Deluxe Co. (NYSE:DLX) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokers have set a one year consensus price objective of $40.00 for the company, according to Zacks. Zacks has also assigned Deluxe an industry rank of 38 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 target price for the company in a research report on Wednesday, July 31st.

NYSE DLX traded down $0.18 during trading hours on Wednesday, hitting $44.04. 323,166 shares of the company’s stock traded hands, compared to its average volume of 354,421. The stock has a fifty day simple moving average of $42.17. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.27 and a quick ratio of 1.14. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 7.74 and a beta of 1.40. Deluxe has a 52 week low of $36.11 and a 52 week high of $60.55.

Deluxe (NYSE:DLX) last announced its earnings results on Thursday, July 25th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.08). The business had revenue of $494.00 million for the quarter, compared to the consensus estimate of $495.90 million. Deluxe had a net margin of 5.28% and a return on equity of 28.94%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 earnings per share. As a group, equities analysts predict that Deluxe will post 6.68 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.20 annualized dividend and a yield of 2.72%. Deluxe’s dividend payout ratio (DPR) is 21.09%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in shares of Deluxe by 13.2% in the second quarter. Bank of America Corp DE now owns 371,627 shares of the business services provider’s stock worth $15,110,000 after buying an additional 43,440 shares in the last quarter. Zebra Capital Management LLC lifted its holdings in shares of Deluxe by 5.0% in the second quarter. Zebra Capital Management LLC now owns 40,294 shares of the business services provider’s stock worth $1,638,000 after buying an additional 1,915 shares in the last quarter. Balyasny Asset Management LLC raised its stake in Deluxe by 128.8% during the second quarter. Balyasny Asset Management LLC now owns 23,514 shares of the business services provider’s stock valued at $956,000 after purchasing an additional 13,239 shares in the last quarter. Mackenzie Financial Corp raised its stake in Deluxe by 49.3% during the second quarter. Mackenzie Financial Corp now owns 104,633 shares of the business services provider’s stock valued at $4,254,000 after purchasing an additional 34,556 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Deluxe by 284.4% during the second quarter. Invesco Ltd. now owns 91,761 shares of the business services provider’s stock valued at $3,731,000 after purchasing an additional 67,888 shares in the last quarter. Institutional investors own 88.84% of the company’s stock.

Deluxe Company Profile

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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