Deluxe (NYSE:DLX) Reaches New 1-Year Low - Time to Sell?

Shares of Deluxe Co. (NYSE:DLX - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $15.85 and last traded at $15.80, with a volume of 248285 shares traded. The stock had previously closed at $16.46.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DLX shares. Sidoti upgraded shares of Deluxe to a "hold" rating in a research note on Thursday, January 30th. StockNews.com cut Deluxe from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th.

Deluxe Price Performance

The firm has a market cap of $726.89 million, a PE ratio of 13.86, a P/E/G ratio of 0.52 and a beta of 1.52. The stock's fifty day moving average price is $20.38 and its 200-day moving average price is $20.71. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.98.

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 net margin of 2.49% and a return on equity of 21.33%. As a group, equities analysts forecast that Deluxe Co. will post 2.77 EPS for the current fiscal year.

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Deluxe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.33%. The ex-dividend date was Tuesday, February 18th. Deluxe's dividend payout ratio (DPR) is 101.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DLX. Round Hill Asset Management increased its holdings in Deluxe by 1.0% during the 3rd quarter. Round Hill Asset Management now owns 50,058 shares of the business services provider's stock valued at $976,000 after acquiring an additional 485 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Deluxe by 93.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the business services provider's stock valued at $25,000 after purchasing an additional 534 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Deluxe by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,188 shares of the business services provider's stock valued at $569,000 after purchasing an additional 835 shares during the last quarter. Hudson Edge Investment Partners Inc. increased its stake in shares of Deluxe by 4.9% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 18,384 shares of the business services provider's stock worth $415,000 after purchasing an additional 860 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Deluxe by 1.2% during the 4th quarter. Swiss National Bank now owns 87,000 shares of the business services provider's stock worth $1,965,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 93.90% of the company's stock.

About Deluxe

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.