Analysts Set $40.00 Price Target for Deluxe Co. (NYSE:DLX)

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

Analysts have set a 12 month consensus price objective of $40.00 for the company, according to Zacks. Zacks has also given Deluxe an industry rank of 103 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded shares of First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st.

NYSE:DLX traded up $0.20 during midday trading on Tuesday, reaching $42.10. 124,371 shares of the stock traded hands, compared to its average volume of 308,132. Deluxe has a 12-month low of $36.11 and a 12-month high of $68.21. The firm has a 50-day moving average price of $40.89. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.21 and a quick ratio of 1.08. The company has a market cap of $1.81 billion, a PE ratio of 7.40 and a beta of 1.40.

Deluxe (NYSE:DLX) last issued its earnings results on Thursday, April 25th. The business services provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.44. Deluxe had a net margin of 6.67% and a return on equity of 27.70%. The company had revenue of $499.10 million for the quarter, compared to the consensus estimate of $497.17 million. During the same period in the previous year, the firm earned $1.60 earnings per share. Deluxe’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities analysts forecast that Deluxe will post 6.42 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Tdam USA Inc. lifted its position in shares of Deluxe by 4.9% during the 1st quarter. Tdam USA Inc. now owns 5,837 shares of the business services provider’s stock worth $255,000 after buying an additional 270 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Deluxe by 2.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 11,843 shares of the business services provider’s stock worth $455,000 after buying an additional 314 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Deluxe by 4.6% during the 4th quarter. Jane Street Group LLC now owns 7,512 shares of the business services provider’s stock worth $289,000 after buying an additional 330 shares during the last quarter. Alpha Omega Wealth Management LLC lifted its position in shares of Deluxe by 129.5% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 771 shares of the business services provider’s stock worth $34,000 after buying an additional 435 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of Deluxe by 6.2% during the 1st quarter. Wedge Capital Management L L P NC now owns 8,015 shares of the business services provider’s stock worth $350,000 after buying an additional 465 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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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