Deprince Race & Zollo Inc. Sells 104,955 Shares of Deluxe Corporation $DLX

Deprince Race & Zollo Inc. cut its stake in shares of Deluxe Corporation (NYSE:DLX) by 5.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,975,849 shares of the business services provider’s stock after selling 104,955 shares during the quarter. Deluxe accounts for about 1.0% of Deprince Race & Zollo Inc.’s portfolio, making the stock its 24th largest position. Deprince Race & Zollo Inc. owned about 4.38% of Deluxe worth $54,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DLX. EverSource Wealth Advisors LLC lifted 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 grew its position in shares of Deluxe by 2.8% during the 3rd quarter. Kendall Capital Management now owns 28,886 shares of the business services provider’s stock worth $559,000 after buying an additional 790 shares during the period. Ipsen Advisor Group LLC grew its position 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 buying an additional 1,033 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Deluxe by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,260 shares of the business services provider’s stock valued at $415,000 after acquiring an additional 1,072 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Deluxe by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 50,331 shares of the business services provider’s stock valued at $1,124,000 after acquiring an additional 1,189 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DLX. Wall Street Zen raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Zacks Research downgraded shares of Deluxe from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Weiss Ratings lowered shares of Deluxe from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Deluxe Trading Up 3.3%

NYSE DLX opened at $24.67 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.15 and a debt-to-equity ratio of 1.98. Deluxe Corporation has a 52 week low of $15.41 and a 52 week high of $32.07. The business has a 50 day moving average price of $24.97 and a 200-day moving average price of $25.58. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 0.60 and a beta of 1.24.

Deluxe (NYSE:DLX) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. The business had revenue of $538.10 million during the quarter, compared to the consensus estimate of $534.97 million. Deluxe had a net margin of 5.01% and a return on equity of 24.11%. Deluxe’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 EPS. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. As a group, equities analysts expect that Deluxe Corporation will post 3.3 earnings per share for the current fiscal year.

Deluxe Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.20 annualized dividend and a dividend yield of 4.9%. Deluxe’s payout ratio is presently 51.28%.

Deluxe 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.