Deluxe (NYSE:DLX) Stock Price Passes Above 200-Day Moving Average of $20.50

Shares of Deluxe Co. (NYSE:DLXGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.50 and traded as high as $21.85. Deluxe shares last traded at $21.54, with a volume of 171,774 shares traded.

Wall Street Analysts Forecast Growth

DLX has been the subject of a number of research reports. Northcoast Research initiated coverage on Deluxe in a research note on Friday, April 19th. They issued a “buy” rating and a $27.00 price objective for the company. TD Cowen boosted their price objective on Deluxe from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Finally, StockNews.com cut Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 13th.

View Our Latest Report on Deluxe

Deluxe Stock Performance

The company has a debt-to-equity ratio of 2.53, a current ratio of 0.97 and a quick ratio of 0.88. The stock has a 50 day simple moving average of $21.65 and a two-hundred day simple moving average of $20.52. The company has a market cap of $954.56 million, a PE ratio of 28.13, a PEG ratio of 0.62 and a beta of 1.48.

Deluxe (NYSE:DLXGet Free Report) last released its earnings results on Wednesday, May 1st. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. The business had revenue of $535.00 million for the quarter, compared to analyst estimates of $527.45 million. Deluxe had a return on equity of 21.33% and a net margin of 1.57%. Equities analysts predict that Deluxe Co. will post 2.92 EPS for the current year.

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend was Friday, May 17th. Deluxe’s payout ratio is currently 155.85%.

Insider Activity

In related news, CEO Barry C. Mccarthy bought 2,440 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were acquired at an average price of $21.63 per share, with a total value of $52,777.20. Following the completion of the acquisition, the chief executive officer now owns 175,850 shares in the company, valued at approximately $3,803,635.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have purchased 2,675 shares of company stock valued at $58,063. Company insiders own 4.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DLX. Barclays PLC grew its holdings in Deluxe by 20.5% during the third quarter. Barclays PLC now owns 35,897 shares of the business services provider’s stock worth $679,000 after acquiring an additional 6,102 shares during the period. Swiss National Bank boosted its position in Deluxe by 1.4% during the third quarter. Swiss National Bank now owns 95,500 shares of the business services provider’s stock worth $1,804,000 after purchasing an additional 1,300 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Deluxe by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,083,704 shares of the business services provider’s stock worth $20,471,000 after purchasing an additional 17,180 shares in the last quarter. Deutsche Bank AG boosted its position in Deluxe by 24.6% during the third quarter. Deutsche Bank AG now owns 23,983 shares of the business services provider’s stock worth $453,000 after purchasing an additional 4,732 shares in the last quarter. Finally, Brandywine Global Investment Management LLC boosted its position in Deluxe by 16.3% during the third quarter. Brandywine Global Investment Management LLC now owns 132,446 shares of the business services provider’s stock worth $2,502,000 after purchasing an additional 18,576 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

About Deluxe

(Get Free Report)

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.

Further Reading

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