Graham Capital Management L.P. Makes New $427,000 Investment in Deluxe Co. (NYSE:DLX)

Graham Capital Management L.P. bought a new position in shares of Deluxe Co. (NYSE:DLX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,915 shares of the business services provider's stock, valued at approximately $427,000.

Other hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC acquired a new stake in shares of Deluxe in the fourth quarter worth $220,326,000. Dimensional Fund Advisors LP boosted its position in Deluxe by 8.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,361,658 shares of the business services provider's stock worth $53,351,000 after acquiring an additional 177,534 shares during the period. Norges Bank purchased a new position in Deluxe during the 4th quarter valued at about $3,210,000. Prudential Financial Inc. increased its holdings in shares of Deluxe by 24.7% in the 4th quarter. Prudential Financial Inc. now owns 596,977 shares of the business services provider's stock valued at $13,486,000 after purchasing an additional 118,300 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Deluxe by 34.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 408,069 shares of the business services provider's stock valued at $9,218,000 after purchasing an additional 103,989 shares during the period. 93.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DLX has been the topic of several research analyst reports. StockNews.com cut shares of Deluxe from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 26th. Sidoti upgraded Deluxe to a "hold" rating in a report on Thursday, January 30th. Finally, TD Securities cut their price objective on shares of Deluxe from $33.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st.

Deluxe Stock Performance

DLX traded down $0.21 during trading on Tuesday, hitting $14.96. The stock had a trading volume of 507,279 shares, compared to its average volume of 292,230. The firm has a market cap of $669.31 million, a PE ratio of 12.68, a P/E/G ratio of 0.52 and a beta of 1.49. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36. Deluxe Co. has a 12 month low of $13.70 and a 12 month high of $24.87. The company has a 50 day simple moving average of $15.36 and a 200-day simple moving average of $19.20.

Deluxe (NYSE:DLX - Get Free Report) last announced 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 return on equity of 21.33% and a net margin of 2.49%. The company had revenue of $536.50 million for the quarter, compared to analysts' expectations of $525.43 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The business's revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that Deluxe Co. will post 2.77 EPS for the current year.

Deluxe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date of this dividend is Monday, May 19th. Deluxe's dividend payout ratio is currently 96.00%.

Insiders Place Their Bets

In other Deluxe news, CEO Barry C. Mccarthy bought 3,926 shares of the company's stock in a transaction on Monday, March 10th. The stock was bought at an average price of $16.45 per share, for a total transaction of $64,582.70. Following the transaction, the chief executive officer now 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.60% of the company's stock.

Deluxe 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.