Insider Buying: Deluxe Co. (DLX) Insider Buys 2,020 Shares of Stock

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.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 19th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, November 16th. Deluxe’s dividend payout ratio (DPR) is 22.77%.

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.

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About Deluxe

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.

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Insider Buying and Selling by Quarter for Deluxe (NYSE:DLX)

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