Nisa Investment Advisors LLC Sells 4,176 Shares of Deluxe Co. (NYSE:DLX)

Nisa Investment Advisors LLC lessened its position in shares of Deluxe Co. (NYSE:DLX) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,409 shares of the business services provider’s stock after selling 4,176 shares during the period. Nisa Investment Advisors LLC owned about 0.08% of Deluxe worth $822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC raised its holdings in Deluxe by 249.9% during the second quarter. Millennium Management LLC now owns 169,473 shares of the business services provider’s stock worth $3,806,000 after acquiring an additional 121,042 shares in the last quarter. Arjuna Capital bought a new stake in shares of Deluxe during the 3rd quarter worth approximately $1,490,000. Intech Investment Management LLC acquired a new stake in shares of Deluxe in the 3rd quarter valued at approximately $1,303,000. Barclays PLC grew its stake in shares of Deluxe by 73.2% in the third quarter. Barclays PLC now owns 148,447 shares of the business services provider’s stock valued at $2,893,000 after buying an additional 62,715 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Deluxe by 91.2% in the third quarter. JPMorgan Chase & Co. now owns 130,273 shares of the business services provider’s stock valued at $2,539,000 after buying an additional 62,148 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insider Transactions at Deluxe

In other news, CEO Barry C. Mccarthy bought 2,290 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $23.57 per share, with a total value of $53,975.30. Following the completion of the acquisition, the chief executive officer now owns 180,960 shares of the company’s stock, valued at $4,265,227.20. This represents a 1.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 4.23% of the stock is currently owned by corporate insiders.

Deluxe Stock Performance

Shares of NYSE DLX opened at $23.06 on Wednesday. Deluxe Co. has a 12 month low of $18.48 and a 12 month high of $24.87. The stock has a 50 day moving average of $22.79 and a 200-day moving average of $21.31. 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 company has a market capitalization of $1.02 billion, a P/E ratio of 18.59, a P/E/G ratio of 0.62 and a beta of 1.52.

Deluxe Dividend Announcement

The business 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 annualized dividend and a dividend yield of 5.20%. The ex-dividend date was Tuesday, November 19th. Deluxe’s payout ratio is presently 96.77%.

Wall Street Analysts Forecast Growth

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 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.