Deluxe (NYSE:DLX) Shares Pass Above 200-Day Moving Average – Time to Sell?

Deluxe Co. (NYSE:DLX) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.29 and traded as high as $21.77. Deluxe shares last traded at $21.27, with a volume of 243,051 shares changing hands.

Analyst Upgrades and Downgrades

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

Deluxe Stock Down 3.3 %

The business’s 50 day moving average is $22.75 and its 200-day moving average is $21.29. The stock has a market cap of $941.67 million, a price-to-earnings ratio of 17.15, a PEG ratio of 0.67 and a beta of 1.52. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th were issued a $0.30 dividend. 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 5.64%. Deluxe’s payout ratio is currently 96.77%.

Insider Buying and Selling at Deluxe

In other news, CEO Barry C. Mccarthy acquired 2,290 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $23.57 per share, for a total transaction of $53,975.30. Following the acquisition, the chief executive officer now owns 180,960 shares of the company’s stock, valued at approximately $4,265,227.20. This trade represents a 1.28 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 4.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Deluxe in the 2nd quarter valued at about $26,000. Truvestments Capital LLC purchased a new stake in Deluxe in the 3rd quarter valued at about $32,000. Ariadne Wealth Management LP purchased a new stake in Deluxe in the 2nd quarter valued at about $35,000. Wilmington Savings Fund Society FSB purchased a new stake in Deluxe in the 3rd quarter valued at about $36,000. Finally, Federated Hermes Inc. raised its holdings in Deluxe by 55.9% in the 2nd quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider’s stock valued at $51,000 after buying an additional 811 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.

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.