Deluxe Corporation $DLX Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of Deluxe Corporation (NYSE:DLX) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,920,702 shares of the business services provider’s stock after selling 203,083 shares during the quarter. Vanguard Group Inc. owned 10.96% of Deluxe worth $95,265,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DLX. Advisors Asset Management Inc. boosted its stake in shares of Deluxe by 0.6% in the third quarter. Advisors Asset Management Inc. now owns 86,657 shares of the business services provider’s stock valued at $1,678,000 after purchasing an additional 488 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Deluxe by 8.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,487 shares of the business services provider’s stock worth $183,000 after purchasing an additional 892 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Deluxe by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,260 shares of the business services provider’s stock valued at $415,000 after purchasing an additional 1,072 shares in the last quarter. Ipsen Advisor Group LLC grew its position in shares of Deluxe by 4.8% during the second quarter. Ipsen Advisor Group LLC now owns 26,221 shares of the business services provider’s stock worth $417,000 after buying an additional 1,197 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Deluxe by 3.0% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 47,500 shares of the business services provider’s stock worth $920,000 after buying an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DLX shares. Wall Street Zen upgraded shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. CJS Securities raised shares of Deluxe to a “hold” rating in a research report on Thursday, December 11th. Weiss Ratings raised Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Finally, Zacks Research upgraded Deluxe from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $23.00.

Deluxe Stock Performance

Shares of DLX stock opened at $28.10 on Friday. The company has a market cap of $1.27 billion, a P/E ratio of 14.95, a PEG ratio of 0.66 and a beta of 1.37. The business has a 50 day moving average of $25.41 and a two-hundred day moving average of $21.76. Deluxe Corporation has a 52 week low of $13.61 and a 52 week high of $28.60. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 2.08.

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Monday, February 9th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, February 9th. Deluxe’s dividend payout ratio (DPR) is presently 63.83%.

Deluxe Profile

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.