Deluxe Co. (NYSE:DLX) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Deluxe Co. (NYSE:DLX) by 32.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,026 shares of the business services provider’s stock after purchasing an additional 1,985 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Deluxe were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLX. Allspring Global Investments Holdings LLC grew its position in shares of Deluxe by 893.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,503 shares of the business services provider’s stock worth $47,000 after acquiring an additional 2,251 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in Deluxe by 159.3% during the fourth quarter. Armstrong Advisory Group Inc. now owns 3,106 shares of the business services provider’s stock valued at $67,000 after buying an additional 1,908 shares in the last quarter. EMC Capital Management grew its stake in shares of Deluxe by 63.2% in the 3rd quarter. EMC Capital Management now owns 4,895 shares of the business services provider’s stock worth $92,000 after purchasing an additional 1,895 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Deluxe in the fourth quarter worth approximately $215,000. Finally, Graham Capital Management L.P. purchased a new position in Deluxe in the 3rd quarter worth about $249,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Deluxe

In related news, CEO Barry C. Mccarthy acquired 2,666 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of $19.25 per share, with a total value of $51,320.50. Following the purchase, the chief executive officer now owns 173,410 shares of the company’s stock, valued at $3,338,142.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.23% of the stock is currently owned by company insiders.

Deluxe Trading Up 1.0 %

Deluxe stock opened at $22.18 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.97 and a debt-to-equity ratio of 2.53. Deluxe Co. has a 12 month low of $14.32 and a 12 month high of $22.65. The company’s fifty day simple moving average is $19.88 and its 200-day simple moving average is $19.53. The stock has a market cap of $972.59 million, a P/E ratio of 28.81, a P/E/G ratio of 0.65 and a beta of 1.48.

Deluxe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a $0.30 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a yield of 5.41%. Deluxe’s dividend payout ratio is currently 155.85%.

Analyst Ratings Changes

Separately, Northcoast Research began coverage on shares of Deluxe in a research report on Friday, April 19th. They set a “buy” rating and a $27.00 price objective on the stock.

About Deluxe

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.