Deluxe (NYSE:DLX) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Deluxe (NYSE:DLX) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other research firms have also issued reports on DLX. Zacks Research lowered Deluxe from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Weiss Ratings upgraded Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Deluxe Price Performance

Shares of DLX opened at $26.57 on Friday. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.63 and a beta of 1.33. The stock has a 50 day moving average of $28.22 and a 200-day moving average of $24.52. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 1.98. Deluxe has a 52 week low of $13.61 and a 52 week high of $32.07.

Deluxe (NYSE:DLX) last issued its earnings results on Wednesday, May 6th. The business services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.91 by $0.14. The company had revenue of $538.10 million during the quarter, compared to analyst estimates of $534.97 million. Deluxe had a return on equity of 24.11% and a net margin of 5.01%.The business’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. As a group, analysts forecast that Deluxe will post 3.54 EPS for the current year.

Deluxe Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, May 19th. Deluxe’s dividend payout ratio is presently 63.83%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Denali Advisors LLC acquired a new position in Deluxe in the 3rd quarter worth about $769,000. SG Americas Securities LLC acquired a new position in Deluxe in the 3rd quarter worth about $512,000. Allianz Asset Management GmbH increased its position in Deluxe by 140.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 88,266 shares of the business services provider’s stock worth $1,709,000 after purchasing an additional 51,524 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Deluxe during the 3rd quarter worth about $891,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Deluxe during the 3rd quarter worth about $845,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Deluxe Company Profile

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.