Could be A "Sharp Shooters" Badge was Delivered (delvd) for target 1917. It doesn't make a lot of sense if it was a Sharp Shooters Badge.
From Army terms. You generally get it when you qualify shortly afterwards. An order would have to be generated first and then awarded to the man afterwards. Definately the order would be put in his records and probably would include all the recipients in his company who had received them and other medals that fell under a different category (Sharpshooter, Marksman, etc.). Thjey would have it included in a Army Special Order or General Order; I might be mistaken on the terms of the order.
Is there an Order No. at the top of the paper?