Deluxe (NYSE:DLX) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Deluxe from “strong buy” to “hold,” following similar rating cuts from Zacks Research and Weiss Ratings; MarketBeat reports an overall “hold” consensus.
• Deluxe’s shares opened at $25.00, down 4.2%, with a $1.14 billion market capitalization. The company reported quarterly EPS of $0.87, beating estimates by $0.06, while revenue of $499.3 million exceeded expectations but declined 4.2% year over year.
• Institutional investors own 93.9% of Deluxe’s stock. Vanguard, Dimensional Fund Advisors and other investment firms recently increased their holdings.

Deluxe (NYSE:DLX - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "hold" rating in a report released on Saturday.

DLX has been the subject of several other research reports. Zacks Research downgraded shares of Deluxe from a "strong-buy" rating to a "hold" rating in a report on Friday, April 10th. Weiss Ratings cut shares of Deluxe from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, July 15th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold".

Deluxe Stock Down 4.2%

Shares of Deluxe stock opened at $25.00 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.20 and a quick ratio of 1.05. Deluxe has a 1-year low of $17.76 and a 1-year high of $32.07. The business's fifty day moving average price is $24.57 and its two-hundred day moving average price is $26.10. The company has a market capitalization of $1.14 billion, a P/E ratio of 11.11, a PEG ratio of 0.66 and a beta of 1.24.

Deluxe (NYSE:DLX - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.06. The company had revenue of $499.30 million during the quarter, compared to analysts' expectations of $486.30 million. Deluxe had a return on equity of 23.51% and a net margin of 4.91%.The company's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. As a group, research analysts forecast that Deluxe will post 3.3 EPS for the current year.

Institutional Trading of Deluxe

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Deluxe by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,955,732 shares of the business services provider's stock valued at $110,661,000 after acquiring an additional 35,030 shares during the last quarter. Towle & Co. acquired a new position in shares of Deluxe in the 1st quarter worth approximately $7,963,000. Intech Investment Management LLC grew its stake in shares of Deluxe by 136.4% in the 4th quarter. Intech Investment Management LLC now owns 57,277 shares of the business services provider's stock worth $1,279,000 after purchasing an additional 33,050 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Deluxe by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,753,203 shares of the business services provider's stock worth $75,823,000 after purchasing an additional 101,105 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Deluxe by 79.5% in the 1st quarter. Empowered Funds LLC now owns 442,099 shares of the business services provider's stock worth $12,175,000 after purchasing an additional 195,749 shares in the last quarter. 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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