Deluxe (NYSE:DLX) Reaches New 52-Week High – Here’s What Happened

Deluxe Corporation (NYSE:DLX)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $25.10 and last traded at $24.6580, with a volume of 345105 shares. The stock had previously closed at $24.27.

Analysts Set New Price Targets

DLX has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Deluxe from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deluxe in a report on Monday, December 29th. Finally, CJS Securities upgraded shares of Deluxe to a “hold” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Deluxe has an average rating of “Hold” and a consensus price target of $23.00.

Deluxe Price Performance

The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $1.10 billion, a P/E ratio of 13.34, a PEG ratio of 0.63 and a beta of 1.37. The business’s 50 day moving average is $22.10 and its 200-day moving average is $19.87.

Deluxe (NYSE:DLX) last released its quarterly earnings data on Wednesday, November 5th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. The business had revenue of $540.20 million for the quarter, compared to analyst estimates of $526.50 million. Deluxe had a return on equity of 22.42% and a net margin of 3.90%.Deluxe’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. Deluxe has set its FY 2025 guidance at 3.450-3.60 EPS. As a group, sell-side analysts predict that Deluxe Corporation will post 2.77 EPS for the current fiscal year.

Deluxe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Monday, November 17th. Deluxe’s dividend payout ratio is presently 65.57%.

Institutional Trading of Deluxe

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio bought a new stake in Deluxe in the first quarter valued at approximately $30,000. Raymond James Financial Inc. bought a new stake in shares of Deluxe during the second quarter worth about $31,000. TD Waterhouse Canada Inc. bought a new stake in Deluxe during the 4th quarter worth approximately $45,000. Hillsdale Investment Management Inc. grew its holdings in Deluxe by 227.8% during the third quarter. Hillsdale Investment Management Inc. now owns 2,950 shares of the business services provider’s stock worth $57,000 after buying an additional 2,050 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Deluxe by 110.6% in the 3rd quarter. Federated Hermes Inc. now owns 3,089 shares of the business services provider’s stock worth $60,000 after acquiring an additional 1,622 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.