Deluxe (NYSE:DLX) Stock Price Down 2.8%

Deluxe Co. (NYSE:DLXGet Rating) shares traded down 2.8% during trading on Friday . The stock traded as low as $18.70 and last traded at $19.02. 5,552 shares changed hands during trading, a decline of 97% from the average session volume of 199,563 shares. The stock had previously closed at $19.57.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Cowen reduced their price objective on Deluxe to $32.00 in a research note on Thursday, October 13th. StockNews.com assumed coverage on Deluxe in a research note on Wednesday, October 12th. They set a “buy” rating for the company.

Deluxe Trading Down 0.9 %

The firm has a market capitalization of $836.92 million, a PE ratio of 13.96 and a beta of 1.49. The business has a 50 day moving average price of $18.35 and a 200-day moving average price of $19.39. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 2.67.

Deluxe (NYSE:DLXGet Rating) last issued its earnings results on Thursday, November 3rd. The business services provider reported $0.89 earnings per share (EPS) for the quarter. The business had revenue of $555.00 million during the quarter, compared to the consensus estimate of $536.00 million. Deluxe had a return on equity of 29.18% and a net margin of 2.68%.

Deluxe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 5th. Stockholders of record on Monday, November 21st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date was Friday, November 18th. Deluxe’s dividend payout ratio (DPR) is 86.33%.

Hedge Funds Weigh In On Deluxe

A number of large investors have recently modified their holdings of DLX. Boundary Creek Advisors LP acquired a new stake in shares of Deluxe in the 3rd quarter worth approximately $13,770,000. Keeley Teton Advisors LLC acquired a new stake in shares of Deluxe in the 2nd quarter worth approximately $202,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Deluxe in the 2nd quarter worth approximately $177,000. Texas Permanent School Fund grew its holdings in shares of Deluxe by 2.5% in the 2nd quarter. Texas Permanent School Fund now owns 30,964 shares of the business services provider’s stock worth $671,000 after acquiring an additional 758 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of Deluxe by 14.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 19,178 shares of the business services provider’s stock worth $416,000 after acquiring an additional 2,444 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

About Deluxe

(Get Rating)

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, Australia, South America, and Europe. It operates through four segments: Payments, Cloud Solutions, Promotional Solutions, and Checks. The company provides treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing, and paperless treasury management solutions, as well as payment exchange, and fraud and security services; web hosting and design services, data-driven marketing solutions and hosted solutions, such as digital engagement, logo design, financial institution profitability reporting, and business incorporation services.

Further Reading

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