Deluxe Co. (NYSE:DLX) Sees Large Increase in Short Interest

Deluxe Co. (NYSE:DLXGet Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 2,800,000 shares, a growth of 7.3% from the February 29th total of 2,610,000 shares. Based on an average trading volume of 216,000 shares, the short-interest ratio is presently 13.0 days.

Insiders Place Their Bets

In other news, CEO Barry C. Mccarthy bought 2,666 shares of the stock in a transaction on Wednesday, March 13th. The stock was bought at an average cost of $19.25 per share, for a total transaction of $51,320.50. Following the completion of the purchase, the chief executive officer now directly owns 173,410 shares in the company, valued at $3,338,142.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.23% of the company’s stock.

Institutional Trading of Deluxe

A number of large investors have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in shares of Deluxe in the 4th quarter valued at about $220,000. Price T Rowe Associates Inc. MD raised its stake in shares of Deluxe by 2.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,391 shares of the business services provider’s stock valued at $867,000 after purchasing an additional 834 shares during the period. GSA Capital Partners LLP grew its position in shares of Deluxe by 243.7% during the fourth quarter. GSA Capital Partners LLP now owns 93,403 shares of the business services provider’s stock worth $2,003,000 after buying an additional 66,224 shares in the last quarter. Barclays PLC grew its position in shares of Deluxe by 141.7% during the fourth quarter. Barclays PLC now owns 86,748 shares of the business services provider’s stock worth $1,861,000 after buying an additional 50,851 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in Deluxe by 12.8% in the fourth quarter. Nuveen Asset Management LLC now owns 704,045 shares of the business services provider’s stock worth $15,102,000 after purchasing an additional 80,081 shares during the period. Institutional investors and hedge funds own 93.90% of the company’s stock.

Deluxe Price Performance

Shares of NYSE DLX traded up $0.17 during trading on Wednesday, hitting $20.14. The company had a trading volume of 36,134 shares, compared to its average volume of 216,976. The firm has a market capitalization of $883.14 million, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 0.60 and a beta of 1.48. Deluxe has a fifty-two week low of $13.61 and a fifty-two week high of $21.97. The stock has a fifty day simple moving average of $19.84 and a two-hundred day simple moving average of $19.31. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 2.49.

Deluxe (NYSE:DLXGet Free Report) last issued its earnings results on Thursday, February 1st. The business services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The company had revenue of $537.40 million for the quarter, compared to the consensus estimate of $537.80 million. Deluxe had a net margin of 1.20% and a return on equity of 21.53%. Deluxe’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. On average, research analysts expect that Deluxe will post 2.78 earnings per share for the current year.

Deluxe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Tuesday, February 20th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Friday, February 16th. Deluxe’s payout ratio is 203.39%.

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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