Lazard Asset Management LLC Increases Position in Deluxe Corporation $DLX

Lazard Asset Management LLC boosted its holdings in shares of Deluxe Corporation (NYSE:DLX) by 14.3% in the 1st quarter, Holdings Channel reports. The fund owned 164,693 shares of the business services provider’s stock after acquiring an additional 20,573 shares during the quarter. Lazard Asset Management LLC’s holdings in Deluxe were worth $4,536,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in Deluxe by 3,597.9% in the 4th quarter. UMB Bank n.a. now owns 1,738 shares of the business services provider’s stock worth $39,000 after purchasing an additional 1,691 shares in the last quarter. Strs Ohio purchased a new stake in shares of Deluxe in the first quarter valued at approximately $30,000. Raymond James Financial Inc. purchased a new stake in shares of Deluxe in the second quarter valued at approximately $31,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Deluxe in the fourth quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Deluxe by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 552 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Deluxe Price Performance

Shares of DLX stock opened at $25.87 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.15 and a quick ratio of 1.05. The company has a market capitalization of $1.18 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24. The firm’s 50-day moving average is $24.34 and its two-hundred day moving average is $26.02. Deluxe Corporation has a 12 month low of $15.41 and a 12 month high of $32.07.

Deluxe (NYSE:DLX) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.14. The business had revenue of $538.10 million during the quarter, compared to analysts’ expectations of $534.97 million. Deluxe had a net margin of 5.01% and a return on equity of 24.11%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 EPS. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. Analysts predict that Deluxe Corporation will post 3.3 earnings per share for the current year.

Deluxe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a $0.30 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $1.20 dividend on an annualized basis and a yield of 4.6%. Deluxe’s dividend payout ratio is currently 51.28%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings downgraded Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Zacks Research cut Deluxe from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, Wall Street Zen raised Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Deluxe 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.