State Street Corp Buys 18,133 Shares of Deluxe Co. (NYSE:DLX)

State Street Corp boosted its holdings in shares of Deluxe Co. (NYSE:DLX) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,695,132 shares of the business services provider’s stock after acquiring an additional 18,133 shares during the period. State Street Corp owned 3.83% of Deluxe worth $33,038,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Deluxe by 2.8% during the second 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 in the last quarter. Bank of New York Mellon Corp raised its position in Deluxe by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 813,712 shares of the business services provider’s stock worth $18,276,000 after acquiring an additional 27,111 shares during the period. Innealta Capital LLC purchased a new position in shares of Deluxe during the 2nd quarter worth $30,000. Rhumbline Advisers grew its position in shares of Deluxe by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 142,458 shares of the business services provider’s stock valued at $3,200,000 after acquiring an additional 1,413 shares during the period. Finally, LSV Asset Management increased its stake in shares of Deluxe by 1.0% in the 2nd quarter. LSV Asset Management now owns 2,112,423 shares of the business services provider’s stock worth $47,445,000 after purchasing an additional 21,752 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Insider Activity

In related news, CEO Barry C. Mccarthy purchased 2,290 shares of the firm’s stock in a transaction that occurred 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 represents a 1.28 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

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

Deluxe Stock Down 0.7 %

NYSE DLX opened at $22.24 on Friday. The stock has a market cap of $984.61 million, a PE ratio of 17.94, a P/E/G ratio of 0.67 and a beta of 1.52. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 2.38. Deluxe Co. has a 12 month low of $18.48 and a 12 month high of $24.87. The stock’s 50 day moving average is $21.83 and its 200 day moving average is $21.22.

Deluxe Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.40%. Deluxe’s payout ratio is 96.77%.

Deluxe 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.