Segall Bryant & Hamill LLC Takes $891,000 Position in Deluxe Corporation $DLX

Segall Bryant & Hamill LLC purchased a new stake in Deluxe Corporation (NYSE:DLX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 46,015 shares of the business services provider’s stock, valued at approximately $891,000. Segall Bryant & Hamill LLC owned 0.10% of Deluxe as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Strs Ohio purchased a new position in Deluxe in the first quarter worth approximately $30,000. Raymond James Financial Inc. acquired a new stake in shares of Deluxe in the 2nd quarter valued at $31,000. Hillsdale Investment Management Inc. lifted its position in shares of Deluxe by 227.8% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 2,950 shares of the business services provider’s stock worth $57,000 after purchasing an additional 2,050 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Deluxe by 110.6% during the third quarter. Federated Hermes Inc. now owns 3,089 shares of the business services provider’s stock worth $60,000 after purchasing an additional 1,622 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Deluxe by 476.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the business services provider’s stock valued at $130,000 after buying an additional 6,735 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Deluxe Trading Down 1.7%

Shares of Deluxe stock opened at $27.61 on Friday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 0.66 and a beta of 1.37. Deluxe Corporation has a 52-week low of $13.61 and a 52-week high of $28.60. The company’s 50-day simple moving average is $25.51 and its 200-day simple moving average is $21.82. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 2.08.

Deluxe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Monday, February 9th were given a $0.30 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. Deluxe’s dividend payout ratio is currently 63.83%.

Analysts Set New Price Targets

Several analysts have recently weighed in on DLX shares. CJS Securities upgraded shares of Deluxe to a “hold” rating in a research report on Thursday, December 11th. Weiss Ratings raised shares of Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Zacks Research upgraded shares of Deluxe from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Wall Street Zen raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $23.00.

Deluxe 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.