Deluxe (NYSE:DLX – Get Free Report) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
A number of other analysts have also recently weighed in on the stock. Cowen reaffirmed a “buy” rating on shares of Deluxe in a research report on Thursday. TD Securities decreased their price target on shares of Deluxe from $33.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, May 1st.
Read Our Latest Stock Report on Deluxe
Deluxe Stock Down 0.3%
Deluxe (NYSE:DLX – Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.17. Deluxe had a net margin of 2.75% and a return on equity of 21.12%. The company had revenue of $521.30 million during the quarter, compared to analysts’ expectations of $526.93 million. During the same period in the previous year, the company earned $0.86 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, analysts anticipate that Deluxe will post 2.77 EPS for the current year.
Hedge Funds Weigh In On Deluxe
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Deluxe by 1,067.0% in the 1st quarter. GAMMA Investing LLC now owns 2,229 shares of the business services provider’s stock valued at $35,000 after buying an additional 2,038 shares during the last quarter. Principal Financial Group Inc. boosted its position in Deluxe by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 220,472 shares of the business services provider’s stock valued at $3,486,000 after buying an additional 5,782 shares during the last quarter. Invesco Ltd. boosted its position in Deluxe by 6.8% in the 4th quarter. Invesco Ltd. now owns 766,490 shares of the business services provider’s stock valued at $17,315,000 after buying an additional 49,104 shares during the last quarter. LSV Asset Management boosted its position in Deluxe by 1.7% in the 1st quarter. LSV Asset Management now owns 1,848,739 shares of the business services provider’s stock valued at $29,229,000 after buying an additional 30,608 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Deluxe by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,188 shares of the business services provider’s stock valued at $569,000 after buying an additional 835 shares during the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.
Deluxe Company Profile
Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.
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