Lazard Asset Management LLC Grows Position in Deluxe Corporation $DLX

Lazard Asset Management LLC lifted its position in shares of Deluxe Corporation (NYSE:DLX) by 14.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,693 shares of the business services provider’s stock after purchasing an additional 20,573 shares during the quarter. Lazard Asset Management LLC owned 0.36% of Deluxe worth $4,536,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Strs Ohio acquired a new position in shares of Deluxe in the 1st quarter valued at $30,000. Raymond James Financial Inc. acquired a new stake in Deluxe during the second quarter valued at $31,000. UMB Bank n.a. increased its holdings in Deluxe by 3,597.9% in the fourth quarter. UMB Bank n.a. now owns 1,738 shares of the business services provider’s stock valued at $39,000 after buying an additional 1,691 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in Deluxe in the fourth quarter valued at $45,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Deluxe by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider’s stock valued at $49,000 after buying an additional 552 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DLX shares. Zacks Research lowered shares of Deluxe from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen upgraded Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings lowered Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Deluxe Price Performance

Shares of Deluxe stock opened at $25.87 on Friday. The business has a 50 day simple moving average of $24.34 and a two-hundred day simple moving average of $26.02. Deluxe Corporation has a 12 month low of $15.41 and a 12 month high of $32.07. The stock has a market capitalization of $1.18 billion, a P/E ratio of 11.05, a PEG ratio of 0.66 and a beta of 1.24. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.15 and a quick ratio of 1.05.

Deluxe (NYSE:DLX) last released its earnings results on Wednesday, May 6th. The business services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.14. Deluxe had a return on equity of 24.11% and a net margin of 5.01%.The business had revenue of $538.10 million for the quarter, compared to the consensus estimate of $534.97 million. During the same quarter last year, the business posted $0.75 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. As a group, analysts predict that Deluxe Corporation will post 3.3 EPS for the current fiscal year.

Deluxe Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Deluxe’s payout ratio is 51.28%.

Deluxe 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.