Deluxe Co. (NYSE:DLX – Get Rating) announced a quarterly dividend on Thursday, May 5th, Zacks reports. Investors of record on Monday, May 23rd will be paid a dividend of 0.30 per share by the business services provider on Monday, June 6th. This represents a $1.20 annualized dividend and a yield of 4.48%. The ex-dividend date is Friday, May 20th.
Deluxe has a payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings.
Shares of DLX opened at $26.79 on Friday. The business’s 50-day moving average is $30.15 and its 200-day moving average is $32.29. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.91 and a quick ratio of 0.86. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 18.48 and a beta of 1.45. Deluxe has a fifty-two week low of $25.75 and a fifty-two week high of $48.38.
Deluxe (NYSE:DLX – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The business services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.05). The company had revenue of $556.00 million during the quarter, compared to analyst estimates of $532.13 million. Deluxe had a net margin of 3.10% and a return on equity of 33.13%. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 EPS.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Deluxe in the fourth quarter worth $13,757,000. BlackRock Inc. increased its holdings in shares of Deluxe by 3.5% during the 4th quarter. BlackRock Inc. now owns 6,926,657 shares of the business services provider’s stock worth $222,414,000 after purchasing an additional 234,420 shares during the period. Sei Investments Co. raised its position in shares of Deluxe by 21.1% during the fourth quarter. Sei Investments Co. now owns 412,938 shares of the business services provider’s stock valued at $13,259,000 after buying an additional 72,061 shares during the last quarter. State Street Corp lifted its stake in shares of Deluxe by 4.1% in the fourth quarter. State Street Corp now owns 1,561,862 shares of the business services provider’s stock valued at $50,151,000 after buying an additional 61,535 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in Deluxe by 686.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 61,119 shares of the business services provider’s stock worth $1,963,000 after buying an additional 53,345 shares in the last quarter. 90.86% of the stock is owned by institutional investors.
DLX has been the topic of a number of recent research reports. StockNews.com initiated coverage on Deluxe in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Cowen reduced their price target on Deluxe from $50.00 to $42.00 in a research report on Wednesday, April 27th. Finally, Cowen decreased their price objectively on shares of Deluxe from $50.00 to $42.00 in a report on Wednesday, April 27th.
Deluxe Company Profile (Get Rating)
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.
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