Alberta Investment Management Corp Has $749,000 Position in Deluxe Co. (NYSE:DLX)

Alberta Investment Management Corp lifted its holdings in Deluxe Co. (NYSE:DLXFree Report) by 37.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,900 shares of the business services provider’s stock after purchasing an additional 9,500 shares during the period. Alberta Investment Management Corp owned 0.08% of Deluxe worth $749,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of DLX. Allspring Global Investments Holdings LLC boosted its holdings in Deluxe by 893.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,503 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 2,251 shares in the last quarter. Armstrong Advisory Group Inc. raised its stake in Deluxe by 159.3% during the fourth quarter. Armstrong Advisory Group Inc. now owns 3,106 shares of the business services provider’s stock worth $67,000 after acquiring an additional 1,908 shares in the last quarter. EMC Capital Management lifted its holdings in shares of Deluxe by 63.2% during the third quarter. EMC Capital Management now owns 4,895 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 1,895 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Deluxe by 32.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,026 shares of the business services provider’s stock valued at $172,000 after acquiring an additional 1,985 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Deluxe in the 4th quarter valued at $215,000. Institutional investors own 93.90% of the company’s stock.

Deluxe Price Performance

Deluxe stock opened at $23.10 on Tuesday. The firm has a market cap of $1.02 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 0.68 and a beta of 1.48. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.97 and a quick ratio of 0.88. The stock’s fifty day moving average price is $21.05 and its two-hundred day moving average price is $20.16. Deluxe Co. has a one year low of $15.79 and a one year high of $24.00.

Deluxe (NYSE:DLXGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.60 by $0.07. The business had revenue of $535.00 million during the quarter, compared to the consensus estimate of $527.45 million. Deluxe had a net margin of 1.57% and a return on equity of 21.33%. As a group, research analysts expect that Deluxe Co. will post 2.78 EPS for the current fiscal year.

Deluxe Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 5.19%. Deluxe’s payout ratio is 155.85%.

Analyst Upgrades and Downgrades

DLX has been the subject of a number of research analyst reports. TD Cowen lifted their price target on Deluxe from $33.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Northcoast Research assumed coverage on shares of Deluxe in a research report on Friday, April 19th. They set a “buy” rating and a $27.00 price objective for the company.

View Our Latest Analysis on Deluxe

Insider Transactions at Deluxe

In other news, CEO Barry C. Mccarthy bought 2,666 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $19.25 per share, with a total value of $51,320.50. Following the completion of the purchase, the chief executive officer now directly owns 173,410 shares of the company’s stock, valued at $3,338,142.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.23% of the stock is owned by corporate insiders.

About Deluxe

(Free Report)

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.

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Institutional Ownership by Quarter for Deluxe (NYSE:DLX)

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