Deluxe (NYSE:DLX) Shares Down 8% – What’s Next?

Deluxe Corporation (NYSE:DLX)’s stock price fell 8% on Wednesday . The stock traded as low as $23.31 and last traded at $23.2960. Approximately 473,170 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 462,393 shares. The stock had previously closed at $25.31.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen cut shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research cut shares of Deluxe from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Deluxe in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Deluxe presently has an average rating of “Moderate Buy”.

Deluxe Stock Performance

The firm’s 50 day moving average is $28.10 and its 200-day moving average is $24.68. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.61 and a beta of 1.33. 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 (NYSE:DLX) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.91 by $0.14. Deluxe had a net margin of 5.01% and a return on equity of 24.11%. The company had revenue of $538.10 million for the quarter, compared to analyst estimates of $534.97 million. During the same quarter last year, the business earned $0.75 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. Analysts forecast that Deluxe Corporation will post 3.54 earnings per share for the current fiscal year.

Deluxe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 19th. This represents a $1.20 dividend on an annualized basis and a yield of 5.2%. Deluxe’s dividend payout ratio is currently 51.28%.

Institutional Trading of Deluxe

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Deluxe by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,955,732 shares of the business services provider’s stock worth $110,661,000 after buying an additional 35,030 shares during the period. State Street Corp grew its stake in Deluxe by 0.9% in the 4th quarter. State Street Corp now owns 2,915,349 shares of the business services provider’s stock valued at $65,100,000 after acquiring an additional 25,202 shares during the period. Dimensional Fund Advisors LP increased its holdings in Deluxe by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,753,203 shares of the business services provider’s stock worth $75,823,000 after acquiring an additional 101,105 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in Deluxe by 0.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,080,804 shares of the business services provider’s stock worth $46,464,000 after acquiring an additional 8,823 shares in the last quarter. Finally, LSV Asset Management raised its position in Deluxe by 6.2% during the fourth quarter. LSV Asset Management now owns 1,930,885 shares of the business services provider’s stock worth $43,117,000 after acquiring an additional 113,026 shares during the period. 93.90% of the stock is currently 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.