Deluxe Corp. (DLX) Rating Lowered to Hold at Zacks Investment Research
Deluxe Corp. (NYSE:DLX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Deluxe Corporation, through its industry-leading businesses and brands, helps financial institutions and small businesses better manage, promote, and grow their businesses. The Company uses direct marketing, distributors, and a North American sales force to provide a wide range of customized products and services: personalized printed items checks, forms, business cards, stationery, greeting cards, labels, and retail/packaging supplies, promotional products and merchandising materials, fraud prevention services, and customer retention programs. The Company also sells personalized checks and accessories directly to consumers. “
Deluxe Corp. (NYSE:DLX) opened at 68.15 on Tuesday. Deluxe Corp. has a 1-year low of $49.46 and a 1-year high of $70.26. The stock has a 50 day moving average price of $67.99 and a 200-day moving average price of $64.94. The stock has a market capitalization of $3.32 billion, a P/E ratio of 14.52 and a beta of 1.47.
Deluxe Corp. (NYSE:DLX) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. The firm earned $450.60 million during the quarter, compared to analyst estimates of $450.56 million. Deluxe Corp. had a return on equity of 31.19% and a net margin of 12.86%. Deluxe Corp.’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 earnings per share. Equities research analysts expect that Deluxe Corp. will post $4.93 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.76%. Deluxe Corp.’s dividend payout ratio is currently 25.59%.
In other Deluxe Corp. news, Director Neil Metviner sold 8,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $69.23, for a total transaction of $553,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in Deluxe Corp. by 1,943.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,309 shares of the company’s stock worth $153,000 after buying an additional 2,196 shares in the last quarter. LS Investment Advisors LLC raised its stake in Deluxe Corp. by 74.1% in the second quarter. LS Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $200,000 after buying an additional 1,285 shares in the last quarter. BB&T Securities LLC bought a new stake in Deluxe Corp. during the second quarter worth $201,000. Huntington National Bank raised its stake in Deluxe Corp. by 57.2% in the second quarter. Huntington National Bank now owns 3,076 shares of the company’s stock worth $204,000 after buying an additional 1,119 shares in the last quarter. Finally, Aull & Monroe Investment Management Corp bought a new stake in Deluxe Corp. during the second quarter worth $204,000. Institutional investors own 90.57% of the company’s stock.
Deluxe Corp. Company Profile
Deluxe Corporation provides payment solutions. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. Its Small Business Services segment offers services for marketing needs of small businesses, including Web design, hosting and other Web services; search engine optimization; marketing services, including e-mail, mobile, social media and other self-service marketing solutions; digital printing services, and logo design.
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