Deluxe Co. (NYSE:DLX) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Deluxe Co. (NYSE:DLX) by 10.6% in the third quarter, Holdings Channel reports. The institutional investor owned 87,036 shares of the business services provider’s stock after selling 10,374 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Deluxe were worth $1,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Deluxe by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,040,327 shares of the business services provider’s stock worth $45,824,000 after purchasing an additional 123,361 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Deluxe by 16.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 186,766 shares of the business services provider’s stock valued at $3,640,000 after purchasing an additional 26,473 shares during the period. Arjuna Capital purchased a new position in Deluxe during the 3rd quarter worth approximately $1,490,000. Deprince Race & Zollo Inc. increased its position in Deluxe by 3.4% during the second quarter. Deprince Race & Zollo Inc. now owns 1,907,463 shares of the business services provider’s stock worth $42,842,000 after buying an additional 62,525 shares during the period. Finally, Millennium Management LLC lifted its stake in Deluxe by 249.9% in the second quarter. Millennium Management LLC now owns 169,473 shares of the business services provider’s stock valued at $3,806,000 after buying an additional 121,042 shares during the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Deluxe

In other news, CEO Barry C. Mccarthy bought 2,290 shares of Deluxe stock in a transaction dated 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 purchase, the chief executive officer now owns 180,960 shares of the company’s stock, valued at approximately $4,265,227.20. The trade was a 1.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.23% of the company’s stock.

Deluxe Price Performance

Shares of DLX opened at $23.57 on Tuesday. 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 Co. has a fifty-two week low of $18.48 and a fifty-two week high of $24.87. The firm has a 50-day simple moving average of $21.55 and a 200-day simple moving average of $21.22. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 0.67 and a beta of 1.52.

Deluxe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.20 dividend on an annualized basis and a yield of 5.09%. Deluxe’s payout ratio is 96.77%.

Analyst Upgrades and Downgrades

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

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.