Deluxe (NYSE:DLX) Sets New 12-Month High – Here’s What Happened

Deluxe Corporation (NYSE:DLX)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.98 and last traded at $30.76, with a volume of 21915 shares. The stock had previously closed at $30.56.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Zacks Research cut shares of Deluxe from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Deluxe currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Deluxe Price Performance

The stock has a market cap of $1.39 billion, a P/E ratio of 16.39, a PEG ratio of 0.72 and a beta of 1.33. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 0.98. The business’s fifty day moving average price is $27.56 and its 200 day moving average price is $23.67.

Deluxe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Monday, February 9th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, February 9th. Deluxe’s dividend payout ratio (DPR) is 63.83%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its holdings in Deluxe by 0.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 86,657 shares of the business services provider’s stock valued at $1,678,000 after buying an additional 488 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Deluxe by 33.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider’s stock valued at $49,000 after buying an additional 552 shares during the last quarter. Kendall Capital Management raised its holdings in Deluxe by 2.8% in the 3rd quarter. Kendall Capital Management now owns 28,886 shares of the business services provider’s stock valued at $559,000 after buying an additional 790 shares during the last quarter. Ipsen Advisor Group LLC raised its holdings in Deluxe by 3.5% in the 4th quarter. Ipsen Advisor Group LLC now owns 30,716 shares of the business services provider’s stock valued at $686,000 after buying an additional 1,033 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Deluxe by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,260 shares of the business services provider’s stock valued at $415,000 after buying an additional 1,072 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

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.