Deluxe (NYSE:DLX) Stock Passes Above 200-Day Moving Average – Should You Sell?

Deluxe Corporation (NYSE:DLX) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $18.61 and traded as high as $22.33. Deluxe shares last traded at $22.1850, with a volume of 323,641 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deluxe in a report on Monday. Wall Street Zen upgraded Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, CJS Securities raised Deluxe to a “hold” rating in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.00.

Deluxe Stock Performance

The company has a debt-to-equity ratio of 2.13, a current ratio of 0.99 and a quick ratio of 0.91. The stock has a fifty day moving average price of $20.12 and a two-hundred day moving average price of $18.61. The company has a market cap of $998.55 million, a P/E ratio of 12.12, a PEG ratio of 0.59 and a beta of 1.40.

Deluxe (NYSE:DLX) last posted its earnings results on Wednesday, March 23rd. The business services provider reported $1.38 EPS for the quarter. The firm had revenue of $454.49 million for the quarter. Deluxe had a return on equity of 22.42% and a net margin of 3.90%. On average, equities analysts forecast that Deluxe Corporation will post 2.77 earnings per share for the current fiscal year.

Deluxe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Monday, November 17th. Deluxe’s payout ratio is currently 65.57%.

Hedge Funds Weigh In On Deluxe

Several large investors have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in shares of Deluxe in the 1st quarter worth approximately $30,000. Raymond James Financial Inc. bought a new stake in Deluxe during the second quarter worth approximately $31,000. Hillsdale Investment Management Inc. raised its holdings in Deluxe by 227.8% during the third quarter. Hillsdale Investment Management Inc. now owns 2,950 shares of the business services provider’s stock worth $57,000 after purchasing an additional 2,050 shares in the last quarter. Quarry LP lifted its position in Deluxe by 105.8% in the first quarter. Quarry LP now owns 3,685 shares of the business services provider’s stock worth $58,000 after purchasing an additional 1,894 shares during the period. Finally, Federated Hermes Inc. boosted its stake in Deluxe by 110.6% during the 3rd quarter. Federated Hermes Inc. now owns 3,089 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 1,622 shares in the last quarter. Institutional investors and hedge funds 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.