Deluxe Corporation (NYSE:DLX) Receives Consensus Recommendation of “Buy” from Brokerages

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

DLX has been the topic of a number of recent research reports. Weiss Ratings raised shares of Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Zacks Research raised shares of Deluxe from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, CJS Securities raised shares of Deluxe to a “hold” rating in a research note on Thursday, December 11th.

Deluxe Stock Up 0.8%

Shares of NYSE:DLX opened at $27.91 on Thursday. The stock has a 50-day simple moving average of $26.62 and a 200-day simple moving average of $22.52. The stock has a market capitalization of $1.26 billion, a P/E ratio of 14.85, a PEG ratio of 0.65 and a beta of 1.37. Deluxe has a 1 year low of $13.61 and a 1 year high of $28.60. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.98 and a current ratio of 1.04.

Deluxe Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DLX. UMB Bank n.a. lifted its stake in shares of Deluxe by 3,597.9% during the fourth quarter. UMB Bank n.a. now owns 1,738 shares of the business services provider’s stock worth $39,000 after purchasing an additional 1,691 shares in the last quarter. Strs Ohio acquired a new stake in shares of Deluxe in the first quarter valued at about $30,000. Raymond James Financial Inc. acquired a new stake in shares of Deluxe in the second quarter valued at about $31,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Deluxe during the 4th quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of 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 buying an additional 552 shares during the period. 93.90% of the stock is owned by hedge funds and other institutional investors.

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.