Deluxe Corporation (NYSE:DLX) Receives Average Rating of “Buy” from Analysts

Deluxe Corporation (NYSE:DLX) has been given an average recommendation of “Buy” by the five ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $23.00.

DLX has been the subject of a number of research analyst reports. Zacks Research upgraded Deluxe from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. 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 upgraded shares of Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Finally, CJS Securities raised shares of Deluxe to a “hold” rating in a report on Thursday, December 11th.

Deluxe Price Performance

NYSE:DLX opened at $28.10 on Friday. Deluxe has a 52-week low of $13.61 and a 52-week high of $28.60. The stock has a fifty day moving average of $25.41 and a 200 day moving average of $21.76. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.98 and a current ratio of 1.04. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 0.66 and a beta of 1.37.

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Monday, February 9th were given a $0.30 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.20 annualized dividend and a yield of 4.3%. Deluxe’s payout ratio is 63.83%.

Institutional Investors Weigh In On Deluxe

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Deluxe by 25.6% during the 1st quarter. Royal Bank of Canada now owns 505,810 shares of the business services provider’s stock valued at $7,996,000 after purchasing an additional 102,948 shares during the last quarter. AQR Capital Management LLC lifted its position in Deluxe by 10.0% in the 1st 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Deluxe by 4.3% in 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 grew its position 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 valued at $1,751,000 after acquiring an additional 10,017 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Deluxe during the first quarter worth approximately $30,000. Institutional investors 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.