Deluxe (NYSE:DLX) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Deluxe Corporation (NYSE:DLX) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.48 and traded as high as $27.81. Deluxe shares last traded at $27.6790, with a volume of 312,043 shares changing hands.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Zacks Research upgraded Deluxe from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Weiss Ratings raised Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Finally, CJS Securities upgraded Deluxe to a “hold” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $23.00.

Deluxe Stock Up 1.5%

The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 2.08. The firm’s 50 day moving average price is $26.53 and its two-hundred day moving average price is $22.48. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 0.64 and a beta of 1.37.

Deluxe Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, February 9th. Deluxe’s payout ratio is 63.83%.

Institutional Trading of Deluxe

Hedge funds have recently made changes to their positions in the business. Strs Ohio bought a new position in shares of Deluxe during the 1st quarter worth approximately $30,000. Raymond James Financial Inc. acquired a new position in shares of Deluxe during the 2nd quarter worth approximately $31,000. UMB Bank n.a. raised its stake in Deluxe by 3,597.9% in the 4th quarter. UMB Bank n.a. now owns 1,738 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 1,691 shares during the period. TD Waterhouse Canada Inc. bought a new stake in Deluxe in the 4th quarter valued at $45,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Deluxe by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 552 shares during the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

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.