Zacks: Deluxe Co. (DLX) Given Consensus Rating of “Hold” by Brokerages

Deluxe Co. (NYSE:DLX) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokers have set a twelve-month consensus price objective of $40.00 for the company, according to Zacks. Zacks has also given Deluxe an industry rank of 17 out of 256 based on the ratings given to related companies.

Several equities analysts have issued reports on DLX shares. Buckingham Research started coverage on Deluxe in a research report on Friday, October 12th. They set a “neutral” rating and a $56.00 target price on the stock. ValuEngine lowered shares of Deluxe from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 11th. Finally, Zacks Investment Research lowered shares of Deluxe from a “hold” rating to a “sell” rating in a research report on Wednesday, December 19th.

In other news, insider Keith A. Bush bought 2,020 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were purchased at an average price of $49.60 per share, for a total transaction of $100,192.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffrey Louis Cotter bought 2,035 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was purchased 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. 2.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in DLX. Legal & General Group Plc boosted its stake in shares of Deluxe by 0.7% during the 3rd quarter. Legal & General Group Plc now owns 59,560 shares of the business services provider’s stock valued at $3,391,000 after buying an additional 426 shares during the period. American International Group Inc. grew its holdings in shares of Deluxe by 0.9% in the third quarter. American International Group Inc. now owns 127,634 shares of the business services provider’s stock worth $7,267,000 after purchasing an additional 1,111 shares during the last quarter. Cubic Asset Management LLC grew its holdings in shares of Deluxe by 6.6% in the third quarter. Cubic Asset Management LLC now owns 20,885 shares of the business services provider’s stock worth $1,189,000 after purchasing an additional 1,300 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Deluxe in the 2nd quarter worth approximately $101,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Deluxe by 93.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,516 shares of the business services provider’s stock worth $200,000 after purchasing an additional 1,700 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Shares of NYSE DLX traded up $0.09 during midday trading on Monday, hitting $42.85. The stock had a trading volume of 287,582 shares, compared to its average volume of 410,925. Deluxe has a 1 year low of $36.70 and a 1 year high of $78.87. The company has a market cap of $1.99 billion, a PE ratio of 8.13 and a beta of 1.22. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.25 and a quick ratio of 1.12.

Deluxe (NYSE:DLX) last posted its earnings results on Thursday, October 25th. The business services provider reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.08. The business 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 research analysts anticipate that Deluxe will post 5.63 EPS for the current fiscal year.

Deluxe Company Profile

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.

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