Deluxe (NYSE:DLX) Upgraded at StockNews.com

Deluxe (NYSE:DLX) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

Deluxe Stock Down 3.2 %

NYSE:DLX opened at $23.34 on Wednesday. Deluxe has a 1-year low of $17.60 and a 1-year high of $24.87. The company has a market capitalization of $1.03 billion, a PE ratio of 18.82, a P/E/G ratio of 0.67 and a beta of 1.46. The firm’s 50-day moving average price is $19.77 and its 200-day moving average price is $21.06. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.92 and a quick ratio of 0.83.

Insider Buying and Selling at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy bought 2,820 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average price of $19.08 per share, with a total value of $53,805.60. Following the transaction, the chief executive officer now owns 178,670 shares in the company, valued at $3,409,023.60. This represents a 1.60 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 4.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Round Hill Asset Management increased its position in Deluxe by 1.0% during the third quarter. Round Hill Asset Management now owns 50,058 shares of the business services provider’s stock valued at $976,000 after acquiring an additional 485 shares during the last quarter. EMC Capital Management lifted its holdings in shares of Deluxe by 10.7% in the 1st quarter. EMC Capital Management now owns 5,417 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 522 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Deluxe by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 38,246 shares of the business services provider’s stock worth $787,000 after purchasing an additional 552 shares during the period. Louisiana State Employees Retirement System boosted its stake in Deluxe by 2.8% during the second quarter. Louisiana State Employees Retirement System now owns 22,200 shares of the business services provider’s stock worth $499,000 after buying an additional 600 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of Deluxe by 55.9% during the 2nd quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider’s stock worth $51,000 after purchasing an additional 811 shares during the period. Institutional investors own 93.90% of the company’s stock.

About Deluxe

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.