Mork Capital Management LLC Makes New $1.01 Million Investment in Deluxe Co. (NYSE:DLX)

Mork Capital Management LLC acquired a new position in shares of Deluxe Co. (NYSE:DLX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 44,600 shares of the business services provider's stock, valued at approximately $1,008,000. Mork Capital Management LLC owned about 0.10% of Deluxe as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Deluxe by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,188 shares of the business services provider's stock worth $569,000 after acquiring an additional 835 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Deluxe by 33.7% in the fourth quarter. Lazard Asset Management LLC now owns 130,962 shares of the business services provider's stock worth $2,956,000 after purchasing an additional 32,996 shares during the last quarter. Graham Capital Management L.P. bought a new stake in Deluxe in the fourth quarter worth $427,000. Focus Partners Wealth lifted its stake in Deluxe by 12.0% in the fourth quarter. Focus Partners Wealth now owns 13,631 shares of the business services provider's stock worth $308,000 after purchasing an additional 1,465 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Deluxe by 53.3% in the fourth quarter. Deutsche Bank AG now owns 38,701 shares of the business services provider's stock worth $874,000 after purchasing an additional 13,448 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DLX shares. TD Securities lowered their price target on shares of Deluxe from $33.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. StockNews.com downgraded shares of Deluxe from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 26th. Finally, Sidoti raised shares of Deluxe to a "hold" rating in a research note on Thursday, January 30th.

Deluxe Trading Down 0.2%

Shares of DLX stock traded down $0.04 during mid-day trading on Friday, reaching $15.96. The stock had a trading volume of 404,305 shares, compared to its average volume of 291,244. The stock's 50-day moving average price is $15.37 and its two-hundred day moving average price is $19.22. Deluxe Co. has a 52-week low of $13.70 and a 52-week high of $24.87. The firm has a market capitalization of $714.05 million, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.52 and a beta of 1.49. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36.

Deluxe (NYSE:DLX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.03. Deluxe had a net margin of 2.49% and a return on equity of 21.33%. The firm had revenue of $536.50 million for the quarter, compared to analysts' expectations of $525.43 million. During the same quarter in the previous year, the company earned $0.76 earnings per share. The company's revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts expect that Deluxe Co. will post 2.77 earnings per share for the current fiscal year.

Deluxe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.52%. The ex-dividend date is Monday, May 19th. Deluxe's dividend payout ratio is currently 96.00%.

Insider Activity at Deluxe

In related news, CEO Barry C. Mccarthy purchased 3,926 shares of Deluxe stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $16.45 per share, for a total transaction of $64,582.70. Following the completion of the transaction, the chief executive officer now directly owns 272,851 shares of the company's stock, valued at $4,488,398.95. This represents a 1.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is owned by corporate insiders.

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.