Deluxe (NYSE:DLX) Raised to “Strong-Buy” at Barrington Research

Deluxe (NYSE:DLX) was upgraded by equities researchers at Barrington Research to a “strong-buy” rating in a research report issued on Tuesday, Zacks reports.

A number of other research analysts have also weighed in on DLX. Weiss Ratings lowered Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Wall Street Zen lowered Deluxe from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Deluxe Stock Performance

NYSE:DLX opened at $23.53 on Tuesday. The firm has a 50 day simple moving average of $24.46 and a 200-day simple moving average of $25.35. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.20 and a quick ratio of 1.08. The firm has a market cap of $1.08 billion, a PE ratio of 10.46, a P/E/G ratio of 0.58 and a beta of 1.25. Deluxe has a 1-year low of $17.76 and a 1-year high of $32.07.

Deluxe (NYSE:DLX) last announced its quarterly earnings data on Wednesday, August 5th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.06. Deluxe had a net margin of 4.91% and a return on equity of 23.51%. The business had revenue of $499.30 million for the quarter, compared to the consensus estimate of $486.30 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts expect that Deluxe will post 3.41 EPS for the current year.

Institutional Trading of Deluxe

A number of institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in Deluxe by 33.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider’s stock worth $49,000 after purchasing an additional 552 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in Deluxe by 3.3% during the first quarter. Illinois Municipal Retirement Fund now owns 23,291 shares of the business services provider’s stock valued at $641,000 after purchasing an additional 752 shares during the period. Ipsen Advisor Group LLC grew its holdings in shares of Deluxe by 3.5% in the 4th quarter. Ipsen Advisor Group LLC now owns 30,716 shares of the business services provider’s stock valued at $686,000 after buying an additional 1,033 shares during the period. First Trust Advisors LP raised its position in shares of Deluxe by 0.8% during the first quarter. First Trust Advisors LP now owns 147,896 shares of the business services provider’s stock worth $4,073,000 after purchasing an additional 1,220 shares during the period. Finally, Hudson Portfolio Management LLC lifted its holdings in shares of Deluxe by 5.1% during the 4th quarter. Hudson Portfolio Management LLC now owns 26,590 shares of the business services provider’s stock valued at $594,000 after purchasing an additional 1,300 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Deluxe Company Profile

Deluxe Corporation (NYSE: DLX) is a provider of business services and financial technology solutions for small businesses, financial institutions, consumers and nonprofit organizations. The company is best known for producing personalized checks and business forms, but has expanded its offerings to include marketing, payments and data-driven business services.

Deluxe’s products and services include printed checks and forms, promotional products, logo and website design, email and social media marketing, search engine optimization, and other solutions intended to help businesses attract and retain customers.