Deluxe Co. (NYSE:DLX – Get Rating) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $15.26 and last traded at $15.31, with a volume of 21341 shares traded. The stock had previously closed at $15.90.
Analysts Set New Price Targets
Several research analysts have recently commented on DLX shares. Cowen lowered their price target on Deluxe from $32.00 to $29.00 in a research report on Friday, February 3rd. StockNews.com assumed coverage on Deluxe in a research note on Thursday. They issued a “buy” rating on the stock.
Deluxe Stock Performance
The company has a debt-to-equity ratio of 2.60, a current ratio of 0.94 and a quick ratio of 0.87. The company has a market capitalization of $626.80 million, a price-to-earnings ratio of 9.57, a PEG ratio of 0.54 and a beta of 1.56. The stock has a 50 day simple moving average of $18.80 and a two-hundred day simple moving average of $18.21.
Deluxe Announces Dividend
Institutional Trading of Deluxe
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Deluxe by 1.9% in the third quarter. Vanguard Group Inc. now owns 4,853,115 shares of the business services provider’s stock valued at $80,805,000 after buying an additional 91,503 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Deluxe by 0.9% during the fourth quarter. American Century Companies Inc. now owns 2,828,711 shares of the business services provider’s stock worth $48,032,000 after buying an additional 24,476 shares during the last quarter. State Street Corp grew its holdings in shares of Deluxe by 0.6% during the third quarter. State Street Corp now owns 1,762,057 shares of the business services provider’s stock worth $29,338,000 after buying an additional 9,867 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Deluxe by 3.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,412,257 shares of the business services provider’s stock valued at $42,707,000 after purchasing an additional 47,094 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in Deluxe by 6.6% in the 4th quarter. William Blair Investment Management LLC now owns 1,382,630 shares of the business services provider’s stock valued at $23,477,000 after purchasing an additional 85,961 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.
Deluxe Company Profile
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.
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