Separately, Zacks Investment Research downgraded Deluxe from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th.
Shares of NYSE DLX opened at $51.00 on Friday. The business’s 50-day moving average price is $48.88 and its two-hundred day moving average price is $44.31. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.18 and a quick ratio of 1.06. Deluxe has a one year low of $36.11 and a one year high of $54.15. The company has a market capitalization of $2.12 billion, a P/E ratio of 8.96 and a beta of 1.34.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its stake in shares of Deluxe by 234.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 541 shares of the business services provider’s stock worth $27,000 after acquiring an additional 379 shares in the last quarter. North Star Investment Management Corp. bought a new stake in shares of Deluxe during the 3rd quarter worth about $34,000. Kavar Capital Partners LLC bought a new stake in shares of Deluxe during the 2nd quarter worth about $41,000. Denali Advisors LLC bought a new stake in shares of Deluxe during the 3rd quarter worth about $59,000. Finally, Private Capital Group LLC boosted its stake in shares of Deluxe by 534.3% during the 2nd quarter. Private Capital Group LLC now owns 1,370 shares of the business services provider’s stock worth $91,000 after acquiring an additional 1,154 shares in the last quarter. Institutional investors own 91.33% of the company’s stock.
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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