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

Deluxe Corporation (NYSE:DLX)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.48 and traded as high as $27.81. Deluxe shares last traded at $27.6790, with a volume of 312,043 shares traded.

Analyst Ratings Changes

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

Deluxe Price Performance

The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 0.64 and a beta of 1.37. The company has a 50 day simple moving average of $26.53 and a 200-day simple moving average of $22.48. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 2.08.

Deluxe Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Monday, February 9th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. Deluxe’s dividend payout ratio is 63.83%.

Institutional Trading of Deluxe

A number of hedge funds and other institutional investors have recently made changes to their positions in DLX. Strs Ohio acquired a new position in Deluxe during the first quarter worth $30,000. Raymond James Financial Inc. acquired a new stake in Deluxe in the 2nd quarter valued at $31,000. UMB Bank n.a. lifted its position in Deluxe by 3,597.9% during the 4th quarter. UMB Bank n.a. now owns 1,738 shares of the business services provider’s stock worth $39,000 after buying an additional 1,691 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Deluxe during the 4th quarter worth about $45,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Deluxe by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider’s stock worth $49,000 after buying an additional 552 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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.