Deluxe (NYSE:DLX) Shares Cross Above 200-Day Moving Average – Here’s Why

Shares of Deluxe Co. (NYSE:DLX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.31 and traded as high as $23.22. Deluxe shares last traded at $23.06, with a volume of 268,777 shares traded.

Analyst Ratings Changes

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

Deluxe Trading Up 1.3 %

The company has a market cap of $1.02 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 0.62 and a beta of 1.52. 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 firm’s fifty day moving average price is $22.79 and its 200-day moving average price is $21.31.

Deluxe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 19th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend was Tuesday, November 19th. Deluxe’s payout ratio is currently 96.77%.

Insider Buying and Selling

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,290 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $23.57 per share, for a total transaction of $53,975.30. Following the completion of the transaction, the chief executive officer now owns 180,960 shares in the company, valued at $4,265,227.20. The trade was a 1.28 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On Deluxe

Several hedge funds and other institutional investors have recently bought and sold shares of DLX. Round Hill Asset Management raised its stake in Deluxe by 1.0% during the third quarter. Round Hill Asset Management now owns 50,058 shares of the business services provider’s stock worth $976,000 after acquiring an additional 485 shares in the last quarter. FMR LLC raised its stake in Deluxe by 57.2% during the third quarter. FMR LLC now owns 3,206 shares of the business services provider’s stock worth $62,000 after acquiring an additional 1,166 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Deluxe during the second quarter worth $26,000. KBC Group NV raised its stake in Deluxe by 63.5% during the fourth quarter. KBC Group NV now owns 3,237 shares of the business services provider’s stock worth $73,000 after acquiring an additional 1,257 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Deluxe by 8.7% during the second quarter. Bank of Montreal Can now owns 16,231 shares of the business services provider’s stock worth $365,000 after acquiring an additional 1,299 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

About Deluxe

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.