Deluxe (NYSE:DLX) Hits New 52-Week High – Still a Buy?

by · The Cerbat Gem

Deluxe Corporation (NYSE:DLX – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $24.83 and last traded at $24.47, with a volume of 210302 shares trading hands. The stock had previously closed at $23.66.

Analyst Ratings Changes

Several research firms have recently weighed in on DLX. CJS Securities raised shares of Deluxe to a “hold” rating in a research report on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Deluxe in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Deluxe from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.00.

View Our Latest Research Report on DLX

Deluxe Stock Performance

The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 0.64 and a beta of 1.37. The firm’s 50 day moving average price is $21.75 and its 200-day moving average price is $19.65. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.99 and a quick ratio of 0.91.

Deluxe (NYSE:DLX – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. Deluxe had a net margin of 3.90% and a return on equity of 22.42%. The company had revenue of $540.20 million for the quarter, compared to analyst estimates of $526.50 million. During the same period last year, the business posted $0.84 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Deluxe has set its FY 2025 guidance at 3.450-3.60 EPS. On average, analysts anticipate that Deluxe Corporation will post 2.77 earnings per share for the current year.

Deluxe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.20 dividend on an annualized basis and a yield of 4.9%. Deluxe’s payout ratio is presently 65.57%.

Institutional Investors Weigh In On Deluxe

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position in Deluxe by 25.6% in the 1st quarter. Royal Bank of Canada now owns 505,810 shares of the business services provider’s stock valued at $7,996,000 after acquiring an additional 102,948 shares in the last quarter. AQR Capital Management LLC raised its position in Deluxe by 10.0% in the 1st quarter. AQR Capital Management LLC now owns 272,134 shares of the business services provider’s stock worth $4,302,000 after purchasing an additional 24,660 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Deluxe by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,260 shares of the business services provider’s stock worth $415,000 after purchasing an additional 1,072 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Deluxe by 9.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 110,736 shares of the business services provider’s stock worth $1,751,000 after buying an additional 10,017 shares in the last quarter. Finally, Strs Ohio bought a new position in Deluxe in the 1st quarter valued at $30,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Deluxe Company Profile

(Get Free Report)

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.

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