GuruFocus - On September 10, 2024, Barry McCarthy, President & CEO of Deluxe Corp (NYSE:DLX), purchased 2,820 shares of the company, according to the SEC Filing. This transaction increased the insider's holdings to 178,670 shares.
Deluxe Corp, a company specializing in checks, forms, marketing services, web development, and hosting, has seen a consistent pattern of insider purchases over the past year, with six insider buys and zero sells. This recent acquisition by the insider is part of a broader trend where Barry McCarthy has bought a total of 7,926 shares over the past year.
On the date of the latest purchase, Deluxe Corp shares were priced at $19.08 each. The company's market cap stood at approximately $859.908 million. Deluxe Corp's price-earnings ratio is currently 22.62, which is above both the industry median of 16.92 and the company's historical median.
The stock's valuation according to GF Value is $19.25, placing the price-to-GF-Value ratio at 0.99, indicating that the stock is Fairly Valued.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This insider buying activity could be a signal to investors about the insiders confidence in the future prospects of Deluxe Corp.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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