Analysts Set Deluxe Corporation (NYSE:DLX) Target Price at $23.00

Deluxe Corporation (NYSE:DLX) has received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $23.00.

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Deluxe from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deluxe in a research report on Monday, December 29th. Zacks Research raised Deluxe from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, CJS Securities upgraded Deluxe to a “hold” rating in a research note on Thursday, December 11th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DLX. Royal Bank of Canada increased its position in shares of 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 purchasing an additional 102,948 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Deluxe by 10.0% during the first 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 valued at $415,000 after buying an additional 1,072 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 buying an additional 10,017 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Deluxe during the first quarter valued at approximately $30,000. 93.90% of the stock is currently owned by institutional investors.

Deluxe Trading Down 0.3%

DLX opened at $27.85 on Wednesday. The firm’s 50 day moving average is $23.37 and its 200-day moving average is $20.53. Deluxe has a 52-week low of $13.61 and a 52-week high of $28.60. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $1.25 billion, a P/E ratio of 14.81, a P/E/G ratio of 0.68 and a beta of 1.40.

Deluxe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 23rd. Stockholders of record on Monday, February 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.3%. Deluxe’s dividend payout ratio (DPR) is presently 63.83%.

About Deluxe

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.