Arjuna Capital Makes New $1.49 Million Investment in Deluxe Co. (NYSE:DLX)

Arjuna Capital bought a new position in shares of Deluxe Co. (NYSE:DLX) during the 3rd quarter, Holdings Channel.com reports. The fund bought 76,469 shares of the business services provider’s stock, valued at approximately $1,490,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Deluxe by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 5,167,850 shares of the business services provider’s stock worth $106,406,000 after purchasing an additional 171,998 shares during the period. LSV Asset Management increased its position in Deluxe by 1.0% during the 2nd quarter. LSV Asset Management now owns 2,112,423 shares of the business services provider’s stock worth $47,445,000 after purchasing an additional 21,752 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Deluxe by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,040,327 shares of the business services provider’s stock worth $45,824,000 after acquiring an additional 123,361 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of Deluxe by 3.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,907,463 shares of the business services provider’s stock worth $42,842,000 after acquiring an additional 62,525 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Deluxe by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 813,712 shares of the business services provider’s stock worth $18,276,000 after acquiring an additional 27,111 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insider Activity at Deluxe

In related 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 price of $19.08 per share, with a total value of $53,805.60. Following the purchase, the chief executive officer now owns 178,670 shares in the company, valued at $3,409,023.60. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.23% of the stock is owned by corporate insiders.

Deluxe Price Performance

Shares of NYSE:DLX traded up $0.24 during trading on Wednesday, hitting $23.94. 13,946 shares of the stock were exchanged, compared to its average volume of 228,839. The company has a fifty day moving average price of $19.61 and a two-hundred day moving average price of $21.02. The company has a market cap of $1.06 billion, a PE ratio of 19.11, a P/E/G ratio of 0.72 and a beta of 1.46. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 2.38. Deluxe Co. has a 12-month low of $17.60 and a 12-month high of $24.87.

Deluxe Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 19th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date is Tuesday, November 19th. Deluxe’s payout ratio is currently 96.77%.

Analyst Upgrades and Downgrades

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

Deluxe Company 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.