Deluxe (NYSE:DLX) Raised to “Strong-Buy” at Wall Street Zen

Deluxe (NYSE:DLX) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Other research analysts have also recently issued research reports about the company. Zacks Research cut Deluxe from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Weiss Ratings raised Deluxe from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Deluxe Stock Up 1.2%

Shares of NYSE DLX opened at $23.21 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.05 and a current ratio of 1.15. Deluxe has a 52 week low of $14.59 and a 52 week high of $32.07. The stock has a market capitalization of $1.06 billion, a P/E ratio of 9.92, a PEG ratio of 0.58 and a beta of 1.25. The stock’s fifty day moving average is $26.78 and its 200 day moving average is $25.17.

Deluxe (NYSE:DLX) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. Deluxe had a return on equity of 24.11% and a net margin of 5.01%.The company had revenue of $538.10 million for the quarter, compared to analysts’ expectations of $534.97 million. During the same quarter last year, the business earned $0.75 earnings per share. Deluxe’s revenue was up .3% on a year-over-year basis. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. Sell-side analysts forecast that Deluxe will post 3.3 earnings per share for the current fiscal year.

Institutional Trading of Deluxe

A number of hedge funds have recently made changes to their positions in DLX. Strs Ohio acquired a new stake in shares of Deluxe during the first quarter valued at about $30,000. Raymond James Financial Inc. acquired a new stake in shares of Deluxe during the second quarter valued at about $31,000. UMB Bank n.a. boosted 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 valued at $39,000 after purchasing an additional 1,691 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Deluxe during the fourth quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Deluxe by 33.9% during the fourth 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 in 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.