Deluxe (NYSE:DLX) Reaches New 12-Month Low at $15.26

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

The firm also recently declared a quarterly dividend, which was paid on Monday, March 6th. Shareholders of record on Tuesday, February 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.30%. The ex-dividend date of this dividend was Friday, February 17th. Deluxe’s dividend payout ratio is presently 79.47%.

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

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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.