Deluxe Co. (NYSE:DLX) CEO Buys $53,805.60 in Stock

Deluxe Co. (NYSE:DLX) CEO Barry C. Mccarthy acquired 2,820 shares of the stock in a transaction dated Tuesday, September 10th. The stock was bought at an average cost of $19.08 per share, with a total value of $53,805.60. Following the completion of the purchase, the chief executive officer now owns 178,670 shares of the company’s stock, valued at $3,409,023.60. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Deluxe Trading Up 3.6 %

Shares of DLX stock opened at $19.84 on Friday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.87 and a current ratio of 0.97. The company has a market capitalization of $877.13 million, a price-to-earnings ratio of 25.77, a PEG ratio of 0.56 and a beta of 1.47. Deluxe Co. has a 52-week low of $16.00 and a 52-week high of $24.87. The company has a 50-day simple moving average of $21.07 and a two-hundred day simple moving average of $21.01.

Deluxe (NYSE:DLX) last released its earnings results on Wednesday, July 31st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.29. The company had revenue of $537.80 million during the quarter, compared to analyst estimates of $537.90 million. Deluxe had a return on equity of 20.90% and a net margin of 1.78%. Deluxe’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. Research analysts anticipate that Deluxe Co. will post 2.8 EPS for the current fiscal year.

Deluxe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date of this dividend was Monday, August 19th. Deluxe’s payout ratio is 155.85%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Deluxe from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 6th.

Hedge Funds Weigh In On Deluxe

Several institutional investors have recently added to or reduced their stakes in DLX. Point72 Asia Singapore Pte. Ltd. purchased a new position in Deluxe in the second quarter valued at about $26,000. Innealta Capital LLC purchased a new position in Deluxe in the second quarter valued at approximately $30,000. Ariadne Wealth Management LP bought a new position in Deluxe during the second quarter valued at $35,000. CWM LLC raised its stake in shares of Deluxe by 555.6% in the second quarter. CWM LLC now owns 1,757 shares of the business services provider’s stock valued at $39,000 after buying an additional 1,489 shares during the period. Finally, Security National Bank purchased a new position in shares of Deluxe during the 2nd quarter valued at $40,000. Institutional investors own 93.90% of the company’s stock.

About Deluxe

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.