Deluxe (NYSE:DLX) Upgraded by StockNews.com to Strong-Buy Rating

Deluxe (NYSE:DLX) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

Deluxe Price Performance

Deluxe stock opened at $23.32 on Thursday. The stock’s 50 day moving average is $21.46 and its 200 day moving average is $21.23. 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 firm has a market cap of $1.03 billion, a P/E ratio of 18.81, a P/E/G ratio of 0.67 and a beta of 1.52. Deluxe has a one year low of $18.48 and a one year high of $24.87.

Insider Buying and Selling at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,290 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $23.57 per share, with a total value of $53,975.30. Following the completion of the purchase, the chief executive officer now owns 180,960 shares in the company, valued at $4,265,227.20. This represents a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.23% of the company’s stock.

Hedge Funds Weigh In On Deluxe

Institutional investors have recently added to or reduced their stakes in the business. Round Hill Asset Management increased its holdings in shares of 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 in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of 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 valued at $499,000 after acquiring an additional 600 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Deluxe by 55.9% during the second quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 811 shares in the last quarter. FMR LLC increased its holdings in shares of Deluxe by 57.2% during the third quarter. FMR LLC now owns 3,206 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 1,166 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Deluxe during the second quarter valued at approximately $26,000. 93.90% of the stock is owned by institutional investors and hedge funds.

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.