Shares of Deluxe Corp. (NYSE:DLX) have earned an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating. Deluxe Corp.’s rating score has declined by 33.3% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus price target of $78.00 for the company and are forecasting that the company will post $1.21 EPS for the current quarter, according to Zacks. Zacks has also given Deluxe Corp. an industry rank of 237 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Deluxe Corp. from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Tuesday, August 2nd.
Shares of Deluxe Corp. (NYSE:DLX) opened at 66.82 on Tuesday. The stock has a 50 day moving average of $67.91 and a 200 day moving average of $65.31. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 14.23 and a beta of 1.47. Deluxe Corp. has a 1-year low of $49.46 and a 1-year high of $70.26.
Deluxe Corp. (NYSE:DLX) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. Deluxe Corp. had a return on equity of 31.19% and a net margin of 12.86%. The company earned $450.60 million during the quarter, compared to analyst estimates of $450.56 million. During the same quarter last year, the firm posted $1.13 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts forecast that Deluxe Corp. will post $4.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, August 18th. Deluxe Corp.’s dividend payout ratio is currently 25.59%.
In other Deluxe Corp. news, Director Neil Metviner sold 8,000 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $69.23, for a total transaction of $553,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.90% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services Inc raised its position 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 valued at $422,000 after buying an additional 27 shares in the last quarter. BlackRock Advisors LLC raised its position 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 valued at $1,526,000 after buying an additional 58 shares in the last quarter. State Treasurer State of Michigan raised its position 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 valued at $1,305,000 after buying an additional 100 shares in the last quarter. Aviance Capital Management LLC raised its position 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 valued at $375,000 after buying an additional 107 shares in the last quarter. Finally, Hancock Holding Co. raised its position 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 valued at $945,000 after buying an additional 107 shares in the last quarter. 90.57% of the stock is 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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