Deluxe Co. (NYSE:DLX - Get Free Report) CEO Barry C. Mccarthy purchased 2,290 shares of the stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of $23.57 per share, for a total transaction of $53,975.30. Following the completion of the acquisition, the chief executive officer now owns 180,960 shares in the company, valued at approximately $4,265,227.20. This trade represents a 1.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Deluxe Price Performance
DLX stock opened at $23.29 on Friday. The company has a fifty day moving average price of $21.01 and a 200-day moving average price of $21.19. The company has a market capitalization of $1.03 billion, a P/E ratio of 18.78, a PEG ratio of 0.67 and a beta of 1.52. Deluxe Co. has a 52-week low of $18.26 and a 52-week high of $24.87. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.83 and a current ratio of 0.92.
Deluxe Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date was Tuesday, November 19th. Deluxe's payout ratio is 96.77%.
Institutional Investors Weigh In On Deluxe
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Large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Deluxe during the second quarter valued at about $26,000. Innealta Capital LLC bought a new stake in Deluxe in the second quarter worth about $30,000. Truvestments Capital LLC bought a new stake in Deluxe in the third quarter worth about $32,000. Ariadne Wealth Management LP bought a new stake in Deluxe in the second quarter worth about $35,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Deluxe in the third quarter valued at approximately $36,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Deluxe from a "strong-buy" rating to a "buy" rating in a research report on Thursday, November 21st.
Check Out Our Latest Analysis on DLX
Deluxe Company Profile
(
Get Free Report)
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.
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