Hsbc Holdings PLC Sells 38,097 Shares of Deluxe Corporation $DLX

Hsbc Holdings PLC trimmed its holdings in shares of Deluxe Corporation (NYSE:DLX) by 70.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,323 shares of the business services provider’s stock after selling 38,097 shares during the quarter. Hsbc Holdings PLC’s holdings in Deluxe were worth $451,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Strs Ohio purchased a new position in Deluxe in the first quarter worth $30,000. Raymond James Financial Inc. purchased a new stake in shares of Deluxe during the 2nd quarter valued at $31,000. UMB Bank n.a. increased its position in shares of 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 valued at $39,000 after purchasing an additional 1,691 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of Deluxe during the 4th quarter worth $45,000. Finally, EverSource Wealth Advisors LLC raised 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 purchasing an additional 552 shares during the period. 93.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DLX has been the subject of several research reports. Zacks Research lowered shares of Deluxe from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Weiss Ratings lowered shares of Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Deluxe Stock Performance

Shares of DLX opened at $25.87 on Friday. Deluxe Corporation has a 1 year low of $15.41 and a 1 year high of $32.07. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.15 and a quick ratio of 1.05. The stock’s fifty day moving average price is $24.34 and its two-hundred day moving average price is $26.02. The firm has a market cap of $1.18 billion, a PE ratio of 11.05, a PEG ratio of 0.66 and a beta of 1.24.

Deluxe (NYSE:DLX) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. Deluxe had a return on equity of 24.11% and a net margin of 5.01%.The business had revenue of $538.10 million for the quarter, compared to analysts’ expectations of $534.97 million. During the same period in the previous year, the business posted $0.75 EPS. The firm’s quarterly revenue was up .3% compared to the same quarter last year. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. On average, equities research analysts forecast that Deluxe Corporation will post 3.3 EPS for the current year.

Deluxe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were paid a $0.30 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $1.20 annualized dividend and a dividend yield of 4.6%. Deluxe’s dividend payout ratio (DPR) is presently 51.28%.

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.