Cerity Partners LLC Has $979,000 Position in Deluxe Co. (NYSE:DLX)

Cerity Partners LLC increased its position in shares of Deluxe Co. (NYSE:DLX) by 34.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,246 shares of the business services provider’s stock after buying an additional 12,992 shares during the quarter. Cerity Partners LLC owned 0.11% of Deluxe worth $979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DLX. Price T Rowe Associates Inc. MD grew its stake in shares of Deluxe by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,265 shares of the business services provider’s stock worth $871,000 after acquiring an additional 1,874 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Deluxe by 127.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 22,766 shares of the business services provider’s stock valued at $465,000 after purchasing an additional 12,766 shares in the last quarter. CWM LLC grew its position in Deluxe by 555.6% in the second 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 in the last quarter. Nisa Investment Advisors LLC increased its stake in Deluxe by 51.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 40,184 shares of the business services provider’s stock valued at $903,000 after buying an additional 13,600 shares during the last quarter. Finally, Security National Bank bought a new stake in Deluxe during the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insider Transactions at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy acquired 2,820 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was bought at an average cost of $19.08 per share, with a total value of $53,805.60. Following the completion of the transaction, the chief executive officer now directly owns 178,670 shares in the company, valued at approximately $3,409,023.60. This represents a 1.60 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.23% of the stock is owned by company insiders.

Deluxe Trading Up 1.2 %

NYSE DLX opened at $23.69 on Thursday. The company has a market cap of $1.05 billion, a PE ratio of 19.10, a PEG ratio of 0.67 and a beta of 1.52. Deluxe Co. has a 12 month low of $18.26 and a 12 month high of $24.87. The stock has a 50 day moving average of $20.85 and a 200-day moving average of $21.17. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 2.38.

Deluxe Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date was Tuesday, November 19th. Deluxe’s dividend payout ratio (DPR) is presently 96.77%.

Analyst Ratings Changes

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

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.