Analysts Set $50.00 Price Target for Deluxe Co. (DLX)

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

Brokerages have set a 1-year consensus price target of $50.00 for the company, according to Zacks. Zacks has also given Deluxe an industry rank of 114 out of 257 based on the ratings given to related companies.

Several analysts recently commented on DLX shares. Buckingham Research started coverage on Deluxe in a research report on Friday, October 12th. They issued a “neutral” rating and a $56.00 target price on the stock. TheStreet downgraded shares of Deluxe from a “b-” rating to a “c+” rating in a research note on Tuesday, August 21st.

Several hedge funds have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia acquired a new position in Deluxe during the third quarter worth approximately $250,000. SG Americas Securities LLC increased its position in Deluxe by 123.6% during the third quarter. SG Americas Securities LLC now owns 28,043 shares of the business services provider’s stock worth $1,597,000 after buying an additional 15,502 shares during the period. LSV Asset Management increased its position 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 buying an additional 25,686 shares during the period. ING Groep NV purchased a new position in shares of Deluxe in the 3rd quarter valued at approximately $415,000. Finally, Bessemer Group Inc. grew its stake in shares of Deluxe by 101.0% in the 3rd quarter. Bessemer Group Inc. now owns 7,960 shares of the business services provider’s stock valued at $453,000 after purchasing an additional 4,000 shares during the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

DLX opened at $50.19 on Thursday. Deluxe has a 12 month low of $43.72 and a 12 month 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 company has a market capitalization of $2.27 billion, a P/E ratio of 9.52 and a beta of 1.00.

Deluxe (NYSE:DLX) last posted its 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. Deluxe had a return on equity of 26.00% and a net margin of 9.00%. The firm had revenue of $493.20 million for the quarter. As a group, research analysts expect that Deluxe will post 5.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 19th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, November 16th. Deluxe’s payout ratio is currently 22.77%.

About Deluxe

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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