Deluxe (NYSE:DLX) Rating Lowered to “Hold” at Wall Street Zen

Deluxe (NYSE:DLX) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages also recently issued reports on DLX. Zacks Research downgraded Deluxe from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Weiss Ratings lowered Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Deluxe Price Performance

Shares of NYSE:DLX opened at $25.00 on Friday. The company has a 50 day moving average of $24.57 and a 200 day moving average of $26.11. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 2.02. The stock has a market cap of $1.14 billion, a P/E ratio of 11.11, a P/E/G ratio of 0.63 and a beta of 1.24. Deluxe has a 12 month low of $17.76 and a 12 month high of $32.07.

Deluxe (NYSE:DLX) last posted its earnings results on Wednesday, August 5th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.06. Deluxe had a net margin of 4.91% and a return on equity of 23.51%. The business had revenue of $499.30 million for the quarter, compared to analysts’ expectations of $486.30 million. During the same period in the prior year, the company posted $0.88 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Deluxe will post 3.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DLX. Royal Bank of Canada lifted its holdings in Deluxe by 25.6% in the 1st 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 period. AQR Capital Management LLC raised its holdings 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 purchasing an additional 24,660 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Deluxe by 4.3% in 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 purchasing an additional 1,072 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Deluxe by 9.9% in the 1st 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 worth $1,751,000 after purchasing an additional 10,017 shares during the period. Finally, Strs Ohio bought a new stake in shares of Deluxe during the 1st quarter valued at about $30,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

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.