Versor Investments LP Sells 60,620 Shares of Deluxe Corporation $DLX

Versor Investments LP trimmed its stake in Deluxe Corporation (NYSE:DLX) by 84.9% in the third quarter, Holdings Channel reports. The firm owned 10,781 shares of the business services provider’s stock after selling 60,620 shares during the quarter. Versor Investments LP’s holdings in Deluxe were worth $209,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in shares of Deluxe by 99.7% during the 2nd quarter. AQR Capital Management LLC now owns 543,359 shares of the business services provider’s stock worth $8,645,000 after purchasing an additional 271,225 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in Deluxe by 49.9% during the second quarter. Bridgeway Capital Management LLC now owns 634,447 shares of the business services provider’s stock worth $10,094,000 after buying an additional 211,109 shares during the last quarter. Prudential Financial Inc. raised its position in Deluxe by 18.3% during the second quarter. Prudential Financial Inc. now owns 736,679 shares of the business services provider’s stock worth $11,721,000 after acquiring an additional 113,886 shares in the last quarter. Royal Bank of Canada lifted its stake in Deluxe by 25.6% in the first quarter. Royal Bank of Canada now owns 505,810 shares of the business services provider’s stock valued at $7,996,000 after acquiring an additional 102,948 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Deluxe in the 2nd quarter valued at about $1,577,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Deluxe Stock Performance

NYSE:DLX opened at $26.19 on Friday. The stock has a 50 day simple moving average of $23.97 and a 200 day simple moving average of $20.84. The stock has a market cap of $1.18 billion, a P/E ratio of 13.93, a PEG ratio of 0.62 and a beta of 1.41. Deluxe Corporation has a 1-year low of $13.61 and a 1-year high of $28.60. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 2.04.

Deluxe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Stockholders of record on Monday, February 9th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.6%. Deluxe’s dividend payout ratio (DPR) is currently 63.83%.

Analysts Set New Price Targets

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

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.