Insider Selling: Julie M. Loosbrock Sells 8,525 Shares of Deluxe Stock (DLX)
Deluxe (NYSE:DLX) VP Julie M. Loosbrock sold 8,525 shares of the stock on the open market in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $47.71, for a total transaction of $406,727.75. Following the transaction, the vice president now directly owns 14,445 shares of the company’s stock, valued at approximately $689,171. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Deluxe (NYSE:DLX) traded up 1.06% during mid-day trading on Thursday, hitting $47.67. 366,156 shares of the company’s stock traded hands. Deluxe has a 1-year low of $33.37 and a 1-year high of $54.24. The stock’s 50-day moving average is $49.33 and its 200-day moving average is $46.24. The company has a market cap of $2.398 billion and a price-to-earnings ratio of 12.92.
Deluxe (NYSE:DLX) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05. The company had revenue of $417.80 million for the quarter, compared to the consensus estimate of $411.40 million. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that Deluxe will post $4.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, February 12th.
DLX has been the subject of a number of recent research reports. Analysts at Northland Capital Partners initiated coverage on shares of Deluxe in a research note on Monday, February 10th. They set a “market perform” rating and a $50.00 price target on the stock. Analysts at Northland Securities initiated coverage on shares of Deluxe in a research note on Monday, February 10th. They set a “market perform” rating and a $50.00 price target on the stock.
Deluxe Corporation through its various businesses and brands provide a suite of life-cycle driven solutions to its customers.
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