Deluxe Co. (NYSE:DLX) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokerages have set a twelve-month consensus price objective of $40.00 for the company, according to Zacks. Zacks has also assigned Deluxe an industry rank of 36 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Deluxe from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, July 31st.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLX. Connor Clark & Lunn Investment Management Ltd. increased its position in Deluxe by 165.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 40,975 shares of the business services provider’s stock worth $1,666,000 after buying an additional 25,525 shares in the last quarter. Freestone Capital Holdings LLC increased its holdings in Deluxe by 12.7% in the 1st quarter. Freestone Capital Holdings LLC now owns 249,842 shares of the business services provider’s stock worth $10,923,000 after acquiring an additional 28,085 shares in the last quarter. Creative Planning increased its holdings in Deluxe by 2,813.6% in the 2nd quarter. Creative Planning now owns 234,834 shares of the business services provider’s stock worth $9,548,000 after acquiring an additional 226,774 shares in the last quarter. Prudential Financial Inc. raised its stake in Deluxe by 16.1% during the 2nd quarter. Prudential Financial Inc. now owns 547,392 shares of the business services provider’s stock worth $22,257,000 after acquiring an additional 76,022 shares during the period. Finally, Royce & Associates LP raised its stake in Deluxe by 19.1% during the 1st quarter. Royce & Associates LP now owns 37,823 shares of the business services provider’s stock worth $1,654,000 after acquiring an additional 6,066 shares during the period. Institutional investors own 89.68% of the company’s stock.
Shares of Deluxe stock traded up $0.65 during trading hours on Friday, reaching $49.57. 315,865 shares of the stock traded hands, compared to its average volume of 349,486. Deluxe has a one year low of $36.11 and a one year high of $57.69. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 8.71 and a beta of 1.35. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of 1.10. The company has a 50 day moving average price of $44.79 and a 200 day moving average price of $43.02.
Deluxe (NYSE:DLX) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.08). The business had revenue of $494.00 million during the quarter, compared to the consensus estimate of $495.90 million. Deluxe had a return on equity of 28.94% and a net margin of 5.28%. Deluxe’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. Sell-side analysts anticipate that Deluxe will post 6.68 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.20 dividend on an annualized basis and a yield of 2.42%. Deluxe’s dividend payout ratio is currently 21.09%.
Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.
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