Deluxe (NYSE:DLX) Stock Price Passes Above Two Hundred Day Moving Average of $20.71

Deluxe Co. (NYSE:DLX)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.71 and traded as high as $22.24. Deluxe shares last traded at $22.17, with a volume of 99,564 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DLX. Northcoast Research began coverage on Deluxe in a research report on Friday, April 19th. They set a “buy” rating and a $27.00 target price on the stock. StockNews.com lowered shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 13th. Finally, TD Cowen increased their price objective on shares of Deluxe from $33.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, May 14th.

Deluxe Trading Up 0.5 %

The company has a quick ratio of 0.88, a current ratio of 0.97 and a debt-to-equity ratio of 2.53. The company’s 50-day moving average is $22.09 and its 200-day moving average is $20.71. The stock has a market capitalization of $976.59 million, a price-to-earnings ratio of 28.79, a PEG ratio of 0.63 and a beta of 1.47.

Deluxe (NYSE:DLX) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. The firm had revenue of $535.00 million for the quarter, compared to analyst estimates of $527.45 million. Deluxe had a net margin of 1.57% and a return on equity of 21.33%. Research analysts anticipate that Deluxe Co. will post 2.92 earnings per share for the current fiscal year.

Deluxe Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.41%. The ex-dividend date was Friday, May 17th. Deluxe’s payout ratio is 155.85%.

Insider Buying and Selling

In related news, CEO Barry C. Mccarthy bought 2,440 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $21.63 per share, for a total transaction of $52,777.20. Following the completion of the acquisition, the chief executive officer now owns 175,850 shares in the company, valued at approximately $3,803,635.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 2,675 shares of company stock valued at $58,063 in the last ninety days. Company insiders own 4.23% of the company’s stock.

Institutional Trading of Deluxe

Several hedge funds have recently added to or reduced their stakes in DLX. Vanguard Group Inc. lifted its stake in Deluxe by 3.4% during the first quarter. Vanguard Group Inc. now owns 5,167,850 shares of the business services provider’s stock worth $106,406,000 after purchasing an additional 171,998 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Deluxe by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,750,481 shares of the business services provider’s stock valued at $37,548,000 after buying an additional 130,357 shares during the last quarter. Independent Advisor Alliance acquired a new position in Deluxe in the fourth quarter valued at $1,152,000. Boston Partners purchased a new position in shares of Deluxe during the first quarter worth about $995,000. Finally, LSV Asset Management lifted its holdings in shares of Deluxe by 2.4% in the 1st quarter. LSV Asset Management now owns 2,090,671 shares of the business services provider’s stock valued at $43,047,000 after purchasing an additional 48,067 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Deluxe Company Profile

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.