Deluxe Co. (NYSE:DLX) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC grew its holdings in Deluxe Co. (NYSE:DLX - Free Report) by 142.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,224 shares of the business services provider's stock after acquiring an additional 21,275 shares during the period. Voya Investment Management LLC owned about 0.08% of Deluxe worth $818,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC lifted its position in Deluxe by 7.6% during the 4th quarter. Hsbc Holdings PLC now owns 31,208 shares of the business services provider's stock worth $707,000 after acquiring an additional 2,207 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Deluxe during the fourth quarter worth $392,000. MetLife Investment Management LLC lifted its position in shares of Deluxe by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 26,624 shares of the business services provider's stock worth $601,000 after purchasing an additional 1,505 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 valued at $53,351,000 after purchasing an additional 177,534 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in Deluxe by 3.1% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 62,829 shares of the business services provider's stock worth $1,418,000 after buying an additional 1,911 shares during the period. Hedge funds and other institutional investors own 93.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DLX. StockNews.com cut shares of Deluxe from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 26th. 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. Finally, Sidoti upgraded Deluxe to a "hold" rating in a report on Thursday, January 30th.

Deluxe Stock Up 0.6%

Shares of Deluxe stock traded up $0.10 during trading on Tuesday, reaching $16.30. The company had a trading volume of 44,517 shares, compared to its average volume of 289,933. 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 fifty-two week low of $13.70 and a fifty-two week high of $24.87. The firm's fifty day moving average is $15.38 and its 200-day moving average is $19.31. The company has a market cap of $729.26 million, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 0.52 and a beta of 1.49.

Deluxe (NYSE:DLX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating 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 firm 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 firm posted $0.76 earnings per share. Deluxe's revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts anticipate that Deluxe Co. will post 2.77 EPS for the current year.

Deluxe Announces Dividend

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 given a $0.30 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.36%. Deluxe's payout ratio is currently 96.00%.

Insider Transactions at Deluxe

In related news, CEO Barry C. Mccarthy purchased 3,926 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $16.45 per share, with a total value of $64,582.70. Following the acquisition, the chief executive officer now owns 272,851 shares in the company, valued at approximately $4,488,398.95. This trade represents a 1.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.