Deluxe Corporation $DLX Shares Sold by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. trimmed its position in shares of Deluxe Corporation (NYSE:DLX) by 52.4% during the first quarter, Holdings Channel reports. The firm owned 100,000 shares of the business services provider’s stock after selling 110,000 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Deluxe were worth $2,754,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. UMB Bank n.a. increased its position in shares of Deluxe by 3,597.9% in the fourth quarter. UMB Bank n.a. now owns 1,738 shares of the business services provider’s stock valued at $39,000 after buying an additional 1,691 shares in the last quarter. Strs Ohio purchased a new stake in shares of Deluxe in the 1st quarter worth about $30,000. Raymond James Financial Inc. acquired a new stake in Deluxe in the 2nd quarter valued at about $31,000. TD Waterhouse Canada Inc. acquired a new stake in Deluxe in the 4th quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Deluxe by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 552 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Weiss Ratings cut shares of Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Wall Street Zen raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Finally, Zacks Research downgraded Deluxe from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Deluxe Stock Up 0.7%

DLX opened at $26.02 on Thursday. The firm has a market cap of $1.19 billion, a P/E ratio of 11.12, a PEG ratio of 0.65 and a beta of 1.24. The business’s fifty day simple moving average is $23.94 and its 200 day simple moving average is $25.85. Deluxe Corporation has a 52 week low of $15.41 and a 52 week high of $32.07. The company has a quick ratio of 1.05, a current ratio of 1.15 and a debt-to-equity ratio of 1.98.

Deluxe (NYSE:DLX) last announced its earnings results on Wednesday, May 6th. The business services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.14. The firm had revenue of $538.10 million during the quarter, compared to the consensus estimate of $534.97 million. Deluxe had a net margin of 5.01% and a return on equity of 24.11%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. As a group, equities research analysts anticipate that Deluxe Corporation will post 3.3 EPS for the current fiscal year.

Deluxe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Deluxe’s payout ratio is currently 51.28%.

About Deluxe

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.