Shares of Deluxe Co. (NYSE:DLX) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a 1-year consensus target price of $40.00 for the company, according to Zacks. Zacks has also given Deluxe an industry rank of 64 out of 256 based on the ratings given to its competitors.
DLX has been the topic of several research reports. Buckingham Research decreased their price target on shares of Deluxe from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, October 26th. ValuEngine cut shares of Deluxe from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 11th. Finally, Zacks Investment Research cut shares of Deluxe from a “hold” rating to a “sell” rating in a report on Tuesday.
Shares of NYSE DLX opened at $43.00 on Monday. Deluxe has a 52-week low of $36.70 and a 52-week high of $78.87. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.25. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.14 and a beta of 1.22.
Deluxe (NYSE:DLX) last issued its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.28 by $0.08. The company had revenue of $493.20 million for the quarter. Deluxe had a net margin of 9.00% and a return on equity of 26.00%. On average, equities analysts forecast that Deluxe will post 5.63 earnings per share for the current year.
In other Deluxe news, insider Keith A. Bush acquired 2,020 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were acquired at an average cost of $49.60 per share, for a total transaction of $100,192.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeffrey Louis Cotter acquired 2,035 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was acquired at an average price of $49.20 per share, for a total transaction of $100,122.00. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in Deluxe by 1.0% during the 3rd quarter. BlackRock Inc. now owns 5,939,602 shares of the business services provider’s stock worth $338,201,000 after purchasing an additional 58,115 shares in the last quarter. Vanguard Group Inc. lifted its stake in Deluxe by 1.1% during the third quarter. Vanguard Group Inc. now owns 4,356,841 shares of the business services provider’s stock worth $248,078,000 after purchasing an additional 48,461 shares during the last quarter. Vanguard Group Inc lifted its stake in Deluxe by 1.1% during the third quarter. Vanguard Group Inc now owns 4,356,841 shares of the business services provider’s stock worth $248,078,000 after purchasing an additional 48,461 shares during the last quarter. LSV Asset Management lifted its stake in Deluxe by 1.1% during the third quarter. LSV Asset Management now owns 2,387,291 shares of the business services provider’s stock worth $135,932,000 after purchasing an additional 25,686 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Deluxe by 9.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,345,390 shares of the business services provider’s stock valued at $76,606,000 after buying an additional 121,542 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.
Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.
Read More: Compound Annual Growth Rate (CAGR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Deluxe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deluxe and related companies with MarketBeat.com's FREE daily email newsletter.