Deluxe (NYSE:DLX) Shares Gap Down – Time to Sell?

Shares of Deluxe Co. (NYSE:DLX) gapped down prior to trading on Tuesday . The stock had previously closed at $23.41, but opened at $22.69. Deluxe shares last traded at $22.80, with a volume of 17,699 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 13th.

Deluxe Stock Down 1.7 %

The business’s 50 day moving average price is $19.85 and its 200 day moving average price is $21.10. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 0.66 and a beta of 1.46.

Deluxe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.22%. Deluxe’s payout ratio is currently 96.77%.

Insider Transactions at Deluxe

In related news, CEO Barry C. Mccarthy acquired 2,820 shares of Deluxe stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of $19.08 per share, for a total transaction of $53,805.60. Following the acquisition, the chief executive officer now owns 178,670 shares in the company, valued at approximately $3,409,023.60. This represents a 1.60 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.23% of the company’s stock.

Institutional Trading of Deluxe

A number of institutional investors and hedge funds have recently bought and sold shares of DLX. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Deluxe during the second quarter worth $26,000. Innealta Capital LLC acquired a new position in Deluxe in the 2nd quarter valued at $30,000. Truvestments Capital LLC purchased a new position in Deluxe during the third quarter worth about $32,000. Ariadne Wealth Management LP acquired a new stake in shares of Deluxe in the 2nd quarter valued at approximately $35,000. Finally, CWM LLC boosted its position in shares of Deluxe by 555.6% during the 2nd quarter. CWM LLC now owns 1,757 shares of the business services provider’s stock worth $39,000 after purchasing an additional 1,489 shares in the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

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.