Deluxe Co. (NYSE:DLX) Stake Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Deluxe Co. (NYSE:DLX - Free Report) by 91.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,273 shares of the business services provider's stock after purchasing an additional 62,148 shares during the quarter. JPMorgan Chase & Co. owned about 0.29% of Deluxe worth $2,539,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Deluxe by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,040,327 shares of the business services provider's stock worth $45,824,000 after acquiring an additional 123,361 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Deluxe by 16.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 186,766 shares of the business services provider's stock worth $3,640,000 after purchasing an additional 26,473 shares during the period. Arjuna Capital acquired a new stake in shares of Deluxe during the 3rd quarter worth about $1,490,000. Jane Street Group LLC raised its holdings in Deluxe by 10.0% in the 3rd quarter. Jane Street Group LLC now owns 115,280 shares of the business services provider's stock valued at $2,247,000 after buying an additional 10,447 shares during the period. Finally, Barclays PLC lifted its position in Deluxe by 73.2% in the third quarter. Barclays PLC now owns 148,447 shares of the business services provider's stock valued at $2,893,000 after buying an additional 62,715 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company's stock.

Deluxe Trading Up 1.5 %

Shares of DLX stock traded up $0.33 on Tuesday, hitting $22.84. The stock had a trading volume of 176,477 shares, compared to its average volume of 204,115. The firm has a market capitalization of $1.01 billion, a P/E ratio of 18.42, a P/E/G ratio of 0.62 and a beta of 1.52. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.92 and a quick ratio of 0.83. The company's 50 day moving average price is $22.88 and its 200-day moving average price is $21.29. Deluxe Co. has a 1 year low of $18.48 and a 1 year high of $24.87.

Deluxe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 19th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.25%. The ex-dividend date was Tuesday, November 19th. Deluxe's payout ratio is currently 96.77%.

Insider Buying and Selling at Deluxe

In other news, CEO Barry C. Mccarthy bought 2,290 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of $23.57 per share, for a total transaction of $53,975.30. Following the completion of the transaction, the chief executive officer now owns 180,960 shares in the company, valued at $4,265,227.20. The trade was a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Deluxe from a "buy" rating to a "strong-buy" rating in a research note on Thursday, December 12th.

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.