Deluxe (NYSE:DLX – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.
Other research analysts also recently issued research reports about the company. Weiss Ratings raised Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Barrington Research initiated coverage on shares of Deluxe in a research report on Tuesday, September 29th. They set an “outperform” rating and a $31.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.00.
Get Our Latest Stock Analysis on Deluxe
Deluxe Trading Down 2.7%
Shares of DLX stock opened at $25.84 on Friday. The stock has a market cap of $1.18 billion, a P/E ratio of 6.71, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29. Deluxe has a 1 year low of $18.56 and a 1 year high of $32.07. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 2.02. The stock has a 50 day simple moving average of $23.51 and a 200 day simple moving average of $25.34.
Deluxe (NYSE:DLX – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The business services provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. The firm had revenue of $553.90 million for the quarter, compared to analyst estimates of $532.67 million. Deluxe had a return on equity of 23.21% and a net margin of 3.90%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $1.09 EPS. On average, research analysts predict that Deluxe will post 3.39 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Deluxe
Several institutional investors and hedge funds have recently added to or reduced their stakes in DLX. Russell Investments Group Ltd. raised its holdings in shares of Deluxe by 23.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 588,546 shares of the business services provider’s stock worth $13,519,000 after buying an additional 111,510 shares in the last quarter. Kendall Capital Management lifted its position in shares of Deluxe by 9.6% during the 3rd quarter. Kendall Capital Management now owns 86,371 shares of the business services provider’s stock worth $1,984,000 after buying an additional 7,595 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Deluxe in the second quarter valued at about $62,000. Citizens Financial Group Inc. RI acquired a new stake in Deluxe in the second quarter valued at about $244,000. Finally, Bank of New York Mellon Corp acquired a new stake in Deluxe in the second quarter valued at about $14,739,000. 93.90% of the stock is currently owned by institutional investors.
Deluxe Company Profile
Deluxe Corporation is a provider of payments, marketing and business technology solutions serving small businesses, financial institutions and consumers. The company’s offerings include checks and related forms, business supplies, promotional products, website and digital marketing services, customer relationship management tools, data-driven marketing solutions and payment processing services.
Deluxe also provides receivables management, fraud prevention and other financial technology services designed to help businesses and financial institutions manage transactions and customer relationships.
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