Deluxe Corporation (NYSE:DLX) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Consensus "Buy": Five brokerages covering Deluxe have a consensus rating of Buy (one Hold, three Buy, one Strong Buy) with an average 1‑year price target of $23, and recent upgrades from Zacks and Weiss Ratings.
• Dividend yield of 4.3%: Deluxe paid a $0.30 quarterly dividend (annualized $1.20) for a 4.3% yield and a payout ratio of about 63.8% (ex‑dividend date Feb 9).
• Valuation and ownership: DLX opened at $27.91 with a $1.26B market cap and a P/E of 14.85, a 52‑week range of $13.61–$28.60, and roughly 93.9% of shares held by institutional investors.

Deluxe Corporation (NYSE:DLX - Get Free Report) has been assigned a consensus rating of "Buy" from the five brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $23.00.

Several research firms recently weighed in on DLX. Zacks Research upgraded Deluxe from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 2nd. CJS Securities upgraded Deluxe to a "hold" rating in a report on Thursday, December 11th. Finally, Weiss Ratings raised shares of Deluxe from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, February 10th.

Deluxe Price Performance

DLX stock opened at $27.91 on Thursday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 0.65 and a beta of 1.37. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. Deluxe has a 52-week low of $13.61 and a 52-week high of $28.60. The stock's fifty day simple moving average is $26.62 and its 200-day simple moving average is $22.52.

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Monday, February 9th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, February 9th. Deluxe's payout ratio is presently 63.83%.

Hedge Funds Weigh In On Deluxe

A number of large investors have recently bought and sold shares of the stock. Strs Ohio purchased a new stake in shares of Deluxe during the 1st quarter valued at $30,000. Raymond James Financial Inc. purchased a new position in shares of Deluxe in the 2nd quarter worth $31,000. UMB Bank n.a. boosted its holdings in Deluxe by 3,597.9% in the fourth quarter. UMB Bank n.a. now owns 1,738 shares of the business services provider's stock valued at $39,000 after acquiring an additional 1,691 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new position in Deluxe in the fourth quarter valued at $45,000. Finally, EverSource Wealth Advisors LLC grew its position in Deluxe by 33.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,179 shares of the business services provider's stock valued at $49,000 after acquiring an additional 552 shares during the period. Hedge funds and other institutional investors own 93.90% of the company's stock.

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.

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