Deluxe (NYSE:DLX) Share Price Passes Above 200-Day Moving Average – Here’s Why

Deluxe Co. (NYSE:DLX)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.28 and traded as high as $22.71. Deluxe shares last traded at $22.51, with a volume of 152,448 shares changing hands.

Analysts Set New Price Targets

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

Deluxe Stock Performance

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 capitalization of $996.43 million, a price-to-earnings ratio of 18.15, a P/E/G ratio of 0.59 and a beta of 1.52. The firm has a 50-day moving average of $22.90 and a 200-day moving average of $21.28.

Deluxe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 19th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 19th. This represents a $1.20 annualized dividend and a dividend yield of 5.33%. Deluxe’s dividend payout ratio (DPR) is presently 96.77%.

Insiders Place Their Bets

In other news, CEO Barry C. Mccarthy acquired 2,290 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average cost 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 in the company, valued at approximately $4,265,227.20. This represents a 1.28 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On Deluxe

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Round Hill Asset Management raised its holdings in shares of Deluxe by 1.0% during the 3rd quarter. Round Hill Asset Management now owns 50,058 shares of the business services provider’s stock worth $976,000 after acquiring an additional 485 shares during the period. Federated Hermes Inc. grew its stake in shares of Deluxe by 55.9% in the second 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 in the last quarter. FMR LLC raised its holdings in shares of Deluxe by 57.2% in the 3rd quarter. FMR LLC now owns 3,206 shares of the business services provider’s stock valued at $62,000 after buying an additional 1,166 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Deluxe during the 2nd quarter worth about $26,000. Finally, Bank of Montreal Can boosted its holdings in Deluxe by 8.7% during the 2nd quarter. Bank of Montreal Can now owns 16,231 shares of the business services provider’s stock valued at $365,000 after acquiring an additional 1,299 shares during the period. Institutional investors and hedge funds 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.