Deluxe (NYSE:DLX) Shares Cross Above 200-Day Moving Average – Here’s Why

Deluxe Co. (NYSE:DLX)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $21.31 and traded as high as $23.22. Deluxe shares last traded at $23.06, with a volume of 268,777 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Deluxe from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 12th.

Deluxe Stock Performance

The company’s fifty day moving average price is $22.79 and its two-hundred day moving average price is $21.31. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market capitalization of $1.02 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 0.62 and a beta of 1.52.

Deluxe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 19th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.20 annualized dividend and a yield of 5.20%. Deluxe’s payout ratio is 96.77%.

Insider Activity at Deluxe

In other news, CEO Barry C. Mccarthy acquired 2,290 shares of the stock in a transaction on Thursday, December 5th. The stock was bought at an average price of $23.57 per share, with a total value of $53,975.30. Following the completion of the transaction, the chief executive officer now directly owns 180,960 shares of the company’s stock, valued at $4,265,227.20. The trade was a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.23% of the stock is currently owned by insiders.

Institutional Trading of Deluxe

Several large investors have recently bought and sold shares of DLX. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Deluxe in the second quarter valued at approximately $26,000. Truvestments Capital LLC acquired a new stake in Deluxe in the third quarter valued at approximately $32,000. Ariadne Wealth Management LP acquired a new stake in shares of Deluxe during the second quarter worth approximately $35,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Deluxe during the third quarter worth approximately $36,000. Finally, FMR LLC grew its position in shares of Deluxe by 57.2% during the third quarter. FMR LLC now owns 3,206 shares of the business services provider’s stock worth $62,000 after buying an additional 1,166 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

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.