Deluxe (NYSE:DLX) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Deluxe Corporation (NYSE:DLX) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.17 and traded as high as $27.24. Deluxe shares last traded at $26.8720, with a volume of 287,508 shares changing hands.

Wall Street Analysts Forecast Growth

DLX has been the subject of several analyst reports. Zacks Research upgraded shares of Deluxe from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. CJS Securities upgraded shares of Deluxe to a “hold” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings upgraded Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $23.00.

Deluxe Price Performance

The company has a market cap of $1.18 billion, a P/E ratio of 13.94, a PEG ratio of 0.63 and a beta of 1.37. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 0.98. The company has a fifty day simple moving average of $26.26 and a 200-day simple moving average of $22.25.

Deluxe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Monday, February 9th were paid a $0.30 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.6%. Deluxe’s payout ratio is 63.83%.

Institutional Trading of Deluxe

Large investors have recently modified their holdings of the company. Strs Ohio bought a new position in Deluxe during the first quarter worth $30,000. Raymond James Financial Inc. acquired a new stake in shares of Deluxe during the 2nd quarter worth about $31,000. UMB Bank n.a. boosted its holdings in shares of Deluxe by 3,597.9% in the 4th quarter. UMB Bank n.a. now owns 1,738 shares of the business services provider’s stock worth $39,000 after acquiring an additional 1,691 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in Deluxe in the fourth quarter worth $45,000. Finally, EverSource Wealth Advisors LLC lifted its position in Deluxe by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider’s stock worth $49,000 after buying an additional 552 shares in the last quarter. 93.90% of the stock is owned by 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.