Empowered Funds LLC Increases Stock Position in Deluxe Co. (NYSE:DLX)

Empowered Funds LLC grew its position in shares of Deluxe Co. (NYSE:DLX) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 220,391 shares of the business services provider’s stock after purchasing an additional 11,122 shares during the period. Empowered Funds LLC’s holdings in Deluxe were worth $4,295,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Deluxe during the 2nd quarter valued at approximately $26,000. Innealta Capital LLC purchased a new position in shares of Deluxe in the second quarter valued at $30,000. Ariadne Wealth Management LP bought a new stake in Deluxe in the second quarter worth $35,000. CWM LLC raised its stake in Deluxe by 555.6% during the second quarter. CWM LLC now owns 1,757 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Security National Bank bought a new position in Deluxe during the second quarter valued at $40,000. 93.90% of the stock is owned by institutional investors.

Insider Transactions at Deluxe

In other news, CEO Barry C. Mccarthy purchased 2,820 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average cost of $19.08 per share, for a total transaction of $53,805.60. Following the acquisition, the chief executive officer now owns 178,670 shares of the company’s stock, valued at approximately $3,409,023.60. This trade represents a 1.60 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Deluxe from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 13th.

Deluxe Stock Performance

NYSE:DLX opened at $23.21 on Monday. The firm has a market capitalization of $1.03 billion, a PE ratio of 18.72, a PEG ratio of 0.66 and a beta of 1.46. The stock’s fifty day moving average is $19.85 and its 200 day moving average is $21.10. Deluxe Co. has a fifty-two week low of $17.60 and a fifty-two week high of $24.87. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.83 and a current ratio of 0.92.

Deluxe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.17%. The ex-dividend date is Tuesday, November 19th. Deluxe’s dividend payout ratio is currently 96.77%.

Deluxe 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.