Deluxe Co. (NYSE:DLX) Shares Bought by Swiss National Bank

Swiss National Bank lifted its position in shares of Deluxe Co. (NYSE:DLX) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,000 shares of the business services provider’s stock after purchasing an additional 1,000 shares during the period. Swiss National Bank’s holdings in Deluxe were worth $1,965,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in Deluxe by 93.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 534 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Deluxe in the third quarter valued at approximately $36,000. FMR LLC increased its stake in shares of Deluxe by 57.2% during the 3rd quarter. FMR LLC now owns 3,206 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,166 shares in the last quarter. KBC Group NV raised its position in shares of Deluxe by 63.5% during the 4th quarter. KBC Group NV now owns 3,237 shares of the business services provider’s stock worth $73,000 after purchasing an additional 1,257 shares during the last quarter. Finally, EMC Capital Management lifted its stake in Deluxe by 231.9% in the 4th quarter. EMC Capital Management now owns 5,417 shares of the business services provider’s stock valued at $122,000 after buying an additional 3,785 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com cut Deluxe from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Sidoti raised shares of Deluxe to a “hold” rating in a research note on Thursday, January 30th.

Deluxe Stock Down 3.2 %

DLX stock opened at $15.87 on Friday. The company has a 50 day moving average price of $18.37 and a two-hundred day moving average price of $20.28. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market capitalization of $709.70 million, a P/E ratio of 13.45, a PEG ratio of 0.52 and a beta of 1.46. Deluxe Co. has a one year low of $15.13 and a one year high of $24.87.

Deluxe (NYSE:DLX) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). Deluxe had a net margin of 2.49% and a return on equity of 21.33%. As a group, sell-side analysts expect that Deluxe Co. will post 2.77 EPS for the current year.

Deluxe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.20 annualized dividend and a dividend yield of 7.56%. Deluxe’s payout ratio is currently 101.69%.

Insider Buying and Selling

In other news, CEO Barry C. Mccarthy bought 3,926 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $16.45 per share, with a total value of $64,582.70. Following the transaction, the chief executive officer now owns 272,851 shares of the company’s stock, valued at $4,488,398.95. This represents a 1.46 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 5.60% of the company’s stock.

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.