Deluxe (NYSE:DLX) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Deluxe Corporation (NYSE:DLX)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.17 and traded as high as $27.24. Deluxe shares last traded at $26.8720, with a volume of 287,508 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on DLX. Weiss Ratings upgraded shares of Deluxe from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. CJS Securities raised shares of Deluxe to a “hold” rating in a report on Thursday, December 11th. Finally, Zacks Research raised shares of Deluxe from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $23.00.

Deluxe Stock Up 1.2%

The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.98 and a current ratio of 1.04. The firm has a market capitalization of $1.21 billion, a P/E ratio of 14.29, a P/E/G ratio of 0.63 and a beta of 1.37. The stock has a fifty day moving average price of $26.09 and a two-hundred day moving average price of $22.17.

Deluxe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Monday, February 9th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, February 9th. This represents a $1.20 annualized dividend and a yield of 4.5%. Deluxe’s dividend payout ratio is 63.83%.

Hedge Funds Weigh In On Deluxe

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Deluxe by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,955,732 shares of the business services provider’s stock worth $110,661,000 after buying an additional 35,030 shares during the period. State Street Corp increased its holdings in shares of Deluxe by 0.9% in the 4th quarter. State Street Corp now owns 2,915,349 shares of the business services provider’s stock worth $65,100,000 after acquiring an additional 25,202 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Deluxe by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,652,098 shares of the business services provider’s stock worth $59,223,000 after acquiring an additional 57,743 shares during the period. Deprince Race & Zollo Inc. lifted its position in Deluxe by 0.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,080,804 shares of the business services provider’s stock valued at $46,464,000 after purchasing an additional 8,823 shares during the last quarter. Finally, LSV Asset Management lifted its position in Deluxe by 6.2% in the 4th quarter. LSV Asset Management now owns 1,930,885 shares of the business services provider’s stock valued at $43,117,000 after purchasing an additional 113,026 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.