Deluxe (NYSE:DLX) Sets New 1-Year Low at $17.26

Deluxe Co. (NYSE:DLXGet Rating) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $17.26 and last traded at $17.86, with a volume of 5313 shares. The stock had previously closed at $17.48.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Cowen cut their price objective on Deluxe from $42.00 to $36.00 in a report on Friday, August 5th. Cowen cut their price objective on Deluxe from $42.00 to $36.00 in a report on Friday, August 5th.

Deluxe Price Performance

The stock has a market capitalization of $747.01 million, a PE ratio of 13.04 and a beta of 1.50. The business has a fifty day moving average price of $21.37 and a 200-day moving average price of $24.55. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 2.71.

Deluxe (NYSE:DLXGet Rating) last issued its earnings results on Thursday, August 4th. The business services provider reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.06). The company had revenue of $563.00 million for the quarter, compared to analysts’ expectations of $528.25 million. Deluxe had a net margin of 2.61% and a return on equity of 30.24%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 earnings per share.

Deluxe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were paid a dividend of $0.30 per share. The ex-dividend date was Friday, August 19th. This represents a $1.20 annualized dividend and a yield of 6.92%. Deluxe’s dividend payout ratio is 90.23%.

Hedge Funds Weigh In On Deluxe

Institutional investors and hedge funds have recently modified their holdings of the company. Captrust Financial Advisors lifted its position in Deluxe by 25.6% during the second quarter. Captrust Financial Advisors now owns 2,799 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 570 shares in the last quarter. KBC Group NV bought a new stake in shares of Deluxe in the second quarter worth about $78,000. PNC Financial Services Group Inc. increased its holdings in shares of Deluxe by 19.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,061 shares of the business services provider’s stock worth $93,000 after purchasing an additional 491 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Deluxe in the second quarter worth about $177,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Deluxe by 40.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,074 shares of the business services provider’s stock worth $184,000 after acquiring an additional 1,757 shares in the last quarter. 89.54% of the stock is currently owned by hedge funds and other institutional investors.

About Deluxe

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Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, Australia, South America, and Europe. It operates through four segments: Payments, Cloud Solutions, Promotional Solutions, and Checks. The company provides treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing, and paperless treasury management solutions, as well as payment exchange, and fraud and security services; web hosting and design services, data-driven marketing solutions and hosted solutions, such as digital engagement, logo design, financial institution profitability reporting, and business incorporation services.

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