Versor Investments LP Sells 60,620 Shares of Deluxe Corporation $DLX

Versor Investments LP cut its holdings in shares of Deluxe Corporation (NYSE:DLX) by 84.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,781 shares of the business services provider’s stock after selling 60,620 shares during the period. Versor Investments LP’s holdings in Deluxe were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. LSV Asset Management grew its holdings in Deluxe by 3.3% during the 2nd quarter. LSV Asset Management now owns 1,910,025 shares of the business services provider’s stock worth $30,388,000 after acquiring an additional 61,286 shares during the period. Geode Capital Management LLC grew its stake in shares of Deluxe by 1.4% during the second quarter. Geode Capital Management LLC now owns 1,061,173 shares of the business services provider’s stock worth $16,885,000 after purchasing an additional 14,160 shares during the period. Prudential Financial Inc. increased its holdings in Deluxe by 18.3% in the second quarter. Prudential Financial Inc. now owns 736,679 shares of the business services provider’s stock valued at $11,721,000 after purchasing an additional 113,886 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in Deluxe by 49.9% in the second quarter. Bridgeway Capital Management LLC now owns 634,447 shares of the business services provider’s stock valued at $10,094,000 after purchasing an additional 211,109 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Deluxe by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 620,107 shares of the business services provider’s stock valued at $9,866,000 after buying an additional 9,804 shares during the period. 93.90% of the stock is owned by institutional investors.

Deluxe Trading Up 1.2%

DLX opened at $26.19 on Friday. The firm’s fifty day simple moving average is $23.97 and its 200 day simple moving average is $20.84. The stock has a market capitalization of $1.18 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.62 and a beta of 1.41. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 2.04. Deluxe Corporation has a 12 month low of $13.61 and a 12 month high of $28.60.

Deluxe Announces Dividend

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

Analysts Set New Price Targets

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