Deluxe Corporation (NYSE:DLX) shares traded -6.05% lower at $14.45 on Wall Street last session.
In accordance with the data, 2 analysts cover Deluxe Corporation (NYSE:DLX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $29.00 and a low of $25.00, we find $28.00. Given the previous closing price of $15.38, this indicates a potential upside of 82.05 percent. DLX stock price is now -23.41% away from the 50-day moving average and -26.31% away from the 200-day moving average. The market capitalization of the company currently stands at $667.16M.
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It has been rated a hold by 1 analysts and a buy by 1. Brokers who have rated the stock have averaged $27.33 as their price target over the next twelve months.
With the price target of $55, Cowen recently initiated with Outperform rating for Deluxe Corporation (NYSE: DLX)., while ‘Northland Capital’ rates the stock as ‘Outperform’.
Insiders disposed of 63,389 shares of company stock worth roughly $0.92 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DLX stock. A new stake in Deluxe Corporation shares was purchased by CREATIVE PLANNING during the first quarter worth $576,000. PANAGORA ASSET MANAGEMENT INC invested $563,000 in shares of DLX during the first quarter. In the first quarter, CAMPBELL & CO INVESTMENT ADVISER LLC acquired a new stake in Deluxe Corporation valued at approximately $287,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in DLX for approximately $276,000. HSBC HOLDINGS PLC purchased a new stake in DLX valued at around $272,000 in the second quarter. In total, there are 265 active investors with 92.00% ownership of the company’s stock.
Deluxe Corporation (NYSE: DLX) opened at $15.31 on Friday. During the past 12 months, Deluxe Corporation has had a low of $15.10 and a high of $33.57. As of last week, the company has a debt-to-equity ratio of 2.72, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for DLX is $18.78 and a two-hundred day moving average price translates $19.56 for the stock.
The latest earnings results from Deluxe Corporation (NYSE: DLX) was released for Dec, 2022. According to the Advertising Agencies Company, earnings per share came in at $1.04, beating analysts’ expectations of $1.03 by 0.01. This compares to $0.32 EPS in the same period last year. The net profit margin was 2.90% and return on equity was 11.00% for DLX. The company reported revenue of $564.0 million for the quarter, compared to $570.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.15 percent. For the current quarter, analysts expect DLX to generate $536.25M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/06/2023. Investors who held shares on 02/21/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 8.30% percent yield. There was an ex-dividend date of 02/17/2023 for this dividend. In terms of dividend payout ratio, DLX is presently at 79.10%.
Deluxe Corporation(DLX) Company Profile
Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, Australia, South America, and Europe. It operates through four segments: Payments, Cloud Solutions, Promotional Solutions, and Checks. The company provides treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing, and paperless treasury management solutions, as well as payment exchange, and fraud and security services; web hosting and design services, data-driven marketing solutions and hosted solutions, such as digital engagement, logo design, financial institution profitability reporting, and business incorporation services. It also offers business forms, accessories, advertising specialties, promotional apparel, and retail packaging services; and printed personal and business checks. The company was formerly known as Deluxe Check Printers, Incorporated and changed its name to Deluxe Corporation in 1988. Deluxe Corporation was founded in 1915 and is headquartered in Shoreview, Minnesota.
