Deluxe Corporation (NYSE:DLX) Given Average Rating of “Hold” by Brokerages

Deluxe Corporation (NYSE:DLX) has been given an average rating of “Hold” by the five analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $23.00.

DLX has been the topic of several recent research reports. Wall Street Zen raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Deluxe in a report on Monday, December 29th. Finally, CJS Securities raised shares of Deluxe to a “hold” rating in a research note on Thursday, December 11th.

Deluxe Stock Down 0.3%

Shares of DLX opened at $23.57 on Friday. The business’s fifty day moving average price is $21.47 and its two-hundred day moving average price is $19.42. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.61 and a beta of 1.37. Deluxe has a 52 week low of $13.61 and a 52 week high of $23.99. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.91 and a current ratio of 0.99.

Deluxe (NYSE:DLX) last released its earnings results on Wednesday, November 5th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The company had revenue of $540.20 million during the quarter, compared to the consensus estimate of $526.50 million. Deluxe had a return on equity of 22.42% and a net margin of 3.90%.The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 earnings per share. Deluxe has set its FY 2025 guidance at 3.450-3.60 EPS. On average, analysts predict that Deluxe will post 2.77 earnings per share for the current year.

Deluxe Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Monday, November 17th. Deluxe’s dividend payout ratio (DPR) is currently 65.57%.

Hedge Funds Weigh In On Deluxe

Several hedge funds have recently added to or reduced their stakes in DLX. Royal Bank of Canada boosted its holdings 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 during the last quarter. AQR Capital Management LLC raised its position in shares of Deluxe by 10.0% in the 1st quarter. AQR Capital Management LLC now owns 272,134 shares of the business services provider’s stock valued at $4,302,000 after acquiring an additional 24,660 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Deluxe by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,260 shares of the business services provider’s stock worth $415,000 after acquiring an additional 1,072 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Deluxe during the 1st quarter worth approximately $325,000. Finally, Empowered Funds LLC grew its holdings in Deluxe by 2.0% during the first quarter. Empowered Funds LLC now owns 236,338 shares of the business services provider’s stock valued at $3,737,000 after purchasing an additional 4,714 shares during the period. Institutional investors and hedge funds 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.