Kiker Wealth Management LLC Invests $1.71 Million in Deluxe Corporation $DLX

Key Points

• Kiker Wealth Management LLC has invested approximately $1.71 million in Deluxe Corporation by acquiring 107,268 shares, marking it as their 19th largest position.
• Deluxe has announced a quarterly dividend of $0.30, which yields 6.6% on an annualized basis, with a current payout ratio of 93.02%.
• Analysts have given Deluxe a consensus rating of "Moderate Buy" with a target price of $23.00, although some ratings have fluctuated between "buy" and "hold."

Kiker Wealth Management LLC purchased a new position in shares of Deluxe Corporation (NYSE:DLX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 107,268 shares of the business services provider's stock, valued at approximately $1,707,000. Deluxe comprises about 1.0% of Kiker Wealth Management LLC's portfolio, making the stock its 19th largest position. Kiker Wealth Management LLC owned 0.24% of Deluxe as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Strs Ohio bought a new position in shares of Deluxe during the first quarter worth about $30,000. GAMMA Investing LLC lifted its holdings in Deluxe by 1,067.0% in the first quarter. GAMMA Investing LLC now owns 2,229 shares of the business services provider's stock worth $35,000 after purchasing an additional 2,038 shares during the period. Security National Bank lifted its holdings in Deluxe by 97.8% in the first quarter. Security National Bank now owns 3,567 shares of the business services provider's stock worth $56,000 after purchasing an additional 1,764 shares during the period. Quarry LP lifted its holdings in Deluxe by 105.8% in the first quarter. Quarry LP now owns 3,685 shares of the business services provider's stock worth $58,000 after purchasing an additional 1,894 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Deluxe by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,874 shares of the business services provider's stock worth $124,000 after purchasing an additional 790 shares during the period. Institutional investors own 93.90% of the company's stock.

Deluxe Price Performance

Shares of NYSE DLX opened at $18.22 on Tuesday. Deluxe Corporation has a twelve month low of $13.61 and a twelve month high of $24.45. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $817.71 million, a price-to-earnings ratio of 14.12, a PEG ratio of 0.49 and a beta of 1.51. The firm has a 50-day moving average of $19.21 and a two-hundred day moving average of $16.74.

Deluxe (NYSE:DLX - Get Free Report) last issued its quarterly earnings results on Wednesday, March 23rd. The business services provider reported $1.38 earnings per share for the quarter. Deluxe had a net margin of 2.75% and a return on equity of 21.12%. The company had revenue of $454.49 million during the quarter. As a group, analysts expect that Deluxe Corporation will post 2.77 earnings per share for the current fiscal year.

Deluxe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Monday, August 18th. Deluxe's dividend payout ratio is presently 93.02%.

Analysts Set New Price Targets

DLX has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Deluxe from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Cowen reaffirmed a "buy" rating on shares of Deluxe in a report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Deluxe in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.