Zacks: Deluxe Corporation (DLX) Receives Consensus Recommendation of “” from Analysts
Shares of Deluxe Corporation (NYSE:DLX) have been given a consensus broker rating score of 0.00 () from the zero analysts that provide coverage for the stock, Zacks Investment Research reports.
Zacks has also given Deluxe Corporation an industry rank of 250 out of 265 based on the ratings given to its competitors.
DLX has been the subject of several recent research reports. BidaskClub upgraded Deluxe Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Deluxe Corporation from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Tuesday, May 2nd.
In related news, Director Ronald C. Baldwin sold 2,000 shares of Deluxe Corporation stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.41, for a total transaction of $144,820.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John D. Filby sold 18,936 shares of Deluxe Corporation stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.21, for a total value of $1,367,368.56. Following the transaction, the vice president now directly owns 46,154 shares in the company, valued at approximately $3,332,780.34. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DLX. Dynamic Technology Lab Private Ltd bought a new position in shares of Deluxe Corporation during the second quarter valued at about $646,000. Public Employees Retirement System of Ohio boosted its position in shares of Deluxe Corporation by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 38,408 shares of the business services provider’s stock valued at $2,659,000 after buying an additional 241 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Deluxe Corporation during the second quarter valued at about $249,000. Dean Capital Management boosted its position in shares of Deluxe Corporation by 97.2% in the second quarter. Dean Capital Management now owns 61,002 shares of the business services provider’s stock valued at $4,222,000 after buying an additional 30,075 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Deluxe Corporation during the second quarter valued at about $239,000. 92.66% of the stock is currently owned by institutional investors.
Deluxe Corporation (DLX) traded down 0.20% during trading on Tuesday, reaching $68.17. The company’s stock had a trading volume of 540,769 shares. Deluxe Corporation has a 12 month low of $59.47 and a 12 month high of $75.94. The company’s 50-day moving average is $70.15 and its 200-day moving average is $71.00. The stock has a market cap of $3.30 billion, a PE ratio of 14.58 and a beta of 1.35.
Deluxe Corporation (NYSE:DLX) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.05. The firm had revenue of $485.20 million during the quarter, compared to the consensus estimate of $479.42 million. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 earnings per share. Equities analysts expect that Deluxe Corporation will post $5.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.20 annualized dividend and a dividend yield of 1.76%. Deluxe Corporation’s payout ratio is 25.64%.
Deluxe Corporation Company Profile
Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.
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