Deluxe Corporation (DLX) Given Consensus Rating of “” by Brokerages
Shares of Deluxe Corporation (NYSE:DLX) have been given a consensus broker rating score of 0.00 () from the zero analysts that provide coverage for the stock, Zacks Investment Research reports.
Zacks has also given Deluxe Corporation an industry rank of 238 out of 265 based on the ratings given to its competitors.
Several research analysts have recently issued reports on the stock. BidaskClub raised shares of Deluxe Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Deluxe Corporation from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Tuesday, May 2nd.
In related news, Director Ronald C. Baldwin sold 2,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.41, for a total value of $144,820.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John D. Filby sold 18,936 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $72.21, for a total transaction of $1,367,368.56. Following the completion of the sale, the vice president now owns 46,154 shares in the company, valued at $3,332,780.34. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in DLX. Nomura Holdings Inc. purchased a new stake in shares of Deluxe Corporation during the second quarter worth $239,000. Alpine Global Management LLC purchased a new stake in shares of Deluxe Corporation during the second quarter worth $204,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Deluxe Corporation during the second quarter worth $449,000. State Street Corp increased its stake in shares of Deluxe Corporation by 3.1% in the second quarter. State Street Corp now owns 1,647,025 shares of the business services provider’s stock worth $114,012,000 after buying an additional 48,849 shares in the last quarter. Finally, Dana Investment Advisors Inc. increased its stake in shares of Deluxe Corporation by 0.3% in the second quarter. Dana Investment Advisors Inc. now owns 145,819 shares of the business services provider’s stock worth $10,094,000 after buying an additional 368 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.
Deluxe Corporation (DLX) traded down 1.33% during mid-day trading on Tuesday, hitting $69.04. 55,558 shares of the company were exchanged. The stock has a market cap of $3.34 billion, a P/E ratio of 14.77 and a beta of 1.35. The company has a 50 day moving average of $70.13 and a 200 day moving average of $71.09. Deluxe Corporation has a 12-month low of $59.47 and a 12-month high of $75.94.
Deluxe Corporation (NYSE:DLX) last issued its earnings results on Thursday, July 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. The company had revenue of $485.20 million for the quarter, compared to analyst estimates of $479.42 million. Deluxe Corporation had a net margin of 11.98% and a return on equity of 27.83%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. On average, equities research analysts expect that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.72%. Deluxe Corporation’s dividend payout ratio is 25.64%.
Deluxe Corporation Company Profile
Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Deluxe Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.