LSV Asset Management Buys 30,608 Shares of Deluxe Corporation (NYSE:DLX)

LSV Asset Management raised its holdings in shares of Deluxe Corporation (NYSE:DLX - Free Report) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,848,739 shares of the business services provider's stock after acquiring an additional 30,608 shares during the period. LSV Asset Management owned about 4.13% of Deluxe worth $29,229,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DLX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Deluxe by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,188 shares of the business services provider's stock worth $569,000 after buying an additional 835 shares during the last quarter. Ipsen Advisor Group LLC boosted its position in shares of Deluxe by 6.0% during the first quarter. Ipsen Advisor Group LLC now owns 25,024 shares of the business services provider's stock valued at $396,000 after purchasing an additional 1,420 shares in the last quarter. Guggenheim Capital LLC raised its holdings in Deluxe by 7.7% in the fourth quarter. Guggenheim Capital LLC now owns 20,279 shares of the business services provider's stock worth $458,000 after purchasing an additional 1,452 shares in the last quarter. Focus Partners Wealth lifted its position in Deluxe by 12.0% during the fourth quarter. Focus Partners Wealth now owns 13,631 shares of the business services provider's stock valued at $308,000 after buying an additional 1,465 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Deluxe by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 26,624 shares of the business services provider's stock valued at $601,000 after buying an additional 1,505 shares in the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Deluxe Stock Down 1.8%

Shares of NYSE DLX traded down $0.30 during midday trading on Wednesday, hitting $15.94. The stock had a trading volume of 514,259 shares, compared to its average volume of 375,597. The company has a market cap of $713.25 million, a P/E ratio of 12.75, a PEG ratio of 0.46 and a beta of 1.49. Deluxe Corporation has a 52 week low of $13.61 and a 52 week high of $24.45. 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 business's 50 day moving average is $15.79 and its 200-day moving average is $16.45.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DLX shares. Wall Street Zen raised shares of Deluxe from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 30th. TD Securities lowered their price objective on Deluxe from $33.00 to $23.00 and set a "buy" rating for the company 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.