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

Intech Investment Management LLC bought a new position in Deluxe Co. (NYSE:DLX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 66,847 shares of the business services provider’s stock, valued at approximately $1,303,000. Intech Investment Management LLC owned about 0.15% of Deluxe as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Deluxe during the 2nd quarter valued at $26,000. Innealta Capital LLC bought a new stake in shares of Deluxe in the second quarter worth about $30,000. Ariadne Wealth Management LP purchased a new position in Deluxe during the 2nd quarter valued at about $35,000. CWM LLC raised its position 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 during the last quarter. Finally, Security National Bank purchased a new stake in Deluxe in the 2nd quarter worth approximately $40,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Deluxe Price Performance

Shares of NYSE DLX opened at $23.61 on Wednesday. Deluxe Co. has a 1 year low of $17.60 and a 1 year high of $24.87. The stock has a market capitalization of $1.05 billion, a P/E ratio of 18.86, a P/E/G ratio of 0.66 and a beta of 1.46. The company’s 50-day moving average is $20.30 and its 200 day moving average is $21.14. 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 company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend 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 (DPR) is 96.77%.

Insider Transactions at Deluxe

In other news, CEO Barry C. Mccarthy purchased 2,820 shares of Deluxe stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average cost of $19.08 per share, with a total value of $53,805.60. Following the completion of the purchase, the chief executive officer now directly owns 178,670 shares in the company, valued at approximately $3,409,023.60. This trade represents a 1.60 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.23% of the company’s stock.

Deluxe 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.