Deluxe Co. (NYSE:DLX) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its holdings in shares of Deluxe Co. (NYSE:DLX) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,400 shares of the business services provider’s stock after selling 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Deluxe were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Deluxe during the 2nd quarter valued at about $26,000. Innealta Capital LLC purchased a new position in Deluxe during the 2nd quarter valued at about $30,000. Ariadne Wealth Management LP purchased a new position in Deluxe during the 2nd quarter valued at about $35,000. CWM LLC increased its holdings 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 acquiring an additional 1,489 shares in the last quarter. Finally, Security National Bank purchased a new position in Deluxe during the 2nd quarter valued at about $40,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Deluxe Stock Performance

Shares of NYSE DLX opened at $20.70 on Thursday. The company has a market cap of $915.15 million, a PE ratio of 24.07, a price-to-earnings-growth ratio of 0.56 and a beta of 1.46. Deluxe Co. has a 12 month low of $17.49 and a 12 month high of $24.87. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.97 and a quick ratio of 0.87. The company has a 50-day simple moving average of $19.36 and a 200-day simple moving average of $20.93.

Insider Transactions at Deluxe

In other news, CEO Barry C. Mccarthy purchased 2,820 shares of the stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $19.08 per share, for a total transaction of $53,805.60. Following the completion of the acquisition, the chief executive officer now directly owns 178,670 shares in the company, valued at $3,409,023.60. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Deluxe from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 6th.

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.