StockNews.com begins coverage on Deluxe (NYSE:DLX)
StockNews.com began covering stocks of Deluxe (NYSE:DLX – Get a Rating) in a research report released Thursday. The brokerage has set a “buy” rating on the shares of the business services provider.
Separately, Cowen lowered its target price on Deluxe shares from $55.00 to $50.00 in a report on Friday, February 4.
Shares of DLX opened at $30.66 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt ratio of 2.83. The stock has a market capitalization of $1.31 billion, a P/E ratio of 21.14 and a beta of 1.50. The company’s fifty-day simple moving average is $31.26 and its two-hundred-day simple moving average is $33.66. Deluxe has a 12-month minimum of $28.08 and a 12-month maximum of $48.38.
Deluxe (NYSE:DLX – Get Rating) last released its quarterly results on Thursday, February 3. The business services provider reported EPS of $1.12 for the quarter. The company posted revenue of $570.60 million for the quarter, compared to $547.57 million expected by analysts. Deluxe had a net margin of 3.10% and a return on equity of 33.13%. The company’s quarterly revenue increased by 25.5% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $1.38.
A number of large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Deluxe by 3.5% in the 4th quarter. BlackRock Inc. now owns 6,926,657 shares of the business services provider valued at $222,414,000 after buying an additional 234,420 shares in the last quarter. American Century Companies Inc. increased its stake in Deluxe by 7.3% in the 4th quarter. American Century Companies Inc. now owns 2,748,827 shares of the business services provider valued at $88,265,000 after buying an additional 187,699 shares in the last quarter. State Street Corp increased its equity stake in Deluxe by 4.1% during the 4th quarter. State Street Corp now owns 1,561,862 shares of the business services provider worth $50,151,000 after buying an additional 61,535 shares in the last quarter. Goldman Sachs Group Inc. increased its equity stake in Deluxe by 40.6% during the third quarter. Goldman Sachs Group Inc. now owns 1,561,715 shares of the business services provider worth $56,050,000 after buying an additional 451,248 shares in the last quarter. Finally, William Blair Investment Management LLC increased its stake in Deluxe shares by 11.1% during the 4th quarter. William Blair Investment Management LLC now owns 1,237,506 shares of the business services provider worth $39,736,000 after buying an additional 123,284 shares in the last quarter. Hedge funds and other institutional investors hold 91.95% of the company’s shares.
About luxury (Get a rating)
Deluxe Corporation provides technology 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 cash management solutions, including remittance and safe deposit processing, remote deposit capture, receivables management, payment processing and paperless cash management solutions, as well as payment exchange, 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 reports, and company incorporation services.
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