Deluxe (NYSE:DLX) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Deluxe (NYSE:DLX – Get Rating) in a note issued to investors on Thursday. The firm set a “buy” rating on the business services provider’s stock.

Separately, Cowen decreased their price target on shares of Deluxe from $32.00 to $29.00 in a report on Friday, February 3rd.

Deluxe Stock Down 2.9 %

Shares of DLX opened at $15.90 on Thursday. The firm has a market cap of $687.99 million, a PE ratio of 10.53, a price-to-earnings-growth ratio of 0.57 and a beta of 1.56. The company’s fifty day moving average is $18.96 and its two-hundred day moving average is $18.27. Deluxe has a fifty-two week low of $15.30 and a fifty-two week high of $33.57. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 2.60.

Institutional Investors Weigh In On Deluxe

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in Deluxe by 275.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,498 shares of the business services provider’s stock worth $25,000 after buying an additional 1,099 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Deluxe during the 3rd quarter worth $27,000. Captrust Financial Advisors increased its stake in Deluxe by 73.1% during the 1st quarter. Captrust Financial Advisors now owns 2,229 shares of the business services provider’s stock worth $67,000 after buying an additional 941 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Deluxe by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,061 shares of the business services provider’s stock worth $93,000 after purchasing an additional 491 shares during the last quarter. Finally, Romano Brothers AND Company bought a new stake in shares of Deluxe in the 4th quarter worth about $76,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

About Deluxe

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Deluxe Corp. engages in the provision of marketing products and services. It operates through the following segments: Payments, Cloud Solutions, Promotional Solutions, and Checks. The Payments segment includes treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing and paperless treasury management.