Fifth Third Bancorp Has $1.76 Million Stock Position in Deluxe Corporation $DLX

Fifth Third Bancorp boosted its position in shares of Deluxe Corporation (NYSE:DLX) by 138.8% in the 1st quarter, HoldingsChannel reports. The firm owned 63,910 shares of the business services provider’s stock after buying an additional 37,152 shares during the period. Fifth Third Bancorp’s holdings in Deluxe were worth $1,760,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. raised its stake in shares of Deluxe by 3,597.9% in the fourth quarter. UMB Bank n.a. now owns 1,738 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 1,691 shares during the last quarter. Strs Ohio bought a new position in Deluxe in the 1st quarter valued at $30,000. Raymond James Financial Inc. acquired a new position in Deluxe in the second quarter worth $31,000. TD Waterhouse Canada Inc. bought a new stake in shares of Deluxe during the fourth quarter worth $45,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on DLX shares. Weiss Ratings downgraded shares of Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Wall Street Zen raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Finally, Zacks Research cut shares of Deluxe from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Deluxe Trading Up 0.7%

DLX opened at $26.02 on Thursday. The firm’s fifty day moving average is $23.94 and its two-hundred day moving average is $25.85. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.05 and a current ratio of 1.15. The firm has a market cap of $1.19 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 0.65 and a beta of 1.24. Deluxe Corporation has a twelve month low of $15.41 and a twelve month high of $32.07.

Deluxe (NYSE:DLX) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $534.97 million. During the same period in the prior year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. Equities research analysts anticipate that Deluxe Corporation will post 3.3 EPS for the current year.

Deluxe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Deluxe’s payout ratio is currently 51.28%.

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.