Deluxe Corporation (NYSE:DLX) Receives Consensus Rating of “Hold” from Brokerages

Shares of Deluxe Corporation (NYSE:DLX) have received an average rating of “Hold” from the five research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $23.00.

Several brokerages recently issued reports on DLX. CJS Securities raised shares of Deluxe to a “hold” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Deluxe in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th.

Hedge Funds Weigh In On Deluxe

Large investors have recently modified their holdings of the company. Prudential Financial Inc. boosted its position in shares of Deluxe by 18.3% during the second quarter. Prudential Financial Inc. now owns 736,679 shares of the business services provider’s stock valued at $11,721,000 after buying an additional 113,886 shares during the last quarter. Voya Investment Management LLC lifted 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 acquiring an additional 47,345 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Deluxe in the 2nd quarter worth $1,577,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Deluxe in the 1st quarter worth $325,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Deluxe in the second quarter valued at about $326,000. 93.90% of the stock is currently owned by institutional investors.

Deluxe Stock Up 1.5%

Shares of NYSE:DLX opened at $23.47 on Friday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 0.60 and a beta of 1.37. The business’s 50-day moving average is $21.15 and its 200-day moving average is $19.23. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.99 and a quick ratio of 0.91. Deluxe has a 1 year low of $13.61 and a 1 year high of $23.87.

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

Deluxe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Monday, November 17th. Deluxe’s dividend payout ratio (DPR) is 65.57%.

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.