Zacks Investment Research Lowers Deluxe Corp. (DLX) to Hold
According to Zacks, “Deluxe Corporation, through its industry-leading businesses and brands, helps financial institutions and small businesses better manage, promote, and grow their businesses. The Company uses direct marketing, distributors, and a North American sales force to provide a wide range of customized products and services: personalized printed items checks, forms, business cards, stationery, greeting cards, labels, and retail/packaging supplies, promotional products and merchandising materials, fraud prevention services, and customer retention programs. The Company also sells personalized checks and accessories directly to consumers. “
Shares of Deluxe Corp. (NYSE:DLX) opened at 66.82 on Wednesday. Deluxe Corp. has a 1-year low of $49.46 and a 1-year high of $70.26. The stock has a 50 day moving average price of $67.91 and a 200 day moving average price of $65.31. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 14.23 and a beta of 1.39.
Deluxe Corp. (NYSE:DLX) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.02. The business earned $450.60 million during the quarter, compared to analysts’ expectations of $450.56 million. Deluxe Corp. had a return on equity of 31.19% and a net margin of 12.86%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 EPS. On average, equities analysts anticipate that Deluxe Corp. will post $4.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were issued a $0.30 dividend. The ex-dividend date was Thursday, August 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.80%. Deluxe Corp.’s dividend payout ratio (DPR) is presently 25.59%.
In related news, Director Neil Metviner sold 8,000 shares of Deluxe Corp. stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $69.23, for a total value of $553,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Deluxe Corp. by 2.8% in the first quarter. Geode Capital Management LLC now owns 469,346 shares of the company’s stock valued at $29,329,000 after buying an additional 12,951 shares in the last quarter. Zebra Capital Management LLC raised its position in shares of Deluxe Corp. by 24.1% in the first quarter. Zebra Capital Management LLC now owns 29,311 shares of the company’s stock valued at $1,832,000 after buying an additional 5,697 shares in the last quarter. M&T Bank Corp raised its position in shares of Deluxe Corp. by 3.3% in the first quarter. M&T Bank Corp now owns 20,646 shares of the company’s stock valued at $1,290,000 after buying an additional 661 shares in the last quarter. Royce & Associates LP acquired a new position in shares of Deluxe Corp. during the first quarter valued at $2,236,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of Deluxe Corp. during the first quarter valued at $4,197,000. Hedge funds and other institutional investors own 90.57% of the company’s stock.
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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