Deluxe Corporation (NYSE:DLX) Given Average Rating of “Buy” by Brokerages

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

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

Deluxe Stock Performance

Deluxe stock opened at $28.00 on Thursday. The stock has a market cap of $1.26 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 0.65 and a beta of 1.33. 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 stock has a 50 day moving average of $26.94 and a 200-day moving average of $22.80. Deluxe has a 52 week low of $13.61 and a 52 week high of $28.60.

Deluxe Dividend Announcement

The company also recently disclosed 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 of this dividend was Monday, February 9th. Deluxe’s payout ratio is currently 63.83%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its position in shares of Deluxe by 0.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 86,657 shares of the business services provider’s stock worth $1,678,000 after acquiring an additional 488 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Deluxe by 33.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider’s stock worth $49,000 after purchasing an additional 552 shares during the last quarter. Kendall Capital Management lifted its stake in Deluxe by 2.8% during the third quarter. Kendall Capital Management now owns 28,886 shares of the business services provider’s stock worth $559,000 after purchasing an additional 790 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Deluxe by 8.4% in the second 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 purchasing an additional 892 shares during the period. Finally, Ipsen Advisor Group LLC boosted its holdings in Deluxe by 3.5% in the fourth quarter. Ipsen Advisor Group LLC now owns 30,716 shares of the business services provider’s stock worth $686,000 after purchasing an additional 1,033 shares during the period. Institutional investors own 93.90% of the company’s stock.

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.