Deluxe (NYSE:DLX) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Deluxe Co. (NYSE:DLX)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.29 and traded as high as $21.77. Deluxe shares last traded at $21.27, with a volume of 243,051 shares trading hands.

Wall Street Analyst Weigh In

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

Deluxe Trading Down 3.3 %

The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market capitalization of $941.67 million, a price-to-earnings ratio of 17.15, a PEG ratio of 0.67 and a beta of 1.52. The company has a 50-day moving average price of $22.80 and a 200-day moving average price of $21.28.

Deluxe Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 19th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.64%. Deluxe’s dividend payout ratio (DPR) is presently 96.77%.

Insiders Place Their Bets

In related news, CEO Barry C. Mccarthy acquired 2,290 shares of Deluxe stock in a transaction 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 purchase, the chief executive officer now directly owns 180,960 shares in the company, valued at approximately $4,265,227.20. The trade was a 1.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.23% of the stock is currently owned by corporate insiders.

Institutional Trading of Deluxe

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Deluxe during the 2nd quarter worth $26,000. Truvestments Capital LLC acquired a new stake in shares of Deluxe in the third quarter valued at about $32,000. Ariadne Wealth Management LP purchased a new stake in Deluxe during the second quarter worth about $35,000. Wilmington Savings Fund Society FSB acquired a new position in Deluxe during the third quarter worth about $36,000. Finally, Federated Hermes Inc. increased its holdings in Deluxe by 55.9% in the second quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider’s stock valued at $51,000 after buying an additional 811 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Deluxe Company 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.