Deluxe Corporation (NYSE:DLX) Given Consensus Rating of “Buy” by Analysts

Shares of Deluxe Corporation (NYSE:DLX) have earned a consensus recommendation of “Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $23.00.

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. CJS Securities upgraded Deluxe to a “hold” rating in a report on Thursday, December 11th. Weiss Ratings upgraded Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Finally, Zacks Research raised Deluxe from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd.

Institutional Investors Weigh In On Deluxe

Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in Deluxe by 0.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 86,657 shares of the business services provider’s stock valued at $1,678,000 after purchasing an additional 488 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Deluxe by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider’s stock valued at $49,000 after buying an additional 552 shares during the period. Kendall Capital Management lifted its position in shares of Deluxe by 2.8% in the third quarter. Kendall Capital Management now owns 28,886 shares of the business services provider’s stock valued at $559,000 after buying an additional 790 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Deluxe by 8.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,487 shares of the business services provider’s stock worth $183,000 after acquiring an additional 892 shares during the period. Finally, Ipsen Advisor Group LLC increased its holdings in shares of Deluxe by 3.5% during the 4th quarter. Ipsen Advisor Group LLC now owns 30,716 shares of the business services provider’s stock worth $686,000 after acquiring an additional 1,033 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

Deluxe Stock Performance

Shares of DLX stock opened at $27.72 on Friday. Deluxe has a 12 month low of $13.61 and a 12 month high of $28.60. The company’s fifty day simple moving average is $24.95 and its 200-day simple moving average is $21.54. The firm has a market cap of $1.25 billion, a PE ratio of 14.74, a P/E/G ratio of 0.65 and a beta of 1.41. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 2.08.

Deluxe Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Monday, February 9th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, February 9th. Deluxe’s dividend payout ratio is 63.83%.

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.