Deluxe Corporation $DLX Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in Deluxe Corporation (NYSE:DLX) by 4.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,920,702 shares of the business services provider’s stock after selling 203,083 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Deluxe worth $95,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Strs Ohio bought a new position in Deluxe in the 1st quarter worth approximately $30,000. Raymond James Financial Inc. bought a new stake in Deluxe during the 2nd quarter valued at $31,000. Federated Hermes Inc. boosted its position in Deluxe by 110.6% during the 3rd quarter. Federated Hermes Inc. now owns 3,089 shares of the business services provider’s stock worth $60,000 after acquiring an additional 1,622 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Deluxe by 476.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the business services provider’s stock worth $130,000 after purchasing an additional 6,735 shares in the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in shares of Deluxe during the second quarter valued at $168,000. Institutional investors own 93.90% of the company’s stock.

Deluxe Stock Performance

NYSE:DLX opened at $28.10 on Friday. The company has a 50-day moving average of $25.41 and a 200-day moving average of $21.76. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 0.66 and a beta of 1.37. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 2.08. Deluxe Corporation has a twelve month low of $13.61 and a twelve month high of $28.60.

Deluxe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Monday, February 9th were given a $0.30 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.20 annualized dividend and a yield of 4.3%. Deluxe’s payout ratio is 63.83%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DLX shares. Wall Street Zen raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. CJS Securities raised shares of Deluxe to a “hold” rating in a research note on Thursday, December 11th. Zacks Research upgraded shares of Deluxe from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings raised Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $23.00.

Deluxe Company Profile

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.