Deluxe Co. (NYSE:DLX – Get Rating) declared a quarterly dividend on Friday, August 5th, Wall Street Journal reports. Shareholders of record on Monday, August 22nd will be given a dividend of 0.30 per share by the business services provider on Tuesday, September 6th. This represents a $1.20 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend is Friday, August 19th.
Deluxe has a dividend payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings.
Deluxe Price Performance
DLX opened at $23.10 on Thursday. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.95 and a quick ratio of 0.88. The company has a market capitalization of $995.15 million, a price-to-earnings ratio of 17.37 and a beta of 1.45. The firm’s fifty day moving average price is $22.59 and its two-hundred day moving average price is $26.71. Deluxe has a 1 year low of $20.48 and a 1 year high of $40.96.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Cowen cut their price objective on shares of Deluxe from $42.00 to $36.00 in a report on Friday, August 5th. StockNews.com raised shares of Deluxe from a “hold” rating to a “buy” rating in a report on Thursday, May 19th. Finally, Cowen cut their price target on shares of Deluxe from $42.00 to $36.00 in a report on Friday, August 5th.
Hedge Funds Weigh In On Deluxe
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Deluxe by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,638,914 shares of the business services provider’s stock valued at $140,281,000 after acquiring an additional 73,156 shares during the period. State Street Corp raised its stake in Deluxe by 8.2% in the 2nd quarter. State Street Corp now owns 1,752,190 shares of the business services provider’s stock valued at $37,970,000 after acquiring an additional 133,131 shares during the period. Goldman Sachs Group Inc. raised its stake in Deluxe by 3.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,412,257 shares of the business services provider’s stock valued at $42,707,000 after acquiring an additional 47,094 shares during the period. Dimensional Fund Advisors LP raised its stake in Deluxe by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 980,372 shares of the business services provider’s stock valued at $29,647,000 after acquiring an additional 29,188 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Deluxe by 6.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 677,639 shares of the business services provider’s stock valued at $20,492,000 after acquiring an additional 42,629 shares during the period. 90.86% of the stock is owned by hedge funds and other institutional investors.
Deluxe Company Profile
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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