Cowen & Co. initiated coverage on Deluxe with a new price target
$DLX
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Consumer Discretionary
Cowen & Co. initiated coverage of Deluxe with a rating of Outperform and set a new price target of $55.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/19/2024 | $27.00 | Buy | Northcoast |
| 9/1/2021 | $55.00 | Outperform | Cowen & Co. |
Deluxe (NYSE:DLX), a Trusted Payments and Data company (the "Company"), today announced the pricing of $450 million aggregate principal amount of its senior secured notes due 2029 (the "Notes"). The size of the offering was upsized from $400 million to $450 million. The offering is expected to close on December 3, 2024, subject to customary closing conditions. The Notes will pay interest semi-annually at a rate of 8.125% per annum. The Notes are being offered in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States in accordanc
Deluxe (NYSE:DLX), a Trusted Payments and Data company (the "Company"), announces that it intends to offer $400 million aggregate principal amount of senior secured notes due 2029 (the "Notes") in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States in accordance with Regulation S under the Securities Act. The Company intends to use the net proceeds from the Notes offering, together with borrowings under the Company's new senior secured credit facilities, to (i) refinance its term A loan facility (the "Existing Term A Loan F
Deluxe (NYSE:DLX), a Trusted Payments and Data Company, has announced an inducement grant in connection with the recent hiring of Kimberly D. Cross as its Senior Vice President, Chief Human Resources Officer. In connection with Ms. Cross' hire, Deluxe agreed to grant to Ms. Cross restricted stock units in the aggregate amount of $800,000 as an inducement for her to join the company. The grant of 34,468 restricted stock units was made on November 15, 2024, and the units vest in two equal installments on the first and second anniversary of date of grant. About Deluxe Corporation Deluxe, a Trusted Payments and Data Company, champions business so communities thrive. Our solutions help bus
Deluxe (NYSE:DLX), a Trusted Payments and Data company, today announced its third quarter 2024 financial results through an earnings release available on the company's Investor Relations website at www.investors.deluxe.com. The earnings release will be furnished with the Securities and Exchange Commission (SEC) on a Form 8-K and available here. At 5:00 p.m. ET (4:00 p.m. CT) today, the company will host an open-access conference call to discuss these financial results. Conference Call Details: Toll-free dial-in: 1-800-289-0438 Toll dial-in: 1-323-794-2423 Conference ID: 4894281 Audio & accompanying slides will be available via webcast accessible at www.investors.deluxe.com. For those una
Deluxe (NYSE:DLX), a Trusted Payments and Data company, will report third quarter 2024 financial results on Wednesday, November 6, 2024, following market-close. On the same day, management will hold an open-access conference call at 5:00 p.m. ET (4:00 p.m. CT). All interested persons may listen to the call by dialing 1-800-289-0438 (access code 4894281). The audio and accompanying slides will be available via webcast accessible on the investor relations website at www.investors.deluxe.com. For those unable to listen live, a replay will be available after 8:00 p.m. ET through midnight on November 13, 2024. About Deluxe Deluxe, a Trusted Payments and Data company, champions business so comm
Reported revenue decreased 5.9%, while comparable adjusted revenue decreased 3.0%. Net income was $20.5 million, improving from $16.4 million in 2023, on stronger operating results and lower restructuring spend. Second quarter GAAP diluted EPS expanded 24.3% to $0.46; Comparable adjusted diluted EPS improved 4.9% to $0.85. First half operating cash flows increased 40% to $66.2 million, and free cash flow was $17.6 million through six months. Comparable adjusted EBITDA increased 1.6% to $101.8 million. Affirms 2024 guidance for adjusted EBITDA, adjusted diluted EPS, and free cash flow. Deluxe (NYSE:DLX), a Trusted Payments and Data company, today reported operating results
Although U.S. stocks closed mixed on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Zillow Group The Trade: Zillow Group, Inc. (NASDAQ:ZG) Director Jay C Hoag acquired a total of 2,338,036 shares at an averag
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector. Deluxe Corporation (NYSE:DLX) Dividend Yield: 5.42% TD Cowen analyst Lance Vitanza maintained a Buy rating and raised the price
TD Cowen analyst Lance Vitanza maintains Deluxe (NYSE:DLX) with a Buy and raises the price target from $33 to $35.
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Deluxe (NYSE:DLX), a Trusted Payments and Data Company, has announced an inducement grant in connection with the recent hiring of Kimberly D. Cross as its Senior Vice President, Chief Human Resources Officer. In connection with Ms. Cross' hire, Deluxe agreed to grant to Ms. Cross restricted stock units in the aggregate amount of $800,000 as an inducement for her to join the company. The grant of 34,468 restricted stock units was made on November 15, 2024, and the units vest in two equal installments on the first and second anniversary of date of grant. About Deluxe Corporation Deluxe, a Trusted Payments and Data Company, champions business so communities thrive. Our solutions help bus
Payments industry veteran joins to help accelerate growth Deluxe, a trusted Payments and Data Company, announces the appointment of Kimberly D. Cross as its Chief Human Resources Officer. Cross brings nearly 30 years of experience as a strategic and accomplished HR leader, with a proven track record of leading growth and innovation by continually improving strategies focused on people, teams, and culture. "Kim's experience and leadership style are a perfect fit for Deluxe," said Barry McCarthy, President and CEO of Deluxe. "Our people are our number one asset, and we conducted an extensive search to find a leader with the right combination of expertise and skill to help lead our people s
Deluxe (NYSE:DLX), a Trusted Payments and Data Company, has announced inducement grants in connection with the recent hiring of John F. Rubinetti, III as its Senior Vice President, President of B2B Payments. In connection with Mr. Rubinetti's hire, Deluxe agreed to grant to Mr. Rubinetti restricted stock units in the aggregate amount of $820,000 as an inducement for him to join the company. The grant of 41,144 restricted stock units was made on August 15, 2024. About Deluxe Corporation Deluxe, a Trusted Payments and Data Company, champions business so communities thrive. Our solutions help businesses pay, get paid, and grow. For more than 100 years, Deluxe customers have relied on our
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Northcoast initiated coverage of Deluxe with a rating of Buy and set a new price target of $27.00
Cowen & Co. initiated coverage of Deluxe with a rating of Outperform and set a new price target of $55.00