Versor Investments LP increased its position in Deluxe Corporation (NYSE:DLX – Free Report) by 268.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 39,681 shares of the business services provider’s stock after acquiring an additional 28,900 shares during the quarter. Versor Investments LP owned about 0.09% of Deluxe worth $886,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in DLX. Royal Bank of Canada increased its holdings in Deluxe by 25.6% in the 1st quarter. Royal Bank of Canada now owns 505,810 shares of the business services provider’s stock worth $7,996,000 after acquiring an additional 102,948 shares during the last quarter. AQR Capital Management LLC increased its holdings in Deluxe by 10.0% in the 1st quarter. AQR Capital Management LLC now owns 272,134 shares of the business services provider’s stock worth $4,302,000 after acquiring an additional 24,660 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Deluxe by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,260 shares of the business services provider’s stock worth $415,000 after acquiring an additional 1,072 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Deluxe by 9.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 110,736 shares of the business services provider’s stock worth $1,751,000 after acquiring an additional 10,017 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Deluxe in the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.
Deluxe Stock Down 1.8%
DLX stock opened at $25.32 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.15 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $1.16 billion, a PE ratio of 10.82, a PEG ratio of 0.61 and a beta of 1.33. Deluxe Corporation has a twelve month low of $13.61 and a twelve month high of $32.07. The stock has a 50-day simple moving average of $28.10 and a two-hundred day simple moving average of $24.68.
Deluxe Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Deluxe’s payout ratio is presently 51.28%.
Analysts Set New Price Targets
DLX has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Deluxe in a report on Friday. Zacks Research lowered Deluxe from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, Wall Street Zen lowered Deluxe from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Deluxe
Deluxe Company Profile
Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.
The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.
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