Deluxe Co. (NYSE:DLX) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its holdings in shares of Deluxe Co. (NYSE:DLX) by 53.7% during the 3rd quarter, Holdings Channel reports. The firm owned 43,105 shares of the business services provider’s stock after buying an additional 15,052 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Deluxe were worth $840,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DLX. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Deluxe during the 2nd quarter worth approximately $26,000. Innealta Capital LLC purchased a new stake in shares of Deluxe during the second quarter worth $30,000. Ariadne Wealth Management LP acquired a new stake in shares of Deluxe in the second quarter valued at $35,000. CWM LLC boosted its holdings in Deluxe by 555.6% in 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 during the period. Finally, Security National Bank acquired a new position in Deluxe during the 2nd quarter worth $40,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Deluxe from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 21st.

Insider Transactions at Deluxe

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

Deluxe Stock Down 1.4 %

Deluxe stock opened at $23.27 on Thursday. The stock has a market cap of $1.03 billion, a PE ratio of 19.04, a P/E/G ratio of 0.66 and a beta of 1.46. Deluxe Co. has a 1-year low of $17.60 and a 1-year high of $24.87. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.92 and a quick ratio of 0.83. The stock’s fifty day moving average is $20.38 and its two-hundred day moving average is $21.15.

Deluxe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 19th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.20 annualized dividend and a yield of 5.16%. 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.