JPMorgan Chase & Co. Buys 62,148 Shares of Deluxe Co. (NYSE:DLX)

JPMorgan Chase & Co. lifted its position in Deluxe Co. (NYSE:DLX) by 91.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,273 shares of the business services provider’s stock after buying 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 filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Deluxe in the 2nd quarter worth $26,000. Truvestments Capital LLC acquired a new position in shares of Deluxe during the 3rd quarter worth about $32,000. Ariadne Wealth Management LP bought a new stake in Deluxe during the 2nd quarter valued at approximately $35,000. Wilmington Savings Fund Society FSB acquired a new stake in Deluxe in the 3rd quarter valued at approximately $36,000. Finally, Federated Hermes Inc. increased its position in Deluxe by 55.9% in the 2nd quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider’s stock worth $51,000 after buying an additional 811 shares during the period. 93.90% of the stock is owned by institutional investors.

Deluxe Stock Up 0.7 %

NYSE DLX opened at $22.51 on Tuesday. Deluxe Co. has a twelve month low of $18.48 and a twelve month high of $24.87. The stock has a market cap of $996.43 million, a PE ratio of 18.15, a PEG ratio of 0.59 and a beta of 1.52. The firm has a 50-day simple moving average of $22.90 and a 200 day simple moving average of $21.28. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.83 and a current ratio of 0.92.

Deluxe Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend was Tuesday, November 19th. Deluxe’s dividend payout ratio is presently 96.77%.

Insider Buying and Selling at Deluxe

In related news, CEO Barry C. Mccarthy acquired 2,290 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost of $23.57 per share, for a total transaction of $53,975.30. Following the completion of the purchase, the chief executive officer now directly owns 180,960 shares of the company’s stock, valued at $4,265,227.20. The trade was a 1.28 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

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

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.