45,003 Shares in Deluxe Co. (NYSE:DLX) Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC bought a new stake in Deluxe Co. (NYSE:DLX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,003 shares of the business services provider's stock, valued at approximately $1,017,000. Wedge Capital Management L L P NC owned approximately 0.10% of Deluxe as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in Deluxe by 91.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 130,273 shares of the business services provider's stock worth $2,539,000 after buying an additional 62,148 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Deluxe during the third quarter valued at $36,000. Geode Capital Management LLC boosted its holdings in Deluxe by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,028,079 shares of the business services provider's stock valued at $20,041,000 after acquiring an additional 17,583 shares during the last quarter. Barclays PLC boosted its holdings 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 acquiring an additional 62,715 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Deluxe by 10.0% in the third quarter. Jane Street Group LLC now owns 115,280 shares of the business services provider's stock worth $2,247,000 after purchasing an additional 10,447 shares during the period. 93.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Barry C. Mccarthy bought 2,290 shares of the company's stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $23.57 per share, for a total transaction of $53,975.30. Following the acquisition, the chief executive officer now owns 180,960 shares of the company's stock, valued at approximately $4,265,227.20. This represents a 1.28 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.23% of the company's stock.

Deluxe Trading Up 1.5 %

NYSE DLX traded up $0.33 on Tuesday, reaching $22.84. The company had a trading volume of 116,553 shares, compared to its average volume of 196,362. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 2.38. Deluxe Co. has a 52 week low of $18.48 and a 52 week high of $24.87. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 0.62 and a beta of 1.52. The stock's 50 day moving average is $22.90 and its 200-day moving average is $21.28.

Deluxe Announces Dividend

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

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.