Deluxe (NYSE:DLX) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Deluxe Co. (NYSE:DLX) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.28 and traded as high as $22.71. Deluxe shares last traded at $22.51, with a volume of 152,448 shares traded.

Analysts Set New Price Targets

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

Deluxe Stock Performance

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 stock has a market capitalization of $986.78 million, a PE ratio of 17.98, a P/E/G ratio of 0.62 and a beta of 1.52. The firm’s 50 day moving average is $22.88 and its two-hundred day moving average is $21.29.

Deluxe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 19th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 19th. This represents a $1.20 annualized dividend and a yield of 5.38%. Deluxe’s payout ratio is 96.77%.

Insiders Place Their Bets

In related news, CEO Barry C. Mccarthy acquired 2,290 shares of Deluxe stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $23.57 per share, for a total transaction of $53,975.30. Following the transaction, the chief executive officer now owns 180,960 shares of the company’s stock, valued at $4,265,227.20. This represents a 1.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Deluxe

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Deluxe by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,040,327 shares of the business services provider’s stock worth $45,824,000 after acquiring an additional 123,361 shares during the period. Millennium Management LLC grew its holdings in Deluxe by 249.9% during the second quarter. Millennium Management LLC now owns 169,473 shares of the business services provider’s stock worth $3,806,000 after acquiring an additional 121,042 shares during the period. Arjuna Capital purchased a new position in Deluxe in the third quarter worth $1,490,000. Intech Investment Management LLC acquired a new stake in Deluxe in the third quarter valued at $1,303,000. Finally, Barclays PLC grew its stake in shares of Deluxe by 73.2% during the 3rd quarter. Barclays PLC now owns 148,447 shares of the business services provider’s stock worth $2,893,000 after purchasing an additional 62,715 shares during the period. 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.