Deluxe Co. (NYSE:DLX) SVP Jeffrey Louis Cotter purchased 2,035 shares of the stock in a transaction on Wednesday, November 7th. The shares were acquired at an average price of $49.20 per share, for a total transaction of $100,122.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

DLX stock traded down $0.16 during mid-day trading on Friday, reaching $49.28. 401,581 shares of the company’s stock were exchanged, compared to its average volume of 529,274. The company has a market capitalization of $2.32 billion, a P/E ratio of 9.04 and a beta of 1.00. The company has a current ratio of 1.25, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Deluxe Co. has a 12-month low of $43.72 and a 12-month high of $78.87.

Deluxe (NYSE:DLX) last issued its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. The company 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, research analysts predict that Deluxe Co. will post 5.63 earnings per share for the current fiscal year.

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

A number of brokerages have issued reports on DLX. TheStreet downgraded Deluxe from a “b-” rating to a “c+” rating in a research report on Tuesday, August 21st. Buckingham Research lowered their price target on Deluxe from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank lifted its position in shares of Deluxe by 12.9% in the second quarter. Amalgamated Bank now owns 7,793 shares of the business services provider’s stock valued at $516,000 after acquiring an additional 892 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Deluxe by 50.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,778 shares of the business services provider’s stock valued at $206,000 after acquiring an additional 931 shares in the last quarter. Smith Asset Management Group LP lifted its position in shares of Deluxe by 4.3% in the second quarter. Smith Asset Management Group LP now owns 24,853 shares of the business services provider’s stock valued at $1,646,000 after acquiring an additional 1,030 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Deluxe by 4.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 23,050 shares of the business services provider’s stock valued at $1,526,000 after acquiring an additional 1,043 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of Deluxe by 0.9% in the third quarter. American International Group Inc. now owns 127,634 shares of the business services provider’s stock valued at $7,267,000 after acquiring an additional 1,111 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

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Deluxe Company Profile

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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