Deluxe (NYSE:DLX) Raised to Strong-Buy at StockNews.com

Deluxe (NYSE:DLX) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Thursday.

Deluxe Stock Performance

NYSE DLX opened at $23.32 on Thursday. The firm has a 50-day moving average price of $21.46 and a two-hundred day moving average price of $21.23. Deluxe has a 12-month low of $18.48 and a 12-month high of $24.87. The company has a market capitalization of $1.03 billion, a P/E ratio of 18.81, a P/E/G ratio of 0.67 and a beta of 1.52. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 2.38.

Insider Buying and Selling at Deluxe

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

Institutional Investors Weigh In On Deluxe

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Deluxe during the second quarter worth $26,000. Innealta Capital LLC acquired a new position in Deluxe in the 2nd quarter worth about $30,000. Truvestments Capital LLC bought a new position in Deluxe in the third quarter valued at about $32,000. Ariadne Wealth Management LP acquired a new stake in shares of Deluxe during the second quarter valued at about $35,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Deluxe during the third quarter worth about $36,000. 93.90% of the stock is owned by institutional investors.

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.