Deluxe (NYSE:DLX) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Deluxe Corporation (NYSE:DLX) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.80 and traded as high as $26.32. Deluxe shares last traded at $26.1250, with a volume of 278,322 shares traded.

Wall Street Analyst Weigh In

DLX has been the subject of several analyst reports. Weiss Ratings cut Deluxe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Wall Street Zen raised Deluxe from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Finally, Zacks Research cut Deluxe from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Deluxe currently has an average rating of “Hold”.

Deluxe Stock Performance

The firm’s 50 day moving average price is $23.88 and its 200-day moving average price is $25.82. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.05 and a current ratio of 1.15. The firm has a market capitalization of $1.19 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24.

Deluxe (NYSE:DLX) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.14. The firm had revenue of $538.10 million during the quarter, compared to analyst estimates of $534.97 million. Deluxe had a return on equity of 24.11% and a net margin of 5.01%.Deluxe’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. Deluxe has set its FY 2026 guidance at 3.600-4.000 EPS. On average, research analysts expect that Deluxe Corporation will post 3.3 EPS for the current year.

Deluxe Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Deluxe’s dividend payout ratio is presently 51.28%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Deluxe by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,955,732 shares of the business services provider’s stock worth $110,661,000 after acquiring an additional 35,030 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Deluxe by 136.4% during the fourth quarter. Intech Investment Management LLC now owns 57,277 shares of the business services provider’s stock valued at $1,279,000 after purchasing an additional 33,050 shares in the last quarter. Versor Investments LP grew its position in shares of Deluxe by 268.1% in the fourth quarter. Versor Investments LP now owns 39,681 shares of the business services provider’s stock valued at $886,000 after purchasing an additional 28,900 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Deluxe in the first quarter valued at about $958,000. Finally, LSV Asset Management increased its stake in shares of Deluxe by 6.2% during the fourth quarter. LSV Asset Management now owns 1,930,885 shares of the business services provider’s stock worth $43,117,000 after purchasing an additional 113,026 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Deluxe Company Profile

Deluxe Corporation, founded in 1915 and headquartered in Shoreview, Minnesota, is a provider of integrated business and financial technology solutions. Originally established as a check printing company, Deluxe has evolved its offerings to support small businesses, financial institutions and entrepreneurs with a comprehensive suite of services spanning print, digital and software platforms.

The company’s core business activities include printing checks, forms and promotional materials, as well as delivering digital marketing and customer engagement solutions.