Texas Permanent School Fund Acquires 758 Shares of Deluxe Co. (NYSE:DLX)

Texas Permanent School Fund boosted its holdings in shares of Deluxe Co. (NYSE:DLXGet Rating) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,964 shares of the business services provider’s stock after acquiring an additional 758 shares during the quarter. Texas Permanent School Fund owned 0.07% of Deluxe worth $671,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DLX. Russell Investments Group Ltd. grew its holdings in Deluxe by 44.4% during the 1st quarter. Russell Investments Group Ltd. now owns 656,594 shares of the business services provider’s stock worth $19,853,000 after acquiring an additional 202,008 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Deluxe by 122.8% during the 1st quarter. Victory Capital Management Inc. now owns 332,927 shares of the business services provider’s stock worth $9,016,000 after acquiring an additional 183,517 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Deluxe by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,638,914 shares of the business services provider’s stock worth $140,281,000 after purchasing an additional 73,156 shares during the period. State Street Corp lifted its position in shares of Deluxe by 3.7% in the 1st quarter. State Street Corp now owns 1,619,059 shares of the business services provider’s stock worth $48,960,000 after purchasing an additional 57,197 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Deluxe by 33.7% in the 1st quarter. Invesco Ltd. now owns 223,272 shares of the business services provider’s stock worth $6,752,000 after purchasing an additional 56,266 shares during the period. 89.54% of the stock is owned by institutional investors.

Deluxe Stock Up 0.4 %

Deluxe stock opened at $18.87 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 2.67. Deluxe Co. has a 12-month low of $15.30 and a 12-month high of $37.53. The firm’s fifty day moving average is $17.72 and its 200 day moving average is $20.84. The company has a market capitalization of $813.98 million, a PE ratio of 13.58 and a beta of 1.48.

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Monday, November 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.36%. Deluxe’s payout ratio is presently 86.33%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Deluxe in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Cowen dropped their price target on shares of Deluxe to $32.00 in a research report on Thursday, October 13th. Finally, Cowen dropped their price target on shares of Deluxe from $42.00 to $36.00 in a research report on Friday, August 5th.

Deluxe Company Profile

(Get Rating)

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, Australia, South America, and Europe. It operates through four segments: Payments, Cloud Solutions, Promotional Solutions, and Checks. The company provides treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing, and paperless treasury management solutions, as well as payment exchange, and fraud and security services; web hosting and design services, data-driven marketing solutions and hosted solutions, such as digital engagement, logo design, financial institution profitability reporting, and business incorporation services.

See Also

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Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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