Deluxe Co. (NYSE:DLX) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokerages have set a 12 month consensus price objective of $50.00 for the company, according to Zacks. Zacks has also given Deluxe an industry rank of 69 out of 257 based on the ratings given to related companies.
Several equities analysts recently commented on DLX shares. TheStreet cut shares of Deluxe from a “b-” rating to a “c+” rating in a research note on Tuesday, August 21st. Buckingham Research started coverage on shares of Deluxe in a research note on Friday, October 12th. They set a “neutral” rating and a $56.00 price objective for the company.
Hedge funds have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd purchased a new position in Deluxe in the 2nd quarter worth approximately $101,000. Stratos Wealth Partners LTD. purchased a new position in Deluxe in the 3rd quarter worth approximately $114,000. NumerixS Investment Technologies Inc purchased a new position in Deluxe in the 2nd quarter worth approximately $132,000. Tower Research Capital LLC TRC grew its stake in Deluxe by 93.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,516 shares of the business services provider’s stock worth $200,000 after buying an additional 1,700 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in Deluxe by 50.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,778 shares of the business services provider’s stock worth $206,000 after buying an additional 931 shares in the last quarter. 95.86% of the stock is owned by institutional investors and hedge funds.
NYSE:DLX traded up $1.05 during mid-day trading on Thursday, hitting $50.85. 681,000 shares of the stock traded hands, compared to its average volume of 351,988. The stock has a market cap of $2.26 billion, a P/E ratio of 9.47 and a beta of 1.00. Deluxe has a 12-month low of $43.72 and a 12-month high of $78.87. The company has a current ratio of 1.25, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93.
Deluxe (NYSE:DLX) last issued its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.28 by $0.08. The company had revenue of $493.20 million during the quarter. Deluxe had a net margin of 9.00% and a return on equity of 26.00%. On average, equities analysts forecast that Deluxe will post 5.63 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 19th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, November 16th. This represents a $1.20 annualized dividend and a yield of 2.36%. Deluxe’s dividend payout ratio is currently 22.77%.
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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