Shares of Deluxe Co. (NYSE:DLX) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Analysts have set a 12-month consensus target price of $40.00 for the company, according to Zacks. Zacks has also assigned Deluxe an industry rank of 36 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Deluxe from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Wednesday, July 31st.
NYSE:DLX traded up $0.65 during trading hours on Friday, hitting $49.57. The stock had a trading volume of 315,865 shares, compared to its average volume of 349,486. The company has a market cap of $2.10 billion, a PE ratio of 8.71 and a beta of 1.35. The business has a 50 day simple moving average of $44.79 and a two-hundred day simple moving average of $43.02. Deluxe has a 1-year low of $36.11 and a 1-year high of $57.69. The company has a current ratio of 1.27, a quick ratio of 1.14 and a debt-to-equity ratio of 1.10.
Deluxe (NYSE:DLX) last posted its earnings results on Thursday, July 25th. The business services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.08). The firm had revenue of $494.00 million for the quarter, compared to analyst estimates of $495.90 million. Deluxe had a return on equity of 28.94% and a net margin of 5.28%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 earnings per share. Research analysts expect that Deluxe will post 6.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 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 2.42%. The ex-dividend date of this dividend was Friday, August 16th. Deluxe’s payout ratio is 21.09%.
Large investors have recently added to or reduced their stakes in the stock. Alpha Omega Wealth Management LLC grew its stake in Deluxe by 129.5% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 771 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 435 shares in the last quarter. Kavar Capital Partners LLC purchased a new position in shares of Deluxe during the 2nd quarter valued at approximately $41,000. Truvestments Capital LLC acquired a new stake in shares of Deluxe during the second quarter worth approximately $59,000. Point72 Asset Management L.P. acquired a new stake in shares of Deluxe during the second quarter worth approximately $65,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Deluxe in the second quarter worth $70,000. Institutional investors and hedge funds own 89.68% of the company’s stock.
Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.
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