Deluxe Corporation (NYSE:DLX – Get Free Report) fell 8% on Wednesday . The company traded as low as $23.31 and last traded at $23.2960. 473,170 shares changed hands during trading, an increase of 2% from the average session volume of 462,393 shares. The stock had previously closed at $25.31.
Analyst Ratings Changes
A number of research firms have weighed in on DLX. Zacks Research cut shares of Deluxe from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen cut shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Deluxe in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on DLX
Deluxe Trading Down 0.2%
Deluxe (NYSE:DLX – Get Free Report) last released its earnings results on Wednesday, May 6th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. The business had revenue of $538.10 million for the quarter, compared to analyst estimates of $534.97 million. Deluxe had a net margin of 5.01% and a return on equity of 24.11%. Deluxe’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. As a group, equities research analysts anticipate that Deluxe Corporation will post 3.54 EPS for the current year.
Deluxe Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.20 dividend on an annualized basis and a yield of 5.2%. Deluxe’s dividend payout ratio is 51.28%.
Institutional Trading of Deluxe
A number of institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in Deluxe during the first quarter valued at $1,411,000. Towle & Co. bought a new stake in Deluxe during the first quarter valued at $7,963,000. Sei Investments Co. boosted its position in Deluxe by 189.4% during the first quarter. Sei Investments Co. now owns 367,278 shares of the business services provider’s stock valued at $10,115,000 after acquiring an additional 240,359 shares during the last quarter. State of Wyoming raised its holdings in shares of Deluxe by 28.8% during the first quarter. State of Wyoming now owns 13,640 shares of the business services provider’s stock valued at $376,000 after purchasing an additional 3,047 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Deluxe by 0.8% during the first quarter. First Trust Advisors LP now owns 147,896 shares of the business services provider’s stock valued at $4,073,000 after purchasing an additional 1,220 shares during the period. Institutional investors own 93.90% of the company’s stock.
About Deluxe
Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.
The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.
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