Analysts Set Deluxe Corporation (NYSE:DLX) Price Target at $23.00

Shares of Deluxe Corporation (NYSE:DLX) have earned an average rating of “Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $23.00.

Several research firms have recently weighed in on DLX. Wall Street Zen raised Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. CJS Securities upgraded shares of Deluxe to a “hold” rating in a research note on Thursday, December 11th. Zacks Research raised shares of Deluxe from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings upgraded shares of Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th.

Institutional Trading of Deluxe

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in Deluxe by 25.6% during the 1st quarter. Royal Bank of Canada now owns 505,810 shares of the business services provider’s stock worth $7,996,000 after acquiring an additional 102,948 shares during the last quarter. AQR Capital Management LLC grew its stake in Deluxe by 10.0% in the first quarter. AQR Capital Management LLC now owns 272,134 shares of the business services provider’s stock valued at $4,302,000 after acquiring an additional 24,660 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Deluxe by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,260 shares of the business services provider’s stock worth $415,000 after purchasing an additional 1,072 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Deluxe by 9.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 110,736 shares of the business services provider’s stock worth $1,751,000 after acquiring an additional 10,017 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Deluxe in the 1st quarter valued at about $30,000. Institutional investors own 93.90% of the company’s stock.

Deluxe Price Performance

Shares of NYSE:DLX opened at $27.98 on Friday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.66 and a beta of 1.37. The business has a 50 day moving average price of $25.18 and a 200 day moving average price of $21.67. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. Deluxe has a twelve month low of $13.61 and a twelve month high of $28.60.

Deluxe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Monday, February 9th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. Deluxe’s dividend payout ratio (DPR) is 63.83%.

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.