Deluxe (NYSE:DLX) Stock Passes Above 200 Day Moving Average – What’s Next?

Deluxe Corporation (NYSE:DLX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.17 and traded as high as $23.14. Deluxe shares last traded at $23.0930, with a volume of 275,644 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DLX. CJS Securities upgraded Deluxe to a “hold” rating in a report on Thursday, December 11th. Wall Street Zen raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Deluxe in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.00.

Deluxe Stock Performance

The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.58 and a beta of 1.37. The stock’s fifty day moving average is $21.04 and its two-hundred day moving average is $19.17. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.91 and a current ratio of 0.99.

Deluxe (NYSE:DLX) last posted its earnings results on Wednesday, March 23rd. The business services provider reported $1.38 earnings per share (EPS) for the quarter. Deluxe had a net margin of 3.90% and a return on equity of 22.42%. The firm had revenue of $454.49 million during the quarter. Deluxe has set its FY 2025 guidance at 3.450-3.60 EPS. On average, analysts expect that Deluxe Corporation will post 2.77 earnings per share for the current fiscal year.

Deluxe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Monday, November 17th. Deluxe’s dividend payout ratio is 65.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. lifted its holdings in Deluxe by 18.3% in the second quarter. Prudential Financial Inc. now owns 736,679 shares of the business services provider’s stock worth $11,721,000 after purchasing an additional 113,886 shares during the period. Voya Investment Management LLC increased its stake in Deluxe by 130.7% during the 1st quarter. Voya Investment Management LLC now owns 83,569 shares of the business services provider’s stock valued at $1,321,000 after buying an additional 47,345 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Deluxe during the 2nd quarter worth about $1,577,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Deluxe in the 1st quarter worth approximately $325,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Deluxe in the 2nd quarter worth approximately $326,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

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.