Deluxe Corp. (NYSE:DLX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Deluxe Corporation, through its industry-leading businesses and brands, helps financial institutions and small businesses better manage, promote, and grow their businesses. The Company uses direct marketing, distributors, and a North American sales force to provide a wide range of customized products and services: personalized printed items checks, forms, business cards, stationery, greeting cards, labels, and retail/packaging supplies, promotional products and merchandising materials, fraud prevention services, and customer retention programs. The Company also sells personalized checks and accessories directly to consumers. “
Shares of Deluxe Corp. (NYSE:DLX) traded down 0.07% during trading on Tuesday, hitting $66.88. The company had a trading volume of 430,886 shares. Deluxe Corp. has a 12-month low of $49.46 and a 12-month high of $70.26. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 14.24 and a beta of 1.47. The stock has a 50-day moving average of $67.98 and a 200 day moving average of $64.91.
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Deluxe Corp. (NYSE:DLX) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.02. The business had revenue of $450.60 million for the quarter, compared to analyst estimates of $450.56 million. Deluxe Corp. had a return on equity of 31.19% and a net margin of 12.86%. Deluxe Corp.’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. On average, analysts predict that Deluxe Corp. will post $4.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, August 18th. Deluxe Corp.’s dividend payout ratio (DPR) is presently 25.59%.
In related news, Director Neil Metviner sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $69.23, for a total value of $553,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.90% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services Inc raised its stake in shares of Deluxe Corp. by 0.4% in the first quarter. Commonwealth Equity Services Inc now owns 6,758 shares of the company’s stock worth $422,000 after buying an additional 27 shares during the last quarter. BlackRock Advisors LLC raised its stake in shares of Deluxe Corp. by 0.3% in the second quarter. BlackRock Advisors LLC now owns 22,987 shares of the company’s stock worth $1,526,000 after buying an additional 58 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of Deluxe Corp. by 0.5% in the second quarter. State Treasurer State of Michigan now owns 19,662 shares of the company’s stock worth $1,305,000 after buying an additional 100 shares during the last quarter. Aviance Capital Management LLC raised its stake in shares of Deluxe Corp. by 1.9% in the second quarter. Aviance Capital Management LLC now owns 5,648 shares of the company’s stock worth $375,000 after buying an additional 107 shares during the last quarter. Finally, Hancock Holding Co. raised its stake in shares of Deluxe Corp. by 0.8% in the second quarter. Hancock Holding Co. now owns 14,231 shares of the company’s stock worth $945,000 after buying an additional 107 shares during the last quarter. 90.57% of the stock is currently owned by institutional investors and hedge funds.
Deluxe Corp. Company Profile
Deluxe Corporation provides payment solutions. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. Its Small Business Services segment offers services for marketing needs of small businesses, including Web design, hosting and other Web services; search engine optimization; marketing services, including e-mail, mobile, social media and other self-service marketing solutions; digital printing services, and logo design.
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