Deluxe (NYSE:DLX) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Deluxe's stock has been given a "hold (c)" rating by Weiss Ratings, while some analysts have recently lowered their ratings, contributing to a consensus average rating of "Moderate Buy" with a price target of $23.00.
• The company reported quarterly earnings of $0.88 per share, beating estimates, but its revenue dropped 3.1% year-over-year, totaling $521.30 million against an expectation of $526.93 million.
• Institutional investors own 93.90% of Deluxe's stock, with significant recent acquisitions from firms like Strs Ohio and GAMMA Investing LLC, the latter increasing its holdings by over 1,000% in the first quarter.

Deluxe (NYSE:DLX - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also weighed in on DLX. Wall Street Zen lowered Deluxe from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Cowen reiterated a "buy" rating on shares of Deluxe in a research note on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Deluxe currently has an average rating of "Moderate Buy" and a consensus price target of $23.00.

Deluxe Stock Performance

DLX traded down $0.03 on Wednesday, hitting $18.95. 288,060 shares of the stock traded hands, compared to its average volume of 306,860. Deluxe has a 52 week low of $13.61 and a 52 week high of $24.45. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $850.39 million, a PE ratio of 14.69, a P/E/G ratio of 0.52 and a beta of 1.51. The business has a fifty day moving average price of $19.06 and a two-hundred day moving average price of $16.69.

Deluxe (NYSE:DLX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.17. Deluxe had a return on equity of 21.12% and a net margin of 2.75%.The firm had revenue of $521.30 million for the quarter, compared to analyst estimates of $526.93 million. During the same period in the previous year, the company posted $0.86 earnings per share. The company's quarterly revenue was down 3.1% compared to the same quarter last year. On average, research analysts predict that Deluxe will post 2.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DLX. Strs Ohio acquired a new position in Deluxe during the 1st quarter worth $30,000. Raymond James Financial Inc. acquired a new position in Deluxe during the 2nd quarter worth $31,000. GAMMA Investing LLC lifted its holdings in Deluxe by 1,067.0% during the 1st quarter. GAMMA Investing LLC now owns 2,229 shares of the business services provider's stock worth $35,000 after buying an additional 2,038 shares in the last quarter. Security National Bank lifted its holdings in Deluxe by 97.8% during the 1st quarter. Security National Bank now owns 3,567 shares of the business services provider's stock worth $56,000 after buying an additional 1,764 shares in the last quarter. Finally, Quarry LP lifted its holdings in Deluxe by 105.8% during the 1st quarter. Quarry LP now owns 3,685 shares of the business services provider's stock worth $58,000 after buying an additional 1,894 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

About Deluxe

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.