JPMorgan Chase & Co. Has $2.54 Million Holdings in Deluxe Co. (NYSE:DLX)

JPMorgan Chase & Co. boosted its holdings in shares of Deluxe Co. (NYSE:DLX) by 91.2% in the third quarter, HoldingsChannel reports. The firm owned 130,273 shares of the business services provider’s stock after acquiring an additional 62,148 shares during the period. JPMorgan Chase & Co.’s holdings in Deluxe were worth $2,539,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DLX. Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $45,824,000 after buying an additional 123,361 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Deluxe by 3.4% in the second quarter. Deprince Race & Zollo Inc. now owns 1,907,463 shares of the business services provider’s stock worth $42,842,000 after acquiring an additional 62,525 shares during the last quarter. State Street Corp raised its stake in shares of Deluxe by 1.1% in the third quarter. State Street Corp now owns 1,695,132 shares of the business services provider’s stock worth $33,038,000 after acquiring an additional 18,133 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Deluxe by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,028,079 shares of the business services provider’s stock worth $20,041,000 after purchasing an additional 17,583 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Deluxe by 4.5% during the second quarter. AQR Capital Management LLC now owns 259,138 shares of the business services provider’s stock worth $5,820,000 after purchasing an additional 11,240 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Deluxe from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 12th.

Deluxe Price Performance

Deluxe stock opened at $22.51 on Tuesday. 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 12-month low of $18.48 and a 12-month high of $24.87. The stock has a market cap of $996.43 million, a price-to-earnings ratio of 18.15, a P/E/G ratio of 0.59 and a beta of 1.52. The business’s 50-day simple moving average is $22.90 and its 200 day simple moving average is $21.28.

Deluxe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend was Tuesday, November 19th. Deluxe’s dividend payout ratio is 96.77%.

Insider Buying and Selling at Deluxe

In related news, CEO Barry C. Mccarthy purchased 2,290 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of $23.57 per share, with a total value of $53,975.30. Following the purchase, the chief executive officer now directly owns 180,960 shares in the company, valued at $4,265,227.20. This trade represents a 1.28 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.23% of the company’s stock.

Deluxe Company 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.