Truvestments Capital LLC Takes Position in Deluxe Co. (NYSE:DLX)

Truvestments Capital LLC acquired a new position in Deluxe Co. (NYSE:DLX) during the 3rd quarter, Holdings Channel reports. The fund acquired 1,623 shares of the business services provider’s stock, valued at approximately $32,000.

A number of other large investors have also recently added to or reduced their stakes in DLX. Vanguard Group Inc. lifted its holdings in shares of Deluxe by 3.4% in the first quarter. Vanguard Group Inc. now owns 5,167,850 shares of the business services provider’s stock valued at $106,406,000 after purchasing an additional 171,998 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 valued at $45,824,000 after buying an additional 123,361 shares in the last quarter. Millennium Management LLC grew its holdings in Deluxe by 249.9% during the 2nd quarter. Millennium Management LLC now owns 169,473 shares of the business services provider’s stock valued at $3,806,000 after buying an additional 121,042 shares during the last quarter. Arjuna Capital acquired a new stake in Deluxe during the 3rd quarter valued at $1,490,000. Finally, Intech Investment Management LLC purchased a new position in Deluxe during the third quarter worth $1,303,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 21st.

Insider Transactions at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy bought 2,820 shares of Deluxe stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of $19.08 per share, for a total transaction of $53,805.60. Following the completion of the transaction, the chief executive officer now owns 178,670 shares of the company’s stock, valued at $3,409,023.60. This represents a 1.60 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.23% of the company’s stock.

Deluxe Stock Performance

Shares of DLX opened at $23.27 on Thursday. Deluxe Co. has a 1 year low of $17.60 and a 1 year high of $24.87. The company’s 50 day simple moving average is $20.38 and its 200 day simple moving average is $21.15. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 0.66 and a beta of 1.46. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.83 and a current ratio of 0.92.

Deluxe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend is Tuesday, November 19th. Deluxe’s dividend payout ratio is presently 96.77%.

Deluxe 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.