Deluxe Co. (NYSE:DLX) insider Keith A. Bush bought 2,020 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were acquired at an average price of $49.60 per share, for a total transaction of $100,192.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of NYSE:DLX traded down $0.16 during trading on Friday, hitting $49.28. 401,581 shares of the stock were exchanged, compared to its average volume of 529,274. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 9.04 and a beta of 1.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.25 and a quick ratio of 1.12. Deluxe Co. has a 12-month low of $43.72 and a 12-month high of $78.87.
Deluxe (NYSE:DLX) last announced its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.08. The business had revenue of $493.20 million for the quarter. Deluxe had a return on equity of 26.00% and a net margin of 9.00%. On average, equities analysts anticipate that Deluxe Co. will post 5.63 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. Voya Investment Management LLC boosted its stake in shares of Deluxe by 17.9% during the 2nd quarter. Voya Investment Management LLC now owns 91,608 shares of the business services provider’s stock worth $6,065,000 after acquiring an additional 13,886 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Deluxe during the 2nd quarter worth approximately $1,119,000. Lingohr & Partner Asset Management GmbH purchased a new stake in Deluxe in the 2nd quarter valued at approximately $1,395,000. Fort L.P. lifted its stake in Deluxe by 3.3% in the 2nd quarter. Fort L.P. now owns 163,438 shares of the business services provider’s stock valued at $10,821,000 after buying an additional 5,290 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Deluxe in the 2nd quarter valued at approximately $855,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.
DLX has been the topic of several recent analyst reports. Buckingham Research initiated coverage on Deluxe in a research report on Friday, October 12th. They set a “neutral” rating and a $56.00 target price on the stock. TheStreet cut Deluxe from a “b-” rating to a “c+” rating in a research report on Tuesday, August 21st.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by WKRB News and is the property of of WKRB News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.wkrb13.com/2018/11/10/insider-buying-deluxe-co-dlx-insider-buys-2020-shares-of-stock.html.
Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.
Read More: Tariff
Receive News & Ratings for Deluxe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe and related companies with MarketBeat.com's FREE daily email newsletter.