Deluxe (NYSE:DLX) Reaches New 12-Month High – Here’s What Happened

Deluxe Corporation (NYSE:DLX)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $30.99 and last traded at $30.4050, with a volume of 25653 shares trading hands. The stock had previously closed at $30.50.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Deluxe from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Weiss Ratings raised shares of Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Deluxe Trading Up 3.5%

The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 2.08. The business’s fifty day simple moving average is $28.15 and its two-hundred day simple moving average is $24.23. The stock has a market capitalization of $1.41 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.71 and a beta of 1.33.

Institutional Trading of Deluxe

A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in Deluxe by 25.6% during the first quarter. Royal Bank of Canada now owns 505,810 shares of the business services provider’s stock worth $7,996,000 after buying an additional 102,948 shares in the last quarter. AQR Capital Management LLC boosted its stake in Deluxe by 10.0% during the first quarter. AQR Capital Management LLC now owns 272,134 shares of the business services provider’s stock worth $4,302,000 after buying an additional 24,660 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Deluxe by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,260 shares of the business services provider’s stock worth $415,000 after buying an additional 1,072 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Deluxe by 9.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 110,736 shares of the business services provider’s stock worth $1,751,000 after buying an additional 10,017 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Deluxe during the first quarter worth $30,000. 93.90% of the stock is owned by institutional investors.

About Deluxe

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.