Mitsubishi UFJ Asset Management Co. Ltd. Purchases 2,239 Shares of Deluxe Co. (NYSE:DLX)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Deluxe Co. (NYSE:DLX) by 46.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,084 shares of the business services provider’s stock after purchasing an additional 2,239 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Deluxe were worth $161,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DLX. Smartleaf Asset Management LLC increased its holdings in Deluxe by 93.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the business services provider’s stock valued at $25,000 after buying an additional 534 shares during the last quarter. Hudson Edge Investment Partners Inc. increased its stake in shares of Deluxe by 4.9% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 18,384 shares of the business services provider’s stock worth $415,000 after purchasing an additional 860 shares in the last quarter. Swiss National Bank raised its holdings in Deluxe by 1.2% in the 4th quarter. Swiss National Bank now owns 87,000 shares of the business services provider’s stock worth $1,965,000 after purchasing an additional 1,000 shares during the period. FMR LLC raised its holdings in Deluxe by 57.2% in 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 during the period. Finally, KBC Group NV lifted its position in Deluxe by 63.5% during the fourth quarter. KBC Group NV now owns 3,237 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 1,257 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Insider Activity at Deluxe

In other news, CEO Barry C. Mccarthy acquired 3,926 shares of Deluxe stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $16.45 per share, with a total value of $64,582.70. Following the purchase, the chief executive officer now directly owns 272,851 shares in the company, valued at $4,488,398.95. The trade was a 1.46 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com downgraded Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 26th. Sidoti upgraded shares of Deluxe to a “hold” rating in a research note on Thursday, January 30th.

Deluxe Price Performance

NYSE:DLX opened at $15.17 on Friday. The business’s 50-day simple moving average is $17.83 and its two-hundred day simple moving average is $20.18. Deluxe Co. has a 52 week low of $15.07 and a 52 week high of $24.87. The stock has a market cap of $678.36 million, a PE ratio of 12.86, a P/E/G ratio of 0.52 and a beta of 1.46. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 2.36.

Deluxe (NYSE:DLX) last issued its earnings results on Wednesday, February 5th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts forecast that Deluxe Co. will post 2.77 EPS for the current fiscal year.

Deluxe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.91%. Deluxe’s dividend payout ratio is 101.69%.

Deluxe 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.