Deluxe (NYSE:DLX) Reaches New 1-Year High – Here’s Why

Deluxe Corporation (NYSE:DLX) shares hit a new 52-week high on Wednesday . The stock traded as high as $28.99 and last traded at $28.7930, with a volume of 67554 shares changing hands. The stock had previously closed at $27.54.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. CJS Securities raised Deluxe to a “hold” rating in a report on Thursday, December 11th. Finally, Zacks Research raised Deluxe from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $23.00.

Deluxe Stock Up 4.4%

The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 0.98. The company has a market cap of $1.30 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 0.65 and a beta of 1.33. The company has a fifty day moving average price of $27.19 and a 200 day moving average price of $23.05.

Deluxe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Monday, February 9th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.2%. Deluxe’s payout ratio is presently 63.83%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Denali Advisors LLC bought a new position in Deluxe during the third quarter valued at approximately $769,000. SG Americas Securities LLC bought a new position in Deluxe during the third quarter valued at approximately $512,000. Allianz Asset Management GmbH grew its position in Deluxe by 140.2% during the third quarter. Allianz Asset Management GmbH now owns 88,266 shares of the business services provider’s stock valued at $1,709,000 after acquiring an additional 51,524 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in Deluxe during the third quarter valued at approximately $891,000. Finally, Picton Mahoney Asset Management bought a new position in Deluxe during the third quarter valued at approximately $845,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Deluxe Company Profile

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.