Arjuna Capital bought a new stake in Deluxe Co. (NYSE:DLX - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 76,469 shares of the business services provider's stock, valued at approximately $1,490,000. Arjuna Capital owned 0.17% of Deluxe at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Deluxe during the 2nd quarter worth about $26,000. Innealta Capital LLC purchased a new stake in Deluxe during the 2nd quarter worth about $30,000. Ariadne Wealth Management LP purchased a new stake in Deluxe during the 2nd quarter worth about $35,000. CWM LLC lifted 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 worth $39,000 after buying an additional 1,489 shares during the last quarter. Finally, Security National Bank purchased a new stake in Deluxe during the 2nd quarter worth about $40,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Deluxe stock traded up $0.24 on Wednesday, hitting $23.94. The stock had a trading volume of 13,946 shares, compared to its average volume of 228,839. Deluxe Co. has a 52-week low of $17.60 and a 52-week high of $24.87. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 2.38. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 0.72 and a beta of 1.46. The company's 50 day moving average price is $19.61 and its 200 day moving average price is $21.02.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Tuesday, November 19th. Deluxe's payout ratio is currently 96.77%.
In related news, CEO Barry C. Mccarthy purchased 2,820 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of $19.08 per share, for a total transaction of $53,805.60. Following the transaction, 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 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.23% of the company's stock.
Separately, StockNews.com downgraded Deluxe from a "strong-buy" rating to a "buy" rating in a report on Tuesday, August 6th.
Read Our Latest Report on DLX
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.
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