Deluxe Corp. (DLX) Reaches New 52-Week High at $69.47
Deluxe Corp. (NYSE:DLX)’s share price reached a new 52-week high on Thursday . The company traded as high as $69.47 and last traded at $69.21, with a volume of 53,177 shares traded. The stock had previously closed at $68.52.
Separately, Zacks Investment Research raised shares of Deluxe Corp. from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Monday, May 2nd.
The firm has a 50-day moving average price of $66.06 and a 200-day moving average price of $60.16. The company has a market cap of $3.38 billion and a price-to-earnings ratio of 14.93.
Deluxe Corp. (NYSE:DLX) last released its quarterly earnings data on Thursday, April 28th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The business earned $459.30 million during the quarter, compared to analyst estimates of $450.99 million. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 EPS. Equities analysts predict that Deluxe Corp. will post $4.91 earnings per share for the current year.
In other Deluxe Corp. news, VP Julie M. Loosbrock sold 2,230 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $63.75, for a total value of $142,162.50. Following the sale, the vice president now directly owns 24,458 shares in the company, valued at $1,559,197.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Malcolm Mcroberts sold 9,580 shares of the firm’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $66.06, for a total value of $632,854.80. Following the completion of the sale, the senior vice president now owns 59,805 shares in the company, valued at $3,950,718.30. The disclosure for this sale can be found here.
Several large investors recently modified their holdings of the stock. Rhumbline Advisers boosted its stake in shares of Deluxe Corp. by 1.6% in the fourth quarter. Rhumbline Advisers now owns 111,043 shares of the company’s stock worth $6,056,000 after buying an additional 1,795 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Deluxe Corp. by 35.9% in the fourth quarter. New York State Common Retirement Fund now owns 163,215 shares of the company’s stock worth $8,902,000 after buying an additional 43,093 shares in the last quarter. Boston Partners bought a new stake in shares of Deluxe Corp. during the fourth quarter worth $3,386,000. Victory Capital Management Inc. boosted its stake in shares of Deluxe Corp. by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 804,387 shares of the company’s stock worth $43,872,000 after buying an additional 31,689 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC boosted its stake in shares of Deluxe Corp. by 1.6% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 80,600 shares of the company’s stock worth $4,396,000 after buying an additional 1,300 shares in the last quarter.
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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