Segall Bryant & Hamill LLC Makes New $891,000 Investment in Deluxe Corporation $DLX

Segall Bryant & Hamill LLC acquired a new stake in Deluxe Corporation (NYSE:DLX) in the third quarter, HoldingsChannel.com reports. The firm acquired 46,015 shares of the business services provider’s stock, valued at approximately $891,000.

Several other large investors have also recently added to or reduced their stakes in DLX. AQR Capital Management LLC grew its holdings in Deluxe by 99.7% in the second quarter. AQR Capital Management LLC now owns 543,359 shares of the business services provider’s stock valued at $8,645,000 after purchasing an additional 271,225 shares during the period. Bridgeway Capital Management LLC boosted its holdings in shares of Deluxe by 49.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 634,447 shares of the business services provider’s stock valued at $10,094,000 after purchasing an additional 211,109 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Deluxe by 18.3% in the 2nd quarter. Prudential Financial Inc. now owns 736,679 shares of the business services provider’s stock valued at $11,721,000 after purchasing an additional 113,886 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Deluxe by 25.6% during the 1st quarter. Royal Bank of Canada now owns 505,810 shares of the business services provider’s stock valued at $7,996,000 after buying an additional 102,948 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Deluxe by 39.8% during the 2nd quarter. Bank of America Corp DE now owns 322,171 shares of the business services provider’s stock worth $5,126,000 after buying an additional 91,673 shares during the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DLX has been the subject of a number of research reports. Weiss Ratings raised Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. CJS Securities raised Deluxe to a “hold” rating in a research note on Thursday, December 11th. Wall Street Zen upgraded Deluxe from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Zacks Research raised shares of Deluxe from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One investment 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, the stock currently has a consensus rating of “Buy” and an average target price of $23.00.

Deluxe Price Performance

Shares of NYSE:DLX opened at $27.61 on Friday. The firm’s 50 day moving average is $25.51 and its two-hundred day moving average is $21.82. The firm has a market capitalization of $1.24 billion, a P/E ratio of 14.69, a PEG ratio of 0.66 and a beta of 1.37. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 2.08. Deluxe Corporation has a 52 week low of $13.61 and a 52 week high of $28.60.

Deluxe Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Monday, February 9th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.20 annualized dividend and a yield of 4.3%. Deluxe’s dividend payout ratio is currently 63.83%.

Deluxe Company 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.