Quadrature Capital Ltd Purchases Shares of 10,263 Deluxe Co. (NYSE:DLX)

Quadrature Capital Ltd acquired a new position in shares of Deluxe Co. (NYSE:DLX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,263 shares of the business services provider’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Armstrong Advisory Group Inc. increased its holdings in Deluxe by 159.3% in the 4th quarter. Armstrong Advisory Group Inc. now owns 3,106 shares of the business services provider’s stock valued at $67,000 after buying an additional 1,908 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Deluxe by 32.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,026 shares of the business services provider’s stock worth $172,000 after purchasing an additional 1,985 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Deluxe during the fourth quarter worth about $215,000. Versor Investments LP acquired a new stake in Deluxe during the fourth quarter valued at approximately $245,000. Finally, Graham Capital Management L.P. bought a new stake in shares of Deluxe in the 3rd quarter valued at approximately $249,000. 93.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. TD Cowen raised their target price on Deluxe from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. StockNews.com downgraded shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 13th. Finally, Northcoast Research started coverage on shares of Deluxe in a report on Friday, April 19th. They set a “buy” rating and a $27.00 price target for the company.

Deluxe Trading Up 0.7 %

DLX stock opened at $21.85 on Thursday. The business has a fifty day moving average price of $21.82 and a 200 day moving average price of $20.60. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.97 and a quick ratio of 0.88. Deluxe Co. has a fifty-two week low of $15.93 and a fifty-two week high of $24.00. The stock has a market capitalization of $962.49 million, a price-to-earnings ratio of 28.38, a P/E/G ratio of 0.62 and a beta of 1.48.

Deluxe (NYSE:DLX) last announced its earnings results on Wednesday, May 1st. The business services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. The company had revenue of $535.00 million during the quarter, compared to analyst estimates of $527.45 million. Deluxe had a return on equity of 21.33% and a net margin of 1.57%. Analysts expect that Deluxe Co. will post 2.92 EPS for the current fiscal year.

Deluxe Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 5.49%. Deluxe’s dividend payout ratio (DPR) is currently 155.85%.

Insider Activity at Deluxe

In other news, CEO Barry C. Mccarthy acquired 2,440 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of $21.63 per share, for a total transaction of $52,777.20. Following the transaction, the chief executive officer now owns 175,850 shares of the company’s stock, valued at $3,803,635.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders purchased a total of 2,675 shares of company stock valued at $58,063 over the last quarter. Corporate insiders own 4.23% of the company’s stock.

About Deluxe

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.