Hsbc Holdings PLC Has $451,000 Stake in Deluxe Corporation $DLX

Hsbc Holdings PLC reduced its position in Deluxe Corporation (NYSE:DLX) by 70.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,323 shares of the business services provider’s stock after selling 38,097 shares during the period. Hsbc Holdings PLC’s holdings in Deluxe were worth $451,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DLX. EverSource Wealth Advisors LLC increased its stake in Deluxe by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 552 shares in the last quarter. Ipsen Advisor Group LLC raised its holdings in Deluxe by 3.5% during the fourth quarter. Ipsen Advisor Group LLC now owns 30,716 shares of the business services provider’s stock worth $686,000 after buying an additional 1,033 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Deluxe by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,260 shares of the business services provider’s stock valued at $415,000 after buying an additional 1,072 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Deluxe by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 50,331 shares of the business services provider’s stock valued at $1,124,000 after buying an additional 1,189 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Deluxe by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 54,369 shares of the business services provider’s stock valued at $1,214,000 after buying an additional 1,202 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors.

Deluxe Trading Down 0.4%

NYSE DLX opened at $25.87 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.05 and a debt-to-equity ratio of 1.98. The business has a fifty day simple moving average of $24.34 and a 200 day simple moving average of $26.02. Deluxe Corporation has a 12 month low of $15.41 and a 12 month high of $32.07. The firm has a market capitalization of $1.18 billion, a P/E ratio of 11.05, a PEG ratio of 0.66 and a beta of 1.24.

Deluxe (NYSE:DLX) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. Deluxe had a net margin of 5.01% and a return on equity of 24.11%. The firm had revenue of $538.10 million for the quarter, compared to the consensus estimate of $534.97 million. During the same period in the previous year, the firm earned $0.75 EPS. The business’s revenue for the quarter 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, analysts predict that Deluxe Corporation will post 3.3 EPS for the current fiscal year.

Deluxe Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.20 annualized dividend and a yield of 4.6%. Deluxe’s payout ratio is 51.28%.

Analysts Set New Price Targets

Several research firms have recently commented on DLX. Weiss Ratings downgraded shares of Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Wall Street Zen raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Finally, Zacks Research downgraded Deluxe from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Deluxe Company Profile

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.