Deluxe (NYSE:DLX) Sets New 12-Month High – What’s Next?

Deluxe Corporation (NYSE:DLX) hit a new 52-week high during trading on Monday . The stock traded as high as $31.91 and last traded at $31.4550, with a volume of 437215 shares traded. The stock had previously closed at $31.90.

Wall Street Analyst Weigh In

Several brokerages have commented on DLX. Weiss Ratings raised Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Zacks Research downgraded Deluxe from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Deluxe has an average rating of “Moderate Buy”.

Deluxe Trading Down 1.3%

The firm has a market capitalization of $1.42 billion, a P/E ratio of 16.86, a PEG ratio of 0.75 and a beta of 1.34. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. The business has a 50-day moving average price of $28.15 and a 200-day moving average price of $24.31.

Institutional Trading of Deluxe

Institutional investors and hedge funds have recently modified their holdings of the company. Denali Advisors LLC bought a new stake in Deluxe in the third quarter valued at $769,000. SG Americas Securities LLC bought a new stake in Deluxe in the third quarter valued at $512,000. Allianz Asset Management GmbH grew its position in Deluxe by 140.2% in 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 period. Segall Bryant & Hamill LLC bought a new stake in Deluxe in the third quarter valued at $891,000. Finally, Picton Mahoney Asset Management bought a new stake in Deluxe in the third quarter valued at $845,000. 93.90% of the stock is currently 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.