ExodusPoint Capital Management LP Boosts Holdings in Deluxe Co. (NYSE:DLX)

ExodusPoint Capital Management LP lifted its stake in shares of Deluxe Co. (NYSE:DLX) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,863 shares of the business services provider’s stock after purchasing an additional 15,827 shares during the period. ExodusPoint Capital Management LP owned about 0.18% of Deluxe worth $1,849,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in Deluxe by 93.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the business services provider’s stock worth $25,000 after buying an additional 534 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Deluxe in the 3rd quarter valued at $36,000. FMR LLC lifted its holdings in Deluxe by 57.2% in the 3rd quarter. FMR LLC now owns 3,206 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,166 shares in the last quarter. KBC Group NV boosted its stake in Deluxe by 63.5% during the 4th quarter. KBC Group NV now owns 3,237 shares of the business services provider’s stock worth $73,000 after purchasing an additional 1,257 shares during the last quarter. Finally, EMC Capital Management grew its holdings in shares of Deluxe by 231.9% during the fourth quarter. EMC Capital Management now owns 5,417 shares of the business services provider’s stock worth $122,000 after buying an additional 3,785 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insider Buying and Selling

In related news, CEO Barry C. Mccarthy purchased 3,926 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 272,851 shares in the company, valued at approximately $4,488,398.95. The trade was a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 5.60% of the company’s stock.

Deluxe Trading Down 4.8 %

Shares of DLX opened at $14.15 on Wednesday. Deluxe Co. has a 12-month low of $14.01 and a 12-month high of $24.87. The firm has a market capitalization of $632.79 million, a P/E ratio of 11.99, a P/E/G ratio of 0.52 and a beta of 1.41. The firm has a 50-day moving average price of $17.18 and a 200 day moving average price of $20.04. 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 (NYSE:DLX) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). Deluxe had a return on equity of 21.33% and a net margin of 2.49%. Sell-side analysts forecast that Deluxe Co. will post 2.77 EPS for the current year.

Deluxe Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date was Tuesday, February 18th. Deluxe’s dividend payout ratio is presently 101.69%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 26th. Sidoti upgraded Deluxe to a “hold” rating in a research report on Thursday, January 30th.

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.