Deluxe (NYSE:DLX) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Deluxe Co. (NYSE:DLX) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.29 and traded as high as $21.77. Deluxe shares last traded at $21.27, with a volume of 243,051 shares.

Wall Street Analysts Forecast Growth

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

Deluxe Price Performance

The company has a 50-day moving average of $22.80 and a 200-day moving average of $21.28. The stock has a market capitalization of $941.67 million, a price-to-earnings ratio of 17.15, a P/E/G ratio of 0.67 and a beta of 1.52. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.83 and a current ratio of 0.92.

Deluxe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 19th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date was Tuesday, November 19th. Deluxe’s dividend payout ratio is presently 96.77%.

Insider Activity at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy purchased 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, for a total transaction of $53,975.30. Following the acquisition, the chief executive officer now directly owns 180,960 shares of the company’s stock, valued at $4,265,227.20. This represents a 1.28 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 4.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deluxe

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Deluxe in the 2nd quarter valued at approximately $26,000. Ariadne Wealth Management LP bought a new position in shares of Deluxe in the 2nd quarter worth about $35,000. Truvestments Capital LLC bought a new stake in shares of Deluxe during the 3rd quarter valued at about $32,000. Wilmington Savings Fund Society FSB acquired a new stake in Deluxe during the third quarter worth about $36,000. Finally, Federated Hermes Inc. lifted its holdings in Deluxe by 55.9% in the second quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider’s stock worth $51,000 after acquiring an additional 811 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.