Jackson Creek Investment Advisors LLC Takes Position in Deluxe Co. (NYSE:DLX)

Jackson Creek Investment Advisors LLC acquired a new position in shares of Deluxe Co. (NYSE:DLX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 68,523 shares of the business services provider's stock, valued at approximately $1,548,000. Jackson Creek Investment Advisors LLC owned approximately 0.15% of Deluxe as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLX. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Deluxe by 16.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 186,766 shares of the business services provider's stock valued at $3,640,000 after buying an additional 26,473 shares during the period. Arjuna Capital purchased a new position in Deluxe in the third quarter worth approximately $1,490,000. Jane Street Group LLC increased its stake in Deluxe by 10.0% during the third quarter. Jane Street Group LLC now owns 115,280 shares of the business services provider's stock worth $2,247,000 after acquiring an additional 10,447 shares during the last quarter. Barclays PLC increased its stake in Deluxe by 73.2% during the third quarter. Barclays PLC now owns 148,447 shares of the business services provider's stock worth $2,893,000 after acquiring an additional 62,715 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Deluxe by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,028,079 shares of the business services provider's stock valued at $20,041,000 after purchasing an additional 17,583 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

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Insider Activity at Deluxe

In other news, CEO Barry C. Mccarthy bought 3,926 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $16.45 per share, for a total transaction of $64,582.70. Following the completion of the purchase, the chief executive officer now owns 272,851 shares of the company's stock, valued at approximately $4,488,398.95. This represents a 1.46 % increase in their ownership of the stock. 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 Down 2.5 %

Deluxe stock traded down $0.41 during midday trading on Tuesday, reaching $15.85. 486,759 shares of the stock traded hands, compared to its average volume of 254,741. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36. The firm has a market cap of $704.10 million, a PE ratio of 13.43, a price-to-earnings-growth ratio of 0.52 and a beta of 1.46. The company has a 50-day simple moving average of $20.13 and a two-hundred day simple moving average of $20.68. Deluxe Co. has a 12-month low of $15.13 and a 12-month high of $24.87.

Deluxe (NYSE:DLX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.05). Deluxe had a net margin of 2.49% and a return on equity of 21.33%. Research analysts expect that Deluxe Co. will post 2.77 earnings per share for the current fiscal year.

Deluxe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.57%. The ex-dividend date was Tuesday, February 18th. Deluxe's payout ratio is currently 101.69%.

Wall Street Analysts Forecast Growth

DLX has been the subject of a number of recent analyst reports. StockNews.com raised Deluxe from a "buy" rating to a "strong-buy" rating in a research report on Friday. Sidoti upgraded shares of Deluxe to a "hold" rating in a research report on Thursday, January 30th.

Deluxe Profile

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.