SG Americas Securities LLC Invests $512,000 in Deluxe Corporation $DLX

SG Americas Securities LLC acquired a new stake in shares of Deluxe Corporation (NYSE:DLX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 26,460 shares of the business services provider’s stock, valued at approximately $512,000. SG Americas Securities LLC owned approximately 0.06% of Deluxe at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DLX. Strs Ohio acquired a new stake in Deluxe during the 1st quarter worth approximately $30,000. Raymond James Financial Inc. bought a new stake in shares of Deluxe during the second quarter worth $31,000. Tower Research Capital LLC TRC raised its holdings in shares of Deluxe by 476.6% during the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the business services provider’s stock worth $130,000 after acquiring an additional 6,735 shares during the period. iSAM Funds UK Ltd bought a new stake in Deluxe in the 2nd quarter valued at $168,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in Deluxe by 18.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,747 shares of the business services provider’s stock worth $171,000 after purchasing an additional 1,693 shares during the period. 93.90% of the stock is owned by institutional investors.

Deluxe Price Performance

NYSE:DLX opened at $24.29 on Friday. Deluxe Corporation has a 52-week low of $13.61 and a 52-week high of $25.10. The company has a market cap of $1.09 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.64 and a beta of 1.37. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.91 and a current ratio of 0.99. The stock’s 50-day simple moving average is $22.00 and its 200 day simple moving average is $19.78.

Deluxe (NYSE:DLX) last posted its quarterly earnings results on Wednesday, November 5th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. Deluxe had a return on equity of 22.42% and a net margin of 3.90%.The firm had revenue of $540.20 million during the quarter, compared to the consensus estimate of $526.50 million. During the same period last year, the company earned $0.84 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Deluxe has set its FY 2025 guidance at 3.450-3.60 EPS. As a group, sell-side analysts forecast that Deluxe Corporation will post 2.77 EPS for the current fiscal year.

Deluxe Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a $0.30 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.20 dividend on an annualized basis and a yield of 4.9%. Deluxe’s dividend payout ratio (DPR) is currently 65.57%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DLX shares. CJS Securities raised Deluxe to a “hold” rating in a research note on Thursday, December 11th. Wall Street Zen raised Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Deluxe in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $23.00.

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.