Deluxe VP Sells $623,480 in Stock (DLX)
Deluxe (NYSE:DLX) VP Anthony C. Scarfone sold 10,900 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $57.20, for a total value of $623,480.00. Following the completion of the sale, the vice president now directly owns 32,899 shares in the company, valued at approximately $1,881,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Northland Securities raised their price target on shares of Deluxe from $50.00 to $55.00 in a research note on Friday, July 25th. They now have a “market perform” rating on the stock.
Deluxe (NYSE:DLX) traded up 1.53% during mid-day trading on Wednesday, hitting $57.56. The stock had a trading volume of 220,833 shares. Deluxe has a 52-week low of $38.12 and a 52-week high of $60.52. The stock’s 50-day moving average is $57.0 and its 200-day moving average is $53.54. The company has a market cap of $2.864 billion and a price-to-earnings ratio of 15.16.
Deluxe (NYSE:DLX) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.01 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.06. The company had revenue of $405.40 million for the quarter, compared to the consensus estimate of $397.23 million. During the same quarter last year, the company posted $0.96 earnings per share. Deluxe’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Deluxe will post $4.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, August 14th.
Deluxe Corporation through its various businesses and brands provide a suite of life-cycle driven solutions to its customers.
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