23,310 Shares in Deluxe Co. (NYSE:DLX) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new stake in Deluxe Co. (NYSE:DLX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 23,310 shares of the business services provider’s stock, valued at approximately $527,000. Sequoia Financial Advisors LLC owned 0.05% of Deluxe at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Deluxe by 16.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 186,766 shares of the business services provider’s stock worth $3,640,000 after purchasing an additional 26,473 shares during the last quarter. Jane Street Group LLC grew its stake in Deluxe by 10.0% during the third quarter. Jane Street Group LLC now owns 115,280 shares of the business services provider’s stock worth $2,247,000 after buying an additional 10,447 shares during the last quarter. Barclays PLC increased its holdings in shares of Deluxe by 73.2% during the third quarter. Barclays PLC now owns 148,447 shares of the business services provider’s stock worth $2,893,000 after buying an additional 62,715 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Deluxe by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,028,079 shares of the business services provider’s stock valued at $20,041,000 after acquiring an additional 17,583 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Deluxe by 57.2% in the 3rd 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. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Deluxe Stock Up 1.2 %

NYSE:DLX opened at $16.03 on Tuesday. The company has a market cap of $716.59 million, a price-to-earnings ratio of 13.58, a P/E/G ratio of 0.52 and a beta of 1.46. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.98. The stock’s fifty day moving average price is $19.45 and its two-hundred day moving average price is $20.52. Deluxe Co. has a 52-week low of $15.13 and a 52-week high of $24.87.

Deluxe (NYSE:DLX) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.05). Deluxe had a net margin of 2.49% and a return on equity of 21.33%. On average, analysts anticipate that Deluxe Co. will post 2.77 EPS for the current year.

Deluxe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date was Tuesday, February 18th. Deluxe’s dividend payout ratio (DPR) is 101.69%.

Insider Activity at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy bought 3,926 shares of the company’s stock in a transaction on Monday, March 10th. The stock was bought at an average price of $16.45 per share, for a total transaction of $64,582.70. Following the transaction, the chief executive officer now owns 272,851 shares of the company’s stock, valued at approximately $4,488,398.95. The trade was a 1.46 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DLX has been the subject of several research analyst reports. Sidoti upgraded Deluxe to a “hold” rating in a research report on Thursday, January 30th. StockNews.com cut Deluxe from a “strong-buy” rating to a “buy” rating in a report on Saturday.

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.