Deluxe (NYSE:DLX) Upgraded by Sidoti to Hold Rating

Deluxe (NYSE:DLX) was upgraded by analysts at Sidoti to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

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

Deluxe Stock Performance

Shares of DLX opened at $23.20 on Thursday. The firm has a market capitalization of $1.03 billion, a P/E ratio of 18.71, a PEG ratio of 0.63 and a beta of 1.52. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.92 and a quick ratio of 0.83. Deluxe has a one year low of $18.48 and a one year high of $24.87. The business has a fifty day moving average of $22.81 and a 200 day moving average of $21.34.

Insider Transactions at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,290 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of $23.57 per share, for a total transaction of $53,975.30. Following the purchase, the chief executive officer now owns 180,960 shares of the company’s stock, valued at approximately $4,265,227.20. This represents a 1.28 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.23% of the company’s stock.

Hedge Funds Weigh In On Deluxe

A number of hedge funds have recently made changes to their positions in DLX. Millennium Management LLC boosted its holdings in shares of Deluxe by 249.9% during the 2nd quarter. Millennium Management LLC now owns 169,473 shares of the business services provider’s stock valued at $3,806,000 after purchasing an additional 121,042 shares during the last quarter. Arjuna Capital bought a new position in Deluxe during the third quarter valued at approximately $1,490,000. Sanctuary Advisors LLC purchased a new position in Deluxe during the 4th quarter valued at approximately $1,770,000. Intech Investment Management LLC bought a new stake in Deluxe in the 3rd quarter worth approximately $1,303,000. Finally, Barclays PLC raised its holdings in shares of Deluxe by 73.2% during the 3rd quarter. Barclays PLC now owns 148,447 shares of the business services provider’s stock worth $2,893,000 after acquiring an additional 62,715 shares in the last quarter. Institutional investors 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.