Public Sector Pension Investment Board Has $1.83 Million Position in Deluxe Co. (NYSE:DLX)

Public Sector Pension Investment Board cut its stake in Deluxe Co. (NYSE:DLX) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,831 shares of the business services provider’s stock after selling 3,100 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.21% of Deluxe worth $1,829,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in Deluxe by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,040,327 shares of the business services provider’s stock valued at $45,824,000 after acquiring an additional 123,361 shares during the period. Millennium Management LLC increased its stake in shares of Deluxe by 249.9% during the second quarter. Millennium Management LLC now owns 169,473 shares of the business services provider’s stock worth $3,806,000 after purchasing an additional 121,042 shares during the period. Arjuna Capital acquired a new stake in Deluxe during the 3rd quarter worth approximately $1,490,000. Intech Investment Management LLC bought a new stake in Deluxe in the 3rd quarter valued at $1,303,000. Finally, Deprince Race & Zollo Inc. grew its holdings in Deluxe by 3.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,907,463 shares of the business services provider’s stock valued at $42,842,000 after buying an additional 62,525 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Deluxe from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 21st.

Insider Activity at Deluxe

In other news, CEO Barry C. Mccarthy acquired 2,820 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of $19.08 per share, with a total value of $53,805.60. Following the completion of the purchase, the chief executive officer now directly owns 178,670 shares of the company’s stock, valued at $3,409,023.60. The trade was a 1.60 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.23% of the stock is owned by insiders.

Deluxe Trading Down 1.5 %

Shares of NYSE:DLX opened at $23.33 on Friday. The business’s 50 day simple moving average is $20.93 and its 200 day simple moving average is $21.19. Deluxe Co. has a 1 year low of $18.26 and a 1 year high of $24.87. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.92 and a quick ratio of 0.83. The company has a market capitalization of $1.03 billion, a P/E ratio of 18.81, a P/E/G ratio of 0.66 and a beta of 1.52.

Deluxe Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 19th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend was Tuesday, November 19th. Deluxe’s payout ratio is currently 96.77%.

Deluxe Company Profile

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.