Deluxe (NYSE:DLX) Hits New 12-Month High – Here’s Why

Shares of Deluxe Corporation (NYSE:DLX) reached a new 52-week high on Wednesday . The company traded as high as $24.83 and last traded at $24.47, with a volume of 210302 shares changing hands. The stock had previously closed at $23.66.

Analyst Ratings Changes

A number of research firms recently commented on DLX. Wall Street Zen raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research note 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 Deluxe to a “hold” rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Deluxe presently has a consensus rating of “Hold” and a consensus price target of $23.00.

Deluxe Price Performance

The stock’s 50-day moving average price is $21.75 and its 200 day moving average price is $19.65. 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 price-to-earnings ratio of 13.39, a PEG ratio of 0.64 and a beta of 1.37.

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

Deluxe Dividend Announcement

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

Institutional Trading of Deluxe

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Deluxe by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,594,355 shares of the business services provider’s stock worth $50,226,000 after acquiring an additional 20,323 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Deluxe by 3.3% during the 2nd quarter. LSV Asset Management now owns 1,910,025 shares of the business services provider’s stock worth $30,388,000 after acquiring an additional 61,286 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Deluxe by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,061,173 shares of the business services provider’s stock valued at $16,885,000 after purchasing an additional 14,160 shares during the last quarter. Prudential Financial Inc. grew its position in Deluxe by 18.3% during the second quarter. Prudential Financial Inc. now owns 736,679 shares of the business services provider’s stock valued at $11,721,000 after acquiring an additional 113,886 shares during the period. Finally, Bridgeway Capital Management LLC increased its position in Deluxe by 0.7% during the 3rd quarter. Bridgeway Capital Management LLC now owns 639,198 shares of the business services provider’s stock worth $12,375,000 after purchasing an additional 4,751 shares in the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

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.