Deluxe (NYSE:DLX) Hits New 52-Week High – Here’s What Happened

Deluxe Corporation (NYSE:DLX) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.99 and last traded at $23.7250, with a volume of 21920 shares. The stock had previously closed at $23.65.

Wall Street Analyst Weigh In

DLX has been the subject of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Deluxe in a research report on Monday, December 29th. CJS Securities upgraded shares of Deluxe to a “hold” rating in a research note on Thursday, December 11th. Finally, Wall Street Zen raised Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. 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 currently has a consensus rating of “Hold” and an average price target of $23.00.

Deluxe Trading Down 0.0%

The business’s 50-day simple moving average is $21.36 and its 200-day simple moving average is $19.39. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.91 and a current ratio of 0.99. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 0.61 and a beta of 1.37.

Deluxe (NYSE:DLX) last posted its earnings results on Wednesday, November 5th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. The firm had revenue of $540.20 million for the quarter, compared to analyst estimates of $526.50 million. Deluxe had a return on equity of 22.42% and a net margin of 3.90%.The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. Deluxe has set its FY 2025 guidance at 3.450-3.60 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Monday, November 17th. Deluxe’s dividend payout ratio (DPR) is 65.57%.

Hedge Funds Weigh In On Deluxe

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of Deluxe by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,594,355 shares of the business services provider’s stock valued at $50,226,000 after purchasing an additional 20,323 shares during the period. LSV Asset Management increased its stake in Deluxe by 3.3% in the second quarter. LSV Asset Management now owns 1,910,025 shares of the business services provider’s stock valued at $30,388,000 after purchasing an additional 61,286 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Deluxe by 1.4% in the second quarter. Geode Capital Management LLC now owns 1,061,173 shares of the business services provider’s stock worth $16,885,000 after acquiring an additional 14,160 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of 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 in the last quarter. Finally, Bridgeway Capital Management LLC raised its position in shares of Deluxe by 0.7% during the third 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 during the period. Institutional investors own 93.90% of the company’s stock.

About Deluxe

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.