Deluxe (NYSE:DLX) Sets New 1-Year High – Here’s What Happened

Shares of Deluxe Corporation (NYSE:DLX) reached a new 52-week high during trading on Tuesday . The stock traded as high as $30.98 and last traded at $30.76, with a volume of 21915 shares trading hands. The stock had previously closed at $30.56.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DLX shares. Zacks Research downgraded shares of Deluxe from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Weiss Ratings raised shares of Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Deluxe Price Performance

The stock’s fifty day moving average is $27.69 and its 200-day moving average is $23.78. The stock has a market capitalization of $1.35 billion, a PE ratio of 15.98, a P/E/G ratio of 0.71 and a beta of 1.33. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 0.98.

Deluxe Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Monday, February 9th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. Deluxe’s dividend payout ratio is 63.83%.

Institutional Trading of Deluxe

Hedge funds have recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in Deluxe during the first quarter worth $30,000. Raymond James Financial Inc. purchased a new stake in Deluxe during the second quarter worth $31,000. UMB Bank n.a. boosted its holdings in Deluxe by 3,597.9% during the fourth quarter. UMB Bank n.a. now owns 1,738 shares of the business services provider’s stock worth $39,000 after buying an additional 1,691 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Deluxe during the fourth quarter worth $45,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Deluxe by 33.9% during the fourth 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 hedge funds and other 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.