UBS Group AG Sells 22,890 Shares of Deluxe Corporation $DLX

UBS Group AG trimmed its position in Deluxe Corporation (NYSE:DLX) by 14.5% during the 4th quarter, HoldingsChannel reports. The firm owned 134,913 shares of the business services provider’s stock after selling 22,890 shares during the quarter. UBS Group AG’s holdings in Deluxe were worth $3,013,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Deluxe in the first quarter worth about $30,000. Raymond James Financial Inc. bought a new stake in shares of Deluxe in the second quarter worth about $31,000. TD Waterhouse Canada Inc. bought a new stake in shares of Deluxe in the fourth quarter worth about $45,000. Hillsdale Investment Management Inc. increased its holdings in shares of Deluxe by 227.8% in the third quarter. Hillsdale Investment Management Inc. now owns 2,950 shares of the business services provider’s stock worth $57,000 after purchasing an additional 2,050 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Deluxe by 110.6% during the third quarter. Federated Hermes Inc. now owns 3,089 shares of the business services provider’s stock worth $60,000 after acquiring an additional 1,622 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DLX has been the topic of several analyst reports. Weiss Ratings raised Deluxe from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Zacks Research cut Deluxe from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Wall Street Zen cut Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Deluxe Trading Up 0.3%

Shares of NYSE DLX opened at $23.80 on Tuesday. The business’s 50 day moving average is $27.34 and its two-hundred day moving average is $24.99. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.15 and a quick ratio of 1.05. Deluxe Corporation has a 1-year low of $13.61 and a 1-year high of $32.07. The stock has a market capitalization of $1.09 billion, a P/E ratio of 10.17, a PEG ratio of 0.60 and a beta of 1.33.

Deluxe (NYSE:DLX) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.14. Deluxe had a return on equity of 24.11% and a net margin of 5.01%.The company 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 firm posted $0.75 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. As a group, research analysts expect that Deluxe Corporation will post 3.3 EPS for the current year.

Deluxe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, May 19th. Deluxe’s payout ratio is 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.