Deluxe Corp. (DLX) Lowered to “Hold” at Zacks Investment Research
According to Zacks, “Deluxe Corporation, through its industry-leading businesses and brands, helps financial institutions and small businesses better manage, promote, and grow their businesses. The Company uses direct marketing, distributors, and a North American sales force to provide a wide range of customized products and services: personalized printed items checks, forms, business cards, stationery, greeting cards, labels, and retail/packaging supplies, promotional products and merchandising materials, fraud prevention services, and customer retention programs. The Company also sells personalized checks and accessories directly to consumers. “
Deluxe Corp. (NYSE:DLX) opened at 67.62 on Wednesday. The stock has a market cap of $3.30 billion, a PE ratio of 14.40 and a beta of 1.47. Deluxe Corp. has a 1-year low of $49.46 and a 1-year high of $70.26. The company’s 50 day moving average is $67.98 and its 200-day moving average is $65.25.
Deluxe Corp. (NYSE:DLX) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.02. The business earned $450.60 million during the quarter, compared to analysts’ expectations of $450.56 million. Deluxe Corp. had a net margin of 12.86% and a return on equity of 31.19%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $1.13 earnings per share. Equities research analysts forecast that Deluxe Corp. will post $4.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.20 annualized dividend and a yield of 1.77%. Deluxe Corp.’s dividend payout ratio is presently 25.59%.
In related news, Director Neil Metviner sold 8,000 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $69.23, for a total transaction of $553,840.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.90% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in DLX. Commonwealth Equity Services Inc raised its stake in Deluxe Corp. by 0.4% in the first quarter. Commonwealth Equity Services Inc now owns 6,758 shares of the company’s stock valued at $422,000 after buying an additional 27 shares in the last quarter. BlackRock Advisors LLC raised its stake in Deluxe Corp. by 0.3% in the second quarter. BlackRock Advisors LLC now owns 22,987 shares of the company’s stock valued at $1,526,000 after buying an additional 58 shares in the last quarter. State Treasurer State of Michigan raised its stake in Deluxe Corp. by 0.5% in the second quarter. State Treasurer State of Michigan now owns 19,662 shares of the company’s stock valued at $1,305,000 after buying an additional 100 shares in the last quarter. Aviance Capital Management LLC raised its stake in Deluxe Corp. by 1.9% in the second quarter. Aviance Capital Management LLC now owns 5,648 shares of the company’s stock valued at $375,000 after buying an additional 107 shares in the last quarter. Finally, Hancock Holding Co. raised its stake in Deluxe Corp. by 0.8% in the second quarter. Hancock Holding Co. now owns 14,231 shares of the company’s stock valued at $945,000 after buying an additional 107 shares in the last quarter. Institutional investors own 90.57% of the company’s stock.
Deluxe Corp. Company Profile
Deluxe Corporation provides payment solutions. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. Its Small Business Services segment offers services for marketing needs of small businesses, including Web design, hosting and other Web services; search engine optimization; marketing services, including e-mail, mobile, social media and other self-service marketing solutions; digital printing services, and logo design.
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