Deluxe Corporation (NYSE:DLX) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Deluxe Corporation (NYSE:DLX - Free Report) by 18,350.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,240 shares of the business services provider's stock after purchasing an additional 35,049 shares during the quarter. GAMMA Investing LLC owned 0.08% of Deluxe worth $557,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Deluxe during the fourth quarter worth $2,565,000. Mackenzie Financial Corp lifted its stake in Deluxe by 99.5% during the fourth quarter. Mackenzie Financial Corp now owns 52,040 shares of the business services provider's stock worth $1,176,000 after purchasing an additional 25,961 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Deluxe by 15.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 100,719 shares of the business services provider's stock worth $2,275,000 after purchasing an additional 13,683 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Deluxe by 19.7% during the fourth quarter. Two Sigma Advisers LP now owns 15,200 shares of the business services provider's stock worth $343,000 after purchasing an additional 2,500 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in Deluxe during the fourth quarter worth $301,000. 93.90% of the stock is currently owned by institutional investors.

Deluxe Stock Performance

DLX stock traded up $0.03 during mid-day trading on Friday, reaching $14.78. The company had a trading volume of 1,183,693 shares, compared to its average volume of 305,828. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $661.03 million, a P/E ratio of 11.82, a P/E/G ratio of 0.42 and a beta of 1.51. Deluxe Corporation has a one year low of $13.61 and a one year high of $24.87. The stock's 50-day simple moving average is $14.94 and its two-hundred day simple moving average is $17.85.

Deluxe (NYSE:DLX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.03. The company had revenue of $536.50 million for the quarter, compared to analysts' expectations of $525.43 million. Deluxe had a return on equity of 21.20% and a net margin of 2.64%. The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. Research analysts anticipate that Deluxe Corporation will post 2.77 EPS for the current year.

Deluxe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date was Monday, May 19th. Deluxe's dividend payout ratio is currently 96.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Deluxe from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 30th. TD Securities cut their target price on Deluxe from $33.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st.

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.