Guggenheim Capital LLC Has $458,000 Stock Position in Deluxe Co. (NYSE:DLX)

Guggenheim Capital LLC grew its position in Deluxe Co. (NYSE:DLX) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,279 shares of the business services provider’s stock after purchasing an additional 1,452 shares during the period. Guggenheim Capital LLC’s holdings in Deluxe were worth $458,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DLX. Vanguard Group Inc. grew its stake in shares of Deluxe by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 5,260,552 shares of the business services provider’s stock valued at $118,836,000 after buying an additional 64,060 shares in the last quarter. Barclays PLC grew its position in Deluxe by 73.2% in the third quarter. Barclays PLC now owns 148,447 shares of the business services provider’s stock worth $2,893,000 after acquiring an additional 62,715 shares in the last quarter. Geode Capital Management LLC grew its position in Deluxe by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,028,079 shares of the business services provider’s stock worth $20,041,000 after acquiring an additional 17,583 shares in the last quarter. Invesco Ltd. increased its stake in shares of Deluxe by 6.8% during the 4th quarter. Invesco Ltd. now owns 766,490 shares of the business services provider’s stock worth $17,315,000 after purchasing an additional 49,104 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Deluxe by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 214,690 shares of the business services provider’s stock valued at $4,850,000 after purchasing an additional 6,303 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Deluxe Price Performance

NYSE DLX opened at $15.34 on Friday. Deluxe Co. has a 1 year low of $13.70 and a 1 year high of $24.87. The company has a fifty day simple moving average of $15.63 and a 200 day simple moving average of $19.61. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36. The company has a market cap of $685.96 million, a P/E ratio of 13.00, a P/E/G ratio of 0.52 and a beta of 1.41.

Deluxe (NYSE:DLX) last issued its quarterly 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%. On average, sell-side analysts predict that Deluxe Co. will post 2.77 EPS for the current year.

Deluxe Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 7.82%. Deluxe’s dividend payout ratio (DPR) is presently 101.69%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DLX. StockNews.com cut shares of Deluxe from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 26th. Sidoti raised Deluxe to a “hold” rating in a report on Thursday, January 30th.

Insider Activity

In related news, CEO Barry C. Mccarthy bought 3,926 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $16.45 per share, for a total transaction 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. This trade represents a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the stock is owned by company insiders.

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.