Deluxe Co. (NYSE:DLX) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in shares of Deluxe Co. (NYSE:DLX - Free Report) by 99.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,040 shares of the business services provider's stock after buying an additional 25,961 shares during the quarter. Mackenzie Financial Corp owned about 0.12% of Deluxe worth $1,176,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DLX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Deluxe by 15.7% in the 4th 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 valued at $2,275,000 after acquiring an additional 13,683 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Deluxe by 19.7% in 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 period. ProShare Advisors LLC bought a new stake in Deluxe during the fourth quarter valued at $301,000. Mork Capital Management LLC acquired a new stake in shares of Deluxe during the fourth quarter worth $1,008,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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. Institutional investors own 93.90% of the company's stock.

Wall Street Analysts Forecast Growth

DLX has been the subject of a number of recent research reports. TD Securities lowered their price objective on shares of Deluxe from $33.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wall Street Zen raised Deluxe from a "buy" rating to a "strong-buy" rating in a report on Friday.

Deluxe Stock Performance

Shares of Deluxe stock traded down $0.16 during trading on Monday, hitting $14.11. 381,755 shares of the stock were exchanged, compared to its average volume of 296,995. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.98. Deluxe Co. has a 12 month low of $13.61 and a 12 month high of $24.87. The stock's fifty day moving average is $15.04 and its 200 day moving average is $18.69. The stock has a market cap of $631.28 million, a PE ratio of 11.96, a P/E/G ratio of 0.52 and a beta of 1.49.

Deluxe (NYSE:DLX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. Deluxe had a net margin of 2.49% and a return on equity of 21.33%. The firm had revenue of $536.50 million during the quarter, compared to analysts' expectations of $525.43 million. During the same quarter in the prior year, the firm earned $0.76 EPS. Deluxe's quarterly revenue was up .3% on a year-over-year basis. As a group, sell-side analysts anticipate that Deluxe Co. will post 2.77 EPS for the current year.

Deluxe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.20 annualized dividend and a dividend yield of 8.50%. Deluxe's payout ratio is 96.00%.

Insider Activity

In related news, CEO Barry C. Mccarthy acquired 3,926 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $16.45 per share, for a total transaction of $64,582.70. Following the completion of the acquisition, the chief executive officer now directly owns 272,851 shares of the company's stock, valued at approximately $4,488,398.95. The trade was a 1.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.60% of the company's stock.

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.