Deluxe Corporation (NYSE:DLX) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Monday.
Separately, Zacks Investment Research upgraded Deluxe Corporation from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Tuesday, May 2nd.
Shares of Deluxe Corporation (NYSE:DLX) opened at 72.63 on Monday. The company has a market cap of $3.52 billion, a PE ratio of 15.55 and a beta of 1.35. The firm’s 50-day moving average is $70.33 and its 200-day moving average is $71.29. Deluxe Corporation has a 1-year low of $59.47 and a 1-year high of $75.94.
Deluxe Corporation (NYSE:DLX) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.05. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The business had revenue of $485.20 million for the quarter, compared to analyst estimates of $479.42 million. During the same quarter in the prior year, the firm posted $1.20 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Deluxe Corporation will post $5.21 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the company. Flinton Capital Management LLC raised its stake in Deluxe Corporation by 9.2% in the first quarter. Flinton Capital Management LLC now owns 1,520 shares of the business services provider’s stock valued at $110,000 after buying an additional 128 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in Deluxe Corporation by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the business services provider’s stock valued at $114,000 after buying an additional 744 shares in the last quarter. Meadow Creek Investment Management LLC raised its stake in Deluxe Corporation by 9.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,090 shares of the business services provider’s stock valued at $151,000 after buying an additional 176 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Deluxe Corporation by 64.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,136 shares of the business services provider’s stock valued at $154,000 after buying an additional 836 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised its stake in Deluxe Corporation by 9.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,660 shares of the business services provider’s stock valued at $192,000 after buying an additional 224 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.
Deluxe Corporation Company Profile
Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.
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