Y Intercept Hong Kong Ltd Takes $734,000 Position in Deluxe Corporation $DLX

Y Intercept Hong Kong Ltd bought a new stake in Deluxe Corporation (NYSE:DLX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 37,901 shares of the business services provider’s stock, valued at approximately $734,000.

Several other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Deluxe by 25.6% in the 1st quarter. Royal Bank of Canada now owns 505,810 shares of the business services provider’s stock worth $7,996,000 after purchasing an additional 102,948 shares during the period. AQR Capital Management LLC increased its stake in shares of Deluxe by 10.0% in the first quarter. AQR Capital Management LLC now owns 272,134 shares of the business services provider’s stock worth $4,302,000 after buying an additional 24,660 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Deluxe by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,260 shares of the business services provider’s stock valued at $415,000 after buying an additional 1,072 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Deluxe by 9.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 110,736 shares of the business services provider’s stock valued at $1,751,000 after buying an additional 10,017 shares during the period. Finally, Strs Ohio purchased a new stake in Deluxe during the 1st quarter valued at $30,000. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DLX. CJS Securities upgraded shares of Deluxe to a “hold” rating in a research report on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Deluxe in a report on Monday, December 29th. Finally, Wall Street Zen raised Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Deluxe currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Deluxe Price Performance

DLX stock opened at $27.87 on Tuesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.00 and a quick ratio of 0.91. Deluxe Corporation has a 1 year low of $13.61 and a 1 year high of $28.24. The firm has a 50-day moving average of $22.78 and a 200 day moving average of $20.21. The company has a market cap of $1.25 billion, a P/E ratio of 14.82, a PEG ratio of 0.69 and a beta of 1.40.

Deluxe (NYSE:DLX) last posted its quarterly earnings data on Wednesday, January 28th. The business services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.14. Deluxe had a return on equity of 22.62% and a net margin of 3.99%.The business had revenue of $535.30 million for the quarter, compared to analysts’ expectations of $517.40 million. During the same period in the previous year, the firm posted $0.84 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Deluxe has set its FY 2026 guidance at 3.900-4.300 EPS. On average, sell-side analysts forecast that Deluxe Corporation will post 2.77 EPS for the current year.

Deluxe Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 23rd. Investors of record on Monday, February 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, February 9th. Deluxe’s dividend payout ratio is presently 63.83%.

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.