Deluxe Co. (NYSE:DLX) CEO Barry C. Mccarthy Purchases 3,926 Shares of Stock

Deluxe Co. (NYSE:DLX) CEO Barry C. Mccarthy bought 3,926 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $16.45 per share, with a total value of $64,582.70. Following the completion of the acquisition, the chief executive officer now owns 272,851 shares in the company, valued at approximately $4,488,398.95. This represents a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Deluxe Price Performance

Deluxe stock opened at $16.25 on Tuesday. Deluxe Co. has a 1 year low of $15.13 and a 1 year high of $24.87. 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 company’s fifty day moving average price is $20.26 and its 200 day moving average price is $20.70. The stock has a market capitalization of $721.87 million, a P/E ratio of 13.77, a P/E/G ratio of 0.52 and a beta of 1.46.

Deluxe (NYSE:DLX) last announced 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 return on equity of 21.33% and a net margin of 2.49%. As a group, equities research analysts anticipate that Deluxe Co. will post 2.77 earnings per share for the current fiscal year.

Deluxe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.20 annualized dividend and a yield of 7.39%. Deluxe’s dividend payout ratio (DPR) is presently 101.69%.

Institutional Investors Weigh In On Deluxe

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its stake in Deluxe by 93.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the business services provider’s stock worth $25,000 after purchasing an additional 534 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Deluxe during the 3rd quarter worth $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Deluxe during the 3rd quarter worth $36,000. FMR LLC raised its holdings 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 acquiring an additional 1,166 shares during the period. Finally, KBC Group NV raised its holdings 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 acquiring an additional 1,257 shares during the period. Institutional investors and hedge funds own 93.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DLX. StockNews.com raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Friday. Sidoti raised shares of Deluxe to a “hold” rating in a research note on Thursday, January 30th.

About Deluxe

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.