Deluxe Co. (NYSE:DLX) Position Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Deluxe Co. (NYSE:DLX) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,988 shares of the business services provider’s stock after purchasing an additional 17,222 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.46% of Deluxe worth $4,608,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in Deluxe by 93.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the business services provider’s stock worth $25,000 after buying an additional 534 shares during the last quarter. Truvestments Capital LLC acquired a new position in Deluxe in the third quarter worth approximately $32,000. Wilmington Savings Fund Society FSB acquired a new position in Deluxe in the third quarter worth approximately $36,000. FMR LLC grew its position in 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 buying an additional 1,166 shares during the last quarter. Finally, KBC Group NV grew its position in Deluxe by 63.5% in the fourth quarter. KBC Group NV now owns 3,237 shares of the business services provider’s stock worth $73,000 after buying an additional 1,257 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DLX shares. Sidoti upgraded shares of Deluxe to a “hold” rating in a research report on Thursday, January 30th. StockNews.com cut shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

Insider Buying and Selling at Deluxe

In related news, CEO Barry C. Mccarthy bought 3,926 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was bought 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 of the company’s stock, valued at approximately $4,488,398.95. This represents a 1.46 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.23% of the company’s stock.

Deluxe Trading Up 1.3 %

NYSE DLX opened at $15.83 on Monday. Deluxe Co. has a twelve month low of $15.13 and a twelve month 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 stock has a market cap of $703.12 million, a price-to-earnings ratio of 13.41, a PEG ratio of 0.52 and a beta of 1.46. The firm’s 50 day moving average price is $19.58 and its two-hundred day moving average price is $20.55.

Deluxe (NYSE:DLX) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.75 earnings per share 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%. Equities analysts anticipate that Deluxe Co. will post 2.77 EPS for the current year.

Deluxe Dividend Announcement

The business 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date was Tuesday, February 18th. Deluxe’s dividend payout ratio (DPR) is currently 101.69%.

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.