Deluxe Co. (DLX) Receives Average Recommendation of “Hold” from Analysts

Shares of Deluxe Co. (NYSE:DLX) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokers have set a twelve-month consensus price objective of $40.00 for the company, according to Zacks. Zacks has also given Deluxe an industry rank of 26 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded Deluxe from a “sell” rating to a “hold” rating in a report on Monday, January 14th.

Hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in Deluxe in the fourth quarter valued at approximately $23,643,000. Two Sigma Investments LP grew its stake in Deluxe by 219.4% in the fourth quarter. Two Sigma Investments LP now owns 401,225 shares of the business services provider’s stock valued at $15,423,000 after acquiring an additional 275,599 shares during the period. D. E. Shaw & Co. Inc. grew its stake in Deluxe by 466.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 268,531 shares of the business services provider’s stock valued at $10,322,000 after acquiring an additional 221,130 shares during the period. Millennium Management LLC grew its stake in Deluxe by 817.4% in the fourth quarter. Millennium Management LLC now owns 245,522 shares of the business services provider’s stock valued at $9,438,000 after acquiring an additional 218,759 shares during the period. Finally, Seizert Capital Partners LLC grew its stake in Deluxe by 49.0% in the fourth quarter. Seizert Capital Partners LLC now owns 468,633 shares of the business services provider’s stock valued at $18,014,000 after acquiring an additional 154,168 shares during the period. Institutional investors and hedge funds own 91.04% of the company’s stock.

DLX stock traded down $0.77 during mid-day trading on Wednesday, reaching $43.95. The company’s stock had a trading volume of 222,836 shares, compared to its average volume of 396,647. The company has a market cap of $1.93 billion, a P/E ratio of 7.72 and a beta of 1.34. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.03 and a current ratio of 1.21. Deluxe has a 12 month low of $36.70 and a 12 month high of $71.81.

Deluxe (NYSE:DLX) last issued its earnings results on Thursday, April 25th. The business services provider reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.44. The business had revenue of $499.10 million during the quarter, compared to the consensus estimate of $497.17 million. Deluxe had a return on equity of 27.70% and a net margin of 6.67%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 earnings per share. On average, research analysts predict that Deluxe will post 6.8 earnings per share for the current year.

About Deluxe

Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.

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