Prudential Financial Inc. lessened its holdings in Deluxe Co. (NYSE:DLX) by 29.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 231,403 shares of the business services provider’s stock after selling 95,130 shares during the quarter. Prudential Financial Inc. owned 0.50% of Deluxe worth $13,176,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new stake in shares of Deluxe during the 2nd quarter worth approximately $101,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Deluxe during the 3rd quarter worth approximately $114,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Deluxe during the 2nd quarter worth approximately $132,000. Hartford Investment Management Co. purchased a new stake in shares of Deluxe during the 2nd quarter worth approximately $218,000. Finally, Hikari Power Ltd purchased a new stake in shares of Deluxe during the 2nd quarter worth approximately $228,000. 90.67% of the stock is currently owned by institutional investors.
Shares of NYSE:DLX opened at $50.35 on Friday. The company has a market cap of $2.33 billion, a PE ratio of 9.07 and a beta of 1.00. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.25. Deluxe Co. has a 12 month low of $43.72 and a 12 month high of $78.87.
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 2.38%. The ex-dividend date of this dividend is Friday, November 16th. Deluxe’s dividend payout ratio (DPR) is 22.77%.
In related news, insider Keith A. Bush acquired 2,020 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was purchased at an average cost 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. Also, SVP Jeffrey Louis Cotter acquired 2,035 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were bought at an average price of $49.20 per share, with a total value of $100,122.00. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.
Several equities research analysts have recently commented on the company. TheStreet lowered Deluxe from a “b-” rating to a “c+” rating in a research note on Tuesday, August 21st. Buckingham Research assumed coverage on Deluxe in a research note on Friday, October 12th. They set a “neutral” rating and a $56.00 price target on the stock.
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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