Towle & Co. Takes Position in Deluxe Corporation $DLX

Towle & Co. purchased a new stake in shares of Deluxe Corporation (NYSE:DLX) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 289,155 shares of the business services provider’s stock, valued at approximately $7,963,000. Deluxe accounts for about 3.1% of Towle & Co.’s holdings, making the stock its 5th largest holding.

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

Deluxe Price Performance

NYSE:DLX opened at $25.57 on Friday. Deluxe Corporation has a one year low of $15.41 and a one year high of $32.07. The company has a market cap of $1.17 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.66 and a beta of 1.24. The firm’s fifty day moving average price is $23.99 and its two-hundred day moving average price is $25.87. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.15 and a quick ratio of 1.05.

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

Deluxe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.20 annualized dividend and a yield of 4.7%. Deluxe’s dividend payout ratio (DPR) is 51.28%.

Analysts Set New Price Targets

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

Deluxe 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.