Kendall Capital Management purchased a new stake in shares of Deluxe Corporation (NYSE:DLX – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 78,776 shares of the business services provider’s stock, valued at approximately $1,881,000. Kendall Capital Management owned about 0.17% of Deluxe as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in DLX. UMB Bank n.a. boosted its holdings in shares of Deluxe by 3,597.9% in the fourth quarter. UMB Bank n.a. now owns 1,738 shares of the business services provider’s stock worth $39,000 after buying an additional 1,691 shares during the last quarter. Strs Ohio purchased a new stake in Deluxe during the first quarter valued at approximately $30,000. Raymond James Financial Inc. bought a new position in Deluxe in the second quarter worth approximately $31,000. TD Waterhouse Canada Inc. bought a new position in Deluxe in the fourth quarter worth approximately $45,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Deluxe by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider’s stock worth $49,000 after acquiring an additional 552 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.
Deluxe Trading Down 1.1%
Deluxe stock opened at $23.64 on Friday. Deluxe Corporation has a 12-month low of $17.76 and a 12-month high of $32.07. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 0.58 and a beta of 1.24. The firm has a 50 day moving average of $24.69 and a 200 day moving average of $26.04. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 2.02.
Deluxe Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.20 annualized dividend and a yield of 5.1%. Deluxe’s dividend payout ratio is currently 53.33%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on DLX shares. Wall Street Zen downgraded shares of Deluxe from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings cut Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.
View Our Latest Research Report on Deluxe
Deluxe 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.
Read More
- Five stocks we like better than Deluxe
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Receive News & Ratings for Deluxe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe and related companies with MarketBeat.com's FREE daily email newsletter.
