Short Interest in Deluxe Co. (NYSE:DLX) Drops By 6.8%

Deluxe Co. (NYSE:DLXGet Free Report) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 2,340,000 shares, a decline of 6.8% from the November 15th total of 2,510,000 shares. Based on an average daily volume of 229,800 shares, the days-to-cover ratio is currently 10.2 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Deluxe from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 12th.

Check Out Our Latest Stock Analysis on Deluxe

Deluxe Price Performance

Deluxe stock traded down $0.23 during mid-day trading on Tuesday, hitting $23.35. 106,362 shares of the company were exchanged, compared to its average volume of 230,058. 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 business’s 50 day simple moving average is $21.55 and its two-hundred day simple moving average is $21.22. The company has a market capitalization of $1.03 billion, a P/E ratio of 19.01, a PEG ratio of 0.67 and a beta of 1.52. Deluxe has a 12-month low of $18.48 and a 12-month high of $24.87.

Deluxe Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.14%. The ex-dividend date was Tuesday, November 19th. Deluxe’s payout ratio is 96.77%.

Insider Buying and Selling

In other news, CEO Barry C. Mccarthy acquired 2,290 shares of Deluxe stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $23.57 per share, with a total value of $53,975.30. Following the completion of the acquisition, the chief executive officer now owns 180,960 shares in the company, valued at $4,265,227.20. This trade represents a 1.28 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Deluxe

Several hedge funds have recently bought and sold shares of the stock. LSV Asset Management increased its position in Deluxe by 1.0% during the second quarter. LSV Asset Management now owns 2,112,423 shares of the business services provider’s stock worth $47,445,000 after buying an additional 21,752 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Deluxe by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,040,327 shares of the business services provider’s stock valued at $45,824,000 after purchasing an additional 123,361 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in Deluxe by 3.4% during the second quarter. Deprince Race & Zollo Inc. now owns 1,907,463 shares of the business services provider’s stock worth $42,842,000 after buying an additional 62,525 shares during the period. State Street Corp boosted its stake in Deluxe by 1.1% in the 3rd quarter. State Street Corp now owns 1,695,132 shares of the business services provider’s stock worth $33,038,000 after buying an additional 18,133 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Deluxe by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,028,079 shares of the business services provider’s stock valued at $20,041,000 after buying an additional 17,583 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.

About Deluxe

(Get Free Report)

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.

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