Deluxe (NYSE:DLX) had its price objective reduced by Buckingham Research from $56.00 to $50.00 in a report issued on Friday. They currently have a neutral rating on the business services provider’s stock.

Separately, TheStreet cut shares of Deluxe from a b- rating to a c+ rating in a report on Tuesday, August 21st.

NYSE:DLX opened at $44.42 on Friday. The firm has a market capitalization of $2.12 billion, a P/E ratio of 8.00 and a beta of 0.90. Deluxe has a twelve month low of $43.72 and a twelve month high of $78.87. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93.

Deluxe (NYSE:DLX) last released its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.08. The business had revenue of $493.20 million for the quarter. Deluxe had a net margin of 9.00% and a return on equity of 26.00%. As a group, analysts predict that Deluxe will post 5.68 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 19th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Friday, November 16th. Deluxe’s dividend payout ratio (DPR) is presently 22.77%.

Several hedge funds have recently made changes to their positions in the company. Amalgamated Bank boosted its holdings in shares of Deluxe by 12.9% during the 2nd quarter. Amalgamated Bank now owns 7,793 shares of the business services provider’s stock valued at $516,000 after buying an additional 892 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Deluxe by 50.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,778 shares of the business services provider’s stock valued at $206,000 after buying an additional 931 shares in the last quarter. Smith Asset Management Group LP boosted its holdings in shares of Deluxe by 4.3% during the 2nd quarter. Smith Asset Management Group LP now owns 24,853 shares of the business services provider’s stock valued at $1,646,000 after buying an additional 1,030 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Deluxe by 4.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 23,050 shares of the business services provider’s stock valued at $1,526,000 after buying an additional 1,043 shares in the last quarter. Finally, Cubic Asset Management LLC boosted its holdings in shares of Deluxe by 6.6% during the 3rd quarter. Cubic Asset Management LLC now owns 20,885 shares of the business services provider’s stock valued at $1,189,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

About Deluxe

Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.

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