equity ratio of 2.53. The firm has a 50-day moving average price of $20.49 and a 200-day moving average price of $19.86. The firm has a market capitalization of $1.01 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 0.69 and a beta of 1.48.

Deluxe Dividend Announcement

The firm 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 is Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 5.21%. Deluxe’s payout ratio is 155.85%.

Deluxe Profile

(Free Report)

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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Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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