Intech Investment Management LLC Buys Shares of 66,847 Deluxe Co. (NYSE:DLX)

Intech Investment Management LLC purchased a new position in Deluxe Co. (NYSE:DLX) during the third quarter, HoldingsChannel.com reports. The fund purchased 66,847 shares of the business services provider’s stock, valued at approximately $1,303,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Deluxe during the second quarter valued at $26,000. Innealta Capital LLC purchased a new position in shares of Deluxe in the 2nd quarter worth about $30,000. Ariadne Wealth Management LP bought a new position in Deluxe in the 2nd quarter worth about $35,000. CWM LLC increased its stake in Deluxe by 555.6% during the 2nd quarter. CWM LLC now owns 1,757 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Security National Bank purchased a new position in Deluxe in the second quarter worth about $40,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Deluxe from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 21st.

Insider Activity

In other news, CEO Barry C. Mccarthy acquired 2,820 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $19.08 per share, with a total value of $53,805.60. Following the completion of the acquisition, the chief executive officer now directly owns 178,670 shares of the company’s stock, valued at approximately $3,409,023.60. The trade was a 1.60 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.23% of the stock is owned by corporate insiders.

Deluxe Trading Up 0.8 %

Deluxe stock opened at $23.61 on Wednesday. Deluxe Co. has a one year low of $17.60 and a one year high of $24.87. The business’s fifty day moving average is $20.30 and its 200 day moving average is $21.14. The stock has a market capitalization of $1.05 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.08%. Deluxe’s dividend payout ratio is presently 96.77%.

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.