Deluxe (NYSE:DLX) Upgraded to Strong-Buy at StockNews.com

Deluxe (NYSE:DLX) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

Deluxe Price Performance

DLX traded up $0.43 on Wednesday, hitting $24.13. 277,999 shares of the company’s stock traded hands, compared to its average volume of 230,039. Deluxe has a one year low of $17.60 and a one year high of $24.87. The company’s 50 day simple moving average is $19.70 and its 200-day simple moving average is $21.04. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 2.38. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 0.67 and a beta of 1.46.

Insider Transactions at Deluxe

In other news, CEO Barry C. Mccarthy bought 2,820 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average cost of $19.08 per share, with a total value of $53,805.60. Following the transaction, the chief executive officer now directly owns 178,670 shares in the company, valued at approximately $3,409,023.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.23% of the company’s stock.

Hedge Funds Weigh In On Deluxe

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. grew its holdings in Deluxe by 6.6% in the first quarter. Russell Investments Group Ltd. now owns 584,592 shares of the business services provider’s stock worth $12,037,000 after purchasing an additional 36,133 shares during the last quarter. Boston Partners purchased a new position in Deluxe during the 1st quarter worth approximately $995,000. Dimensional Fund Advisors LP boosted its holdings in Deluxe by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,040,327 shares of the business services provider’s stock valued at $45,824,000 after purchasing an additional 123,361 shares during the last quarter. Vanguard Group Inc. grew its holdings in Deluxe by 3.4% during the first quarter. Vanguard Group Inc. now owns 5,167,850 shares of the business services provider’s stock worth $106,406,000 after acquiring an additional 171,998 shares during the period. Finally, Deprince Race & Zollo Inc. increased its holdings 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 valued at $42,842,000 after purchasing an additional 62,525 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors.

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.