Deluxe Corporation $DLX Stock Position Decreased by LSV Asset Management

LSV Asset Management trimmed its position in shares of Deluxe Corporation (NYSE:DLX) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,817,859 shares of the business services provider’s stock after selling 92,166 shares during the quarter. LSV Asset Management owned approximately 4.05% of Deluxe worth $35,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in Deluxe by 0.6% during the third quarter. Advisors Asset Management Inc. now owns 86,657 shares of the business services provider’s stock valued at $1,678,000 after acquiring an additional 488 shares in the last quarter. Ipsen Advisor Group LLC increased its stake in shares of Deluxe by 13.2% during the 3rd quarter. Ipsen Advisor Group LLC now owns 29,683 shares of the business services provider’s stock worth $575,000 after purchasing an additional 3,462 shares during the last quarter. Optimize Financial Inc acquired a new position in shares of Deluxe during the 3rd quarter worth $314,000. Savant Capital LLC raised its holdings in shares of Deluxe by 62.0% during the 3rd quarter. Savant Capital LLC now owns 22,703 shares of the business services provider’s stock valued at $440,000 after purchasing an additional 8,689 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Deluxe by 140.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 88,266 shares of the business services provider’s stock valued at $1,709,000 after purchasing an additional 51,524 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Deluxe Trading Up 1.2%

Deluxe stock opened at $26.19 on Friday. Deluxe Corporation has a 52 week low of $13.61 and a 52 week high of $28.60. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.91 and a current ratio of 1.00. The firm has a market capitalization of $1.18 billion, a PE ratio of 13.93, a PEG ratio of 0.61 and a beta of 1.41. The business’s 50-day simple moving average is $23.97 and its 200-day simple moving average is $20.81.

Deluxe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Monday, February 9th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, February 9th. Deluxe’s dividend payout ratio (DPR) is currently 63.83%.

Analysts Set New Price Targets

DLX has been the topic of several analyst reports. CJS Securities raised shares of Deluxe to a “hold” rating in a research report on Thursday, December 11th. Weiss Ratings raised Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Wall Street Zen raised Deluxe from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Zacks Research raised Deluxe from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $23.00.

Deluxe Company Profile

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.