Deluxe (NYSE:DLX) Sets New 12-Month High - What's Next?

Key Points

• Deluxe (DLX) hit a new 52-week high of $31.91 on Monday, last trading near $31.46 on volume of about 437,215 shares.
• Analyst sentiment is a Moderate Buy (two Buy ratings, two Hold ratings); notable recent moves include a Zacks downgrade to Hold and a Weiss Ratings upgrade to Buy.
• Key fundamentals: market cap ≈ $1.42B, P/E 16.86 and PEG 0.75, but a relatively high leverage with a debt-to-equity of 2.08, and about 93.9% institutional ownership with recent stake increases by RBC, AQR and UBS.

Deluxe Corporation (NYSE:DLX - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $31.91 and last traded at $31.4550, with a volume of 437215 shares. The stock had previously closed at $31.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Zacks Research lowered Deluxe from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 10th. Weiss Ratings upgraded Deluxe from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, February 10th. Two equities research 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, the stock presently has a consensus rating of "Moderate Buy".

Deluxe Price Performance

The stock has a 50 day moving average of $28.15 and a two-hundred day moving average of $24.31. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.98 and a current ratio of 1.04. The firm has a market capitalization of $1.42 billion, a P/E ratio of 16.86, a P/E/G ratio of 0.75 and a beta of 1.34.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DLX. Royal Bank of Canada raised its stake in shares of 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 stake in shares of Deluxe by 10.0% in the 1st quarter. AQR Capital Management LLC now owns 272,134 shares of the business services provider's stock valued at $4,302,000 after acquiring an additional 24,660 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 valued at $415,000 after acquiring an additional 1,072 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Deluxe by 9.9% in 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 valued at $1,751,000 after acquiring an additional 10,017 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Deluxe in the 1st quarter valued at approximately $30,000. 93.90% of the stock is owned by institutional investors.

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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