UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in Deluxe Co. (NYSE:DLX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Deluxe Co. (NYSE:DLX) by 10.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,036 shares of the business services provider’s stock after selling 10,374 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Deluxe worth $1,696,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DLX. Round Hill Asset Management grew its position in Deluxe by 1.0% in the third 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. Louisiana State Employees Retirement System lifted its stake in shares of Deluxe by 2.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 22,200 shares of the business services provider’s stock valued at $499,000 after purchasing an additional 600 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Deluxe by 55.9% during the 2nd quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider’s stock worth $51,000 after purchasing an additional 811 shares during the period. FMR LLC increased its position in shares of Deluxe by 57.2% during the 3rd quarter. FMR LLC now owns 3,206 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,166 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Deluxe in the 2nd quarter valued at about $26,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Insider Activity at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy bought 2,290 shares of Deluxe stock in a transaction 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 directly owns 180,960 shares in the company, valued at $4,265,227.20. This represents a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.23% of the stock is currently owned by company insiders.

Deluxe Stock Up 1.1 %

NYSE:DLX opened at $23.57 on Tuesday. Deluxe Co. has a 52 week low of $18.48 and a 52 week high of $24.87. The stock’s fifty day moving average is $21.55 and its two-hundred day moving average is $21.22. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth 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.

Deluxe Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend was Tuesday, November 19th. Deluxe’s payout ratio is 96.77%.

Analyst Ratings Changes

Separately, StockNews.com raised 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.