Deluxe (NYSE:DLX) Hits New 12-Month Low - Time to Sell?

Deluxe Co. (NYSE:DLX - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $15.07 and last traded at $15.20, with a volume of 316519 shares trading hands. The stock had previously closed at $16.25.

Analyst Ratings Changes

Several research firms have recently weighed in on DLX. Sidoti raised shares of Deluxe to a "hold" rating in a research report on Thursday, January 30th. StockNews.com cut Deluxe from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 26th.

Deluxe Stock Down 4.8 %

The stock's fifty day simple moving average is $17.18 and its two-hundred day simple moving average is $20.04. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.98 and a quick ratio of 0.83. The company has a market capitalization of $632.79 million, a price-to-earnings ratio of 11.99, a PEG ratio of 0.52 and a beta of 1.41.

Deluxe (NYSE:DLX - Get Free Report) last issued its earnings results on Wednesday, February 5th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.05). Deluxe had a return on equity of 21.33% and a net margin of 2.49%. On average, sell-side analysts predict that Deluxe Co. will post 2.77 earnings per share for the current fiscal year.

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Deluxe Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.20 annualized dividend and a yield of 8.48%. Deluxe's dividend payout ratio is presently 101.69%.

Insider Buying and Selling at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy purchased 3,926 shares of the business's stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $16.45 per share, with a total value of $64,582.70. Following the completion of the acquisition, the chief executive officer now owns 272,851 shares in the company, valued at approximately $4,488,398.95. This represents a 1.46 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is currently owned by company insiders.

Institutional Trading of Deluxe

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its stake in shares of Deluxe by 10.0% in the third quarter. Jane Street Group LLC now owns 115,280 shares of the business services provider's stock worth $2,247,000 after purchasing an additional 10,447 shares in the last quarter. Barclays PLC lifted its holdings in Deluxe by 73.2% in the third quarter. Barclays PLC now owns 148,447 shares of the business services provider's stock worth $2,893,000 after purchasing an additional 62,715 shares during the period. Geode Capital Management LLC grew its position in Deluxe by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,028,079 shares of the business services provider's stock valued at $20,041,000 after buying an additional 17,583 shares in the last quarter. FMR LLC increased its stake in Deluxe by 57.2% during the 3rd quarter. FMR LLC now owns 3,206 shares of the business services provider's stock valued at $62,000 after buying an additional 1,166 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Deluxe during the 4th quarter worth about $1,017,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Deluxe Company Profile

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.